Penasco NM Homes for Rent
The median home value in Penasco, NM is $164,300.
This is
lower than
the county median home value of $256,200.
The national median home value is $219,700.
The average price of homes sold in Penasco, NM is $164,300.
Approximately 53.57% of Penasco homes are owned,
compared to 19.16% rented, while
27.27% are vacant.
Penasco real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Penasco real estate agent to arrange a tour today!
$575,000
14197 Highway 75 Penasco, NM 87553
- Type:
- Single Family
- Sq.Ft.:
- 3,401
- Status:
- NEW LISTING
- Beds:
- 5
- Lot size:
- 0.46 Acres
- Year built:
- 1975
- Baths:
- 3.00
- MLS#:
- 112376
ADDITIONAL INFORMATION
Exceptional 5-Bedroom Home with Vacation and Rental Potential and Artistic Flair near Taos, NM. Discover the incredible investment potential of this unique 5-bedroom, 3-bathroom home in Penasco, just a short drive from Taos. This versatile property has been thoughtfully split into two separate units, each with its own private entrance and yard space, making it ideal for rental opportunities or multi-generational living. Both spaces are beautifully stylized by the current owners, who are experts in carpentry and home design, creating a harmonious blend of functionality and aesthetic appeal. The two-story home is surrounded by a lush garden, lovingly planted by a former master gardener offering a succession of blooming perennials throughout the warm season. The grounds are filled with flourishing blackberries, fragrant Russian sage, and a stunning willow tree, offering a serene and picturesque setting. A renovated workshop with electricity provides ample space for creative projects or hobbies, and an attached commercial art gallery on the upper unit offers a unique venue for artists or entrepreneurs. Each unit provides an inviting retreat with private outdoor spaces, perfect for relaxation or entertaining. The property also features a hot tub, offering a luxurious way to unwind while enjoying the tranquility of the surroundings. Whether you're looking to generate rental income, enjoy a private studio or run an art gallery, or simply enjoy a peaceful lifestyle in a beautiful setting, this property offers endless opportunities. It's a rare chance to invest in a home that allows you to live, create, and flourish all in one place.
Open House:
Sunday, 9/22 10:00-4:00PM
- Type:
- Single Family
- Sq.Ft.:
- 3,400
- Status:
- NEW LISTING
- Beds:
- 5
- Lot size:
- 0.45 Acres
- Year built:
- 1975
- Baths:
- 3.00
- MLS#:
- 202403978
ADDITIONAL INFORMATION
Exceptional 5-Bedroom Home with Vacation and Rental Potential and Artistic Flair near Taos, NM. Discover the incredible investment potential of this unique 5-bedroom, 3-bathroom home in Penasco, just a short drive from Taos. This versatile property has been thoughtfully split into two separate units, each with its own private entrance and yard space, making it ideal for rental opportunities or multi-generational living. Both spaces are beautifully stylized by the current owners, who are experts in carpentry and home design, creating a harmonious blend of functionality and aesthetic appeal. The two-story home is surrounded by a lush garden, lovingly planted by a former master gardener offering a succession of blooming perennials throughout the warm season. The grounds are filled with flourishing blackberries, fragrant Russian sage, and a stunning willow tree, offering a serene and picturesque setting. A renovated workshop with electricity provides ample space for creative projects or hobbies, and an attached commercial art gallery on the upper unit offers a unique venue for artists or entrepreneurs. Each unit provides an inviting retreat with private outdoor spaces, perfect for relaxation or entertaining. The property also features a hot tub, offering a luxurious way to unwind while enjoying the tranquility of the surroundings. Whether you're looking to generate rental income, enjoy a private studio or run an art gallery, or simply enjoy a peaceful lifestyle in a beautiful setting, this property offers endless opportunities. It's a rare chance to invest in a home that allows you to live, create, and flourish all in one place.
$495,000
42 Roybal Road Penasco, NM 87553
- Type:
- Single Family
- Sq.Ft.:
- 1,947
- Status:
- Active
- Beds:
- 3
- Lot size:
- 1.03 Acres
- Baths:
- 2.00
- MLS#:
- 112286
ADDITIONAL INFORMATION
This really is a “must-see” property for anyone who is looking for privacy, tranquility, and peace of mind in an amazingly lush and multi-faceted setting, all within a reasonable hour commute to Santa Fe’s plaza, 45 minutes up to the town of Taos, just 20 minutes to rafting in Rinconada, 20 minutes to skiing in Sipapu, and 15 minutes to wineries in Dixon. Accessed via a county-maintained road and situated at ~7,500 feet in elevation in a pastoral setting, this traditional-style northern New Mexico property offers an amazing array of outdoor attributes that perfectly complement its home’s custom characteristics. The fully-fenced grounds (a great benefit for dog owners!) are directly adjacent to Picuris Pueblo lands located to the south and offer a mature cedar tree grove, a small apple tree orchard (you can feed the apples to the lovely horses that live across the road that will be your new neighbors), two acequia ditches (Rio Lucio Southside Ditch Association), numerous lush grasses, a chicken coop, outbuildings, and amazing views up and down the Santa Barbara River valley as well as up to Picuris Peak to the north. The home itself will take you back in time. Given its old-age feel and plentiful custom characteristics, you will know very much that you are in Northern New Mexico. Constructed of adobe block (the home was re-stuccoed approximately seven years ago) and wood frame (second floor) with a pitched pro-panel metal roof, this home has stood the test of time and its strength shows. Incorporated into its design are numerous patios and covered portals offering breathtaking views, custom-made wood doors and thresholds, varied floor surfaces including wood, tile and carpet, Thermopane windows throughout, tin-accented kitchen cabinets and ceilings showcasing gorgeous reclaimed vigas and beams. On the ground floor the home offers a formal entry into the living room which features a very large wood-burning kiva fireplace, as well as a proper dining room (with lovely double doors out to a north side patio) and large kitchen and walk-in pantry and laundry room. There are also two bedrooms and a bathroom on the ground floor along with a small office area. The second floor provides for a large bedroom with en-suite bathroom and a 50’ x 9’ covered porch area that looks directly north to the mountains. For those that need great internet coverage, the home benefits from Kit Carson fiber. Lastly, on the home’s west-side, there is plenty of room for a RV with 30-amp electrical service hook-up and septic nearby.
$160,000
1206 NM - 75 Penasco, NM 87553
- Type:
- Single Family
- Sq.Ft.:
- 859
- Status:
- Active
- Beds:
- 1
- Lot size:
- 1.37 Acres
- Year built:
- 1937
- Baths:
- 1.00
- MLS#:
- 202403308
ADDITIONAL INFORMATION
Looking for a small, mostly adobe home to make yours. This house has so much potential. It has running community water, electricity, new septic, new survey, and propane. One could live in it as they remodel. The home sits on a small hill and is surrounded by so many beautiful views and overlooks the valley where the Rio Santa Barbara runs through and one can hear the water running down the river. Nearby, the Rio Santa Barbara flows into the Rio Pueblo and heads west. The home also comes with 1.12 acres of land with irrigation water rights. It has everything one would want to live in the country and be self-sustaining. Set up a small corral for sheep, maybe goats, and set up the chicken coop. Now it is time to enjoy the good life, clean mountain air, amazing views, beautiful starlit skies, and the sound of water running down the river or in one’s own Acequia that meanders behind the home. The area has many great fishing streams, and the forest is close by for mountain climbing, fishing, and biking.
- Type:
- Single Family
- Sq.Ft.:
- 960
- Status:
- Active
- Beds:
- 3
- Lot size:
- 3.23 Acres
- Baths:
- 2.00
- MLS#:
- 111847
ADDITIONAL INFORMATION
A Lush Writers Oasis Minutes From the Santa Barbara River ~ This green 3+ acre property nestled in the Peñasco Valley, surrounded by three different acequia ditches, is pure magic. It's not every day a perfectly maintained 3 bed 2 bath home becomes available in this water-rich region of Northern New Mexico. The owner, and local author of several novels has spent ample time making 27A Acequia Madre a sanctuary to retreat, create, relax and meditate near the wilderness, or under the shooting stars that light up the dark night sky. The home itself is slightly elevated to take advantage of the views, and the interior practically feels brand new. Elegant wood-style tiles and soft carpet on the floors, plenty of windows that let in the natural light, ceiling fans that keep the home fresh, and connected to community water which feeds the newly installed Rheem on-demand hot water heater and softener. The exterior of the home can be left alone, or you can create a garden or farm as large as you desire with water from multiple ditches. The highly organized 40 ft storage container with electricity, or the newly installed Tuff Shed will make for a great workshop, art studio, or perhaps a second living space. All furniture could convey making this a full turn-key opportunity. In your spare time, jump on a horse and head towards the Santa Barbara reserve for a long ride along the creek. Grab your fishing rod and head down the road in search of native trout. Find a nearby trailhead for hiking, camping, mountain biking, snowshoeing, or skiing and snowboarding miles away at Sipapu Resort. Now, head over the mountain to experience this unique property and see where dreams do come to fruition.
$3,500,000
192 Llano de La Legua Penasco, NM 87579
- Type:
- Farm
- Sq.Ft.:
- 3,500
- Status:
- Active
- Beds:
- 3
- Lot size:
- 285 Acres
- Baths:
- 2.00
- MLS#:
- 202341401
ADDITIONAL INFORMATION
Nestled in a grove of ponderosa pine and embraced by the fresh mountain air of the Sangre de Cristo Mountain range, this property offers more than a view, it offers a way of life. The private road leads you to a unique home, resting perfectly in-tune with its environment. This home is located on the southern end of the Rocky Mountains, just 30 miles south of historic Taos, NM. It neighbors the Carson National Forest & Pecos Wilderness. It stands amongst a restored ponderosa pine forest. Two natural earth-fed springs. Numerous ponds created specifically to provide water to wildlife & for erosion control. This spacious ranch provides twenty +- acres of flood irrigated pasture from two acequias & 14+- acres of dry pasture. Registered with New Mexico Fish & Game for landowner elk tags in Unit 45 and is located within 60 to 70 miles of 5 ski resorts, namely Sipapu, Taos Ski Valley, Angel Fire, Red River and Ski Santa Fe. This log cabin lodge is newly built! It boasts a 27-foot cathedral ceiling,3 bedrooms, 2 bathrooms, hot tub, wood burning stove, and a 4-car garage/workshop with a bonus room upstairs, within its approximate 3500+- square feet, with an additional 1,200+- square feet of flawless decks - perfect for small intimate dinners or larger sophisticated gatherings. The 12-inch logs and floor plans that foundationally support this home were purchased from Montana Custom Log Homes Inc, the acclaimed creators and designers of custom-built, versatile, and handcrafted homes for generations. A view of hundreds of square miles of northern New Mexico valleys & mountains are out the west facing windows. Sunsets are glorious! Underground utilities, highspeed fiberoptic internet, cisterns for water catchment, 25 x 25 carport and so much more. Property excellent for that unique family get a way, secondary or primary home compound, or corporate retreat, the use is endless. A truly special and unique property awaits you! Don’t miss out! Schedule your viewing today.
