Meghan Tate - Coldwell Banker Legacy
91 Pine Ranch
Galisteo, NM 87056

$3,000,000

Description

Located on the edge of the Galisteo Basin, this offering consists of two approved subdivisions and an award-winning gated luxury home on 978 acres overlooking and adjacent to the historic San Cristobal Ranch. The ranch with its custom adobe home and guest house commands 10,000 square feet under roof and 6,000 heated square feet containing 3 large suites, 4 baths and 2 half-baths, an expansive living area, formal dining room, and 6 fireplaces. The master suite connects to an office and exercise room with expansive views of the Galisteo Basin. Deep portals surround the entire house and allow for easy outdoor living. Built in 2005 by Chapman, 91 Pine Canyon Ranch won the Parade of Homes prize for that year. This offering comes with substantial upside potential as an investment and includes 26 fully platted lots that are all served by developed roads, buried electric lines with transformers, telephone lines, and a tap for the community water system. The new owner can sell lots individually at any time. Santa Fe County currently taxes this property as agricultural land due to cattle grazing. In addition, this property is ideal for declaration of a conservation easement that may qualify for tax deductions of as much as 60% of the appraised value of the property. Inquire with broker and your tax professional for details on this extraordinary conservation easement investment opportunity. Three shared wells and two large holding tanks.

Details

MLS#201700103
Sub-TypeLand
StatusActive
Days On Site651

Features

SQ Feet1,817,764
Story(s)1
Zoning573

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Area Information

StateNM
CountySanta Fe
CityGalisteo
Zip Code87056
Area10-Hwy 285
Listing VS Median (in 87056)
Price:
$3,000,000
low | high
Med:
$415,000
100% of Average
SqFt:
1,817,764
low | high
Med:
1,825
100% of Average
$ / SqFt:
$2
low | high
Med:
$227
100% of Average
On Site:
651
low | high
Med:
49
100% of Average
Listing Updated: 10/17/2018
MLS Number: 201700103
Listing Provided By:
Tai Bixby Associates  of  Keller Williams