Santa Fe Compound with Equestrian
54 Rons Road, Santa Fe, NM 87508
New
MULTI_FAMILY - Other - Santa Fe, NM
Property size:
5,975 SFLot size:
9.36 AcresPrice / SF:
$205/SF- Added:
- May 9, 2026
- Days on Market:
- 7
- Last Refresh:
- May 15 at 9:06 pm
Property Features for 54 Rons Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Rural Residential
- Parking features
- Garage
- Interior features
- InteriorSteps
- Standard status
- Active
- APN
- 078001014
- Size
- 5,975 SF
- Lot size
- 9.36 Acres
Taxes and HOA fees
- Tax Description
- LOT 7, NE4-NE4-SE4 S26 T15N R8E
Utilities
- Sewer type
- Septic Tank
- Heating system
- Radiant, Propane (Heating)
- Water source
- Private, Well
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Adobe, Frame, Stucco
- Roof type
- Flat
- Architectural style
- Other
Listing agent Joan M. DiGiovanna License #49852 (505) 907-6387
Listing office Keller Williams Realty 130 Lincoln Ave, Ste. K, Santa Fe, NM (505) 983-5151
Listing date May 9, 2026
MLS# 202601858
Listing URL
Copyright © 2026 Santa Fe Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Offered below appraised value, providing immediate equity.
- Compound with three residences (main house, guest house, casita) ideal for flexible use.
- Equestrian center with indoor riding arena, offering potential for various uses and generates income with separate access.
- Private well with generous capacity supports residences, landscape, pool.
- Heated pool with sunrise and sunset views.
- Main residence features classic Southwestern adobe construction with handcrafted wood detailing and original character.
Overview
This Santa Fe compound, known as Cielo Encantado, features three residences: a main house, a guest house, and a casita. The property is suited for a family compound, a second home, or a flexible ownership model where one or two residences can be rented. The main residence showcases adobe construction with Southwestern lines, handcrafted wood detailing, and original character. A heated pool offers views of both sunrise and sunset. The private well supports the residences, landscape, pool, and potential equestrian or small farm use. The equestrian center includes an indoor riding arena suitable for riding and training. The facilities offer potential for equestrian use, yoga or spiritual retreats, or an artist's working environment. The horse facilities have generated income through multipurpose use, with separate access that allows this area to function independently from the residences. The property spans 9.36 acres and includes 5975 square feet of living space. The property is zoned as Rural Residential.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$910.9K
NOI $81,980 @ 9.00% cap · cautious / downside scenario
Moderate
$1.17M
NOI $81,980 @ 7.00% cap · market / base-case scenario
Aggressive
$1.64M
NOI $81,980 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.6k | $26.04 |
| − Vacancy | −$6.5k | −$1.09 |
| EGI | $149.1k | $24.95 |
| − OpEx | −$67.1k | −$11.23 |
| NOI | $82.0k | $13.72 |
5,975 SF · lease $26.04/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,980 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,573 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Santa Fe
- County
- Santa Fe
- State
- New Mexico
- Longitude
- -106.0548588
- Latitude
- 35.5000922
Nearby Similar for Sale
FAQs
What type of property is this?
Horse & equestrian property - Unique Santa Fe compound with three residences and equestrian facilities.
Where is this horse & equestrian property located?
The property is located at 54 Rons Road Santa Fe, NM.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Offered below appraised value, providing immediate equity.; Compound with **three residences** (main house, guest house, casita) ideal for flexible use.; **Equestrian center with indoor riding arena**, offering potential for various uses and generates income with separate access.
