Agricultural Land with Building
For Sale
$895,000
76 & 78 County Road 114, Espanola, NM 87532
Conservation-easement property with acequia water rights, river corridor acreage, two existing homes, and a designated building envelope.
Property Size3,600 SF
Lot Size58.00 Acres
Price / SF$248.61
Days on Market112
Property Features for 76 & 78 County Road 114
General Information
Standard status
Active
Size
3,600 SF
Lot size
58.00 Acres
Property subtype
Land or Vacant Lot
Additional Details
Water Rights
Yes
Taxes and HOA fees
Annual Taxes
$2,266
Listing Agency:
SOTHEBY'S INT. RE/WASHINGTON
(505) 988-8088
Listed By:
ROBERTA LOWE · License #44462
Source:
Corcoran
Added: Apr 23
Changed: Aug 8
Last Checked: May 10 at 4:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SOTHEBY'S INT. RE/WASHINGTON
Investment Insights
Based on property information with market context.
This conservation-easement agricultural property is set along the Rio Grande and includes a mix of bosque, open pasture, grassland, and river corridor. The land is supported by valuable acequia water rights with a 1695 priority date, intended to help sustain farming, grazing, and equestrian use while keeping the landscape protected.
The property features two existing homes on site. A designated building envelope of approximately two acres allows for a new custom home and additional structures, providing flexibility for future improvements while remaining consistent with low-impact residential and agricultural use.
The conservation easement limits overdevelopment but still allows residential use, agriculture, and low-impact recreational or retreat-style use. Overall, it presents a protected, highly functional landholding with existing residences and room for additional development within the approved envelope.
The property features two existing homes on site. A designated building envelope of approximately two acres allows for a new custom home and additional structures, providing flexibility for future improvements while remaining consistent with low-impact residential and agricultural use.
The conservation easement limits overdevelopment but still allows residential use, agriculture, and low-impact recreational or retreat-style use. Overall, it presents a protected, highly functional landholding with existing residences and room for additional development within the approved envelope.
Key Highlights
- Approximately 58 acres along the Rio Grande with a conservation easement to help keep the land protected and largely unchanged.
- Acequia water rights with a 1695 priority date for farming, grazing, and equestrian use.
- Property includes a mix of bosque, open pasture, grassland, and river corridor acreage.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 87532, NM
19,017
Population
8,946
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
85%
High-School Grad
109.5 sq mi
ZIP Area
174
Density / Sq Mi
$57,077
Median Household Income
$42,365
Median Earnings
$887
Median Rent
$225,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Ranch - Conservation-easement property with acequia water rights, river corridor acreage, two existing homes, and a designated building envelope.
Where is this ranch located?
The property is located at 76 & 78 County Road 114 Espanola, NM.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Approximately 58 acres along the Rio Grande with a conservation easement to help keep the land protected and largely unchanged.; Acequia water rights with a 1695 priority date for farming, grazing, and equestrian use.; Property includes a mix of bosque, open pasture, grassland, and river corridor acreage.
