Agricultural Land with Building
76 & 78 County Road 114, Espanola, NM 87532
For Sale
$895,000
Conservation-easement property with acequia water rights, river corridor acreage, two existing homes, and a designated building envelope.
Property Size1,700 SF
Lot Size58.00 Acres
Price / SF$526.47
Days on Market187
Property Features for 76 & 78 County Road 114
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Water Rights
Listing Agency:
Sotheby's Int. RE/Washington
(505) 988-8088
Listed By:
Roberta Lowe · License NM #44462
(505) 366-4753
Source:
Wesellsantafe
Added: May 9
Changed: Nov 2
Last Checked: Nov 10 at 7:59AM
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
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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
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Current Use
Lease Details
Yes
Water rights
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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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
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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.
