NEW 16 HRS AGO

For sale

$2,300,000

Est. $12,896/mo —

•

3,495

sq ft

277 Spur Ranch Rd, Lamy, NM 87540

About this home

Profitable working Horse Ranch back on the market with a price reduction. This ranch has been an established dressage and boarding facility for over 20 years. All existing boarders and one Grand Prix trainer who can also manage the barn would like to remain after the property sale. The professionally designed equestrian facilities include an indoor riding area, main 8-stall Morton barn, indoor & outdoor dressage arenas, flexible and prolific fencing areas, a private office, an observation deck, storage areas, and hay & tractor storage. This gated community is 150 acres of expansive riding trails—it's an equestrian dream! The Adobe residence was custom designed and built by Jim Satzinger. This home enjoys panoramic views of four mountain Ranges. The two spacious covered portals enjoy views and are perfect for entertaining. The gracious layout offers privacy for guests and a well appointed primary suite. This home is surrounded by irrigated floral, vegetable and herbal gardens. There is much more to this home and business, both of which the original owner built and lovingly cared for.

Single-familyProperty Type

1993Year Built

19.5 acresLot Size

$658Price/Sq.Ft.

2 car garageParking

Listed by Deborah Bodelson • Corcoran Plaza Properties

Listed by Cary Spier • Corcoran Plaza Properties

Listing updated: Sep 2, 2026 at 10:18am

Redfin checked: 3 minutes ago

•Source:Santa Fe MLS #202603805

Payment calculator

$12,896 per month

Principal and interest$12,087

Property taxes

$425

HOA dues

Home insurance

$383

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

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2808 Pueblo Bonito, Santa Fe, NM 87507
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OPEN SUN, 12PM TO 2PM
$559,000
3 beds2 baths1,464 sq ft
3753 Valmora Rd, Santa Fe, NM 87505
OPEN SUN, 1PM TO 3PM
$879,000
4 beds3 baths2,298 sq ft
10 Prairie Vista Rd, Santa Fe, NM 87508
OPEN SUN, 1PM TO 3PM
$1,145,000
5 beds3 baths3,233 sq ft
4421 Mission Bnd, Santa Fe, NM 87507
OPEN SUN, 2PM TO 4PM
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8 Avenida De La Paz, Lamy, NM 87540
OPEN SUN, 2:30PM TO 5PM3D & VIDEO TOUR
$2,645,000
4 beds3.5 baths4,058 sq ft
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Around this home

Schools

K - 12
Preschool & daycare

El Dorado Community School

Public PreK-8 • Assigned • 3.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

277 Spur Ranch Rd · $2,300,000

DAYS ON MARKET

The average home goes pending in 57 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median sale price in this area is $705,550. (69% lower than this home)

PRICE DROP

21% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
No interior steps
Not ADA compliant

Bathrooms
2 full bathrooms
1 half bathroom

Kitchen
Gas cooktop
Oven
Range
Microwave
Dishwasher
Disposal
Refrigerator
Trash compactor

Laundry & utility
Washer
Dryer
Gas water heater
Water heater

Flooring
Brick flooring
Tile flooring

Heating & cooling
Radiant heat
Propane heating
Fireplace(s)

Sale and tax history for 277 Spur Ranch Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2025

$5,098 (+2.1%)

$68,107 + $178,953

$247,060

2024

$4,991

$66,123 + $173,741

$239,864

2023

$4,995 (+2.6%)

$64,198 + $168,680

$232,878

2022

$4,867 (+2.0%)

$62,328 + $163,767

$226,095

2021

$4,772 (+2.3%)

$60,513 + $158,998

$219,511

2020

$4,665 (+2.0%)

$48,500 + $164,617

$213,117

2019

$4,572 (+1.7%)

$48,500 + $158,410

$206,910

2018

$4,495 (+1.7%)

$48,500 + $154,296

$202,796

2017

$4,421 (+6.6%)

$46,256 + $154,296

$200,552

2016

$4,149 (+38.8%)

$36,667 + $158,044

$194,711

2014

$2,990

$36,667 + $104,309

$140,976

Public record

Public record
Zoning

Beds

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

19.5 Acres

Year renovated

—

Finished Sq. Ft.

3,132

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,132

Year built

1993

Style

Single Family Residential

County

Santa Fe County

APN

129301522

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

RUR-R

Rural Residential District

The purposes of the Rural Residential RUR-R district are: to provide for the development of single-family homes on large lots, either individually or as part of rural subdivisions; to preserve the scenic and rural character of the County; to provide consolidated open space and agricultural lands; and to recognize the desirability of carrying on compatible agricultural operations and home developments in areas near the fringes of urban development while avoiding unreasonable restrictions on farming or ranching operations. Uses that support rural character of the broader area shall be allowed including agricultural production, small-scale renewable energy production, home-based businesses, bed and breakfasts, agro-tourism, equestrian and boarding facilities, farmers’ markets and produce stands. Density transfers and clustered development shall be allowed in order to support continued farming and/or ranching activities, conserve open space or protect scenic features and environmentally sensitive areas.

Permitted uses

Include but are not limited to:

Greenhouse / nursery
Religious facility
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Medical office
Educational/school
Library
Recreation

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

5/10 Fire Factor

4% chance of being in a wildfire in next 30 years

3/10 Heat Factor

7 days above 90° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Lamy, NM • 87540

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

93/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.4 hrs

7.2 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 277 Spur Ranch Rd

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New listings for sale in 87540

NEW 16 HRS AGO

$2,300,000

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277 Spur Ranch Rd, Lamy, NM 87540

OPEN SUN, 2PM TO 4PM

$726,000

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3D WALKTHROUGH

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Details provided by Santa Fe MLS and may not match the public record. Learn more.

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