For saleReduced $55,000 from $2,850,000

$2,795,000

1,154 acres

24554 Us 84Cebolla, NM 87575

Farms and ranches · MLS 11629273 · Listed 324 days ago (Dec 9, 2025)

Pond · Creek or stream · Waterfront, relationship not specified · Waterfront details

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For sale: Listed and available according to the MyStateMLS feed.

About this property

Terrero Creek Ranch is a 1,154± acre property located 30 minutes south of Chama, NM, a premier big-game hunting area (Unit 51A). Known for high elk densities and quality mule deer bucks, the ranch also supports black bear, mountain lion, and turkey populations. Elevations range from 7,160 to 8,120 feet, with rolling terrain featuring sage, native grasses, juniper, pinion, and mature ponderosa pine-prime habitat for wildlife. The property includes 1.25 miles of Terrero Creek and five water tanks, all of which draws Big Game during fall archery and rifle seasons, including the migrating herds of elk and mule deer. Enrolled in New Mexico's EPLUS elk program, the ranch historically received up to 7 private-land elk vouchers annually, which are transferable or sellable. Mule deer, black bear, mountain lion, and turkey tags are available over-the-counter (OTC) for archery and rifle seasons. Elk rut near water sources in archery season and migrate to lower elevations for rifle season, joined by mule deer seeking food and bedding areas. Bear densities rank among the state's highest in Bear Management Zone 1. With direct access from paved US-84, private road system on the property, power on the property, and no covenants, this blank slate offers a variety of improvement options. Mineral and water rights transfer to the new owner. Recreation at Taos ski area, and the city of Santa Fe is under 2 hours away, and fishing at the Rio Chama for trophy brown trout is only 30 minutes to the North. Also explore the nearby 775,000-acre Carson National Forest. Located 75 miles from Pagosa Springs, CO, and 80 miles from Santa Fe, the ranch is 90 minutes from Santa Fe Regional Airport and 144 miles from Albuquerque International Airport.

Description provided by the listing brokerage.

MLS-reported waterfront

Waterfront details

The listing reports the property as waterfront but does not say how it meets the water. Ask the listing agent whether the parcel itself adjoins the shoreline.

Relationship to the water
Waterfront, relationship not specified
Water body
Not provided. Ask the listing agent.
Frontage length
Not provided. Ask the listing agent.
Water access arrangement
Not provided. Ask the listing agent.
Docks, slips, lifts, moorings
Not provided. Ask the listing agent.
Dock depth
Not provided. Ask the listing agent.
Shoreline
Not provided. Ask the listing agent.
Seasonal or tidal conditions
Not provided. Ask the listing agent.
Boating limits (bridges, depth, open-water access)
Not provided. Ask the listing agent.
Why this is listed as waterfront
  • WaterfrontYN “Yes”: The listing is marked waterfront.
  • WaterfrontFeatures “Pond, Creek”: Describes the water without a frontage value.
  • PropertyTypeDetail “farm-estate”: Property form used to read the frontage relationship.

Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront

Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Keith Stephens of St James Sporting Properties.

Facts

List price
$2,795,000
Original list price
$2,850,000
Status
For sale
Property type
Farm or estate
Lot size
1,154 acres
County
Rio Arriba County
MLS number
11629273
Annual property tax
$350

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.

Features

Heating

  • Electric

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Cebolla.

Price and status history

  • Original list price reported by the brokerage: $2,850,000

Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.

Estimate a monthly payment

$559,000
Illustrative. Replace with a quote from your lender.
From the listing. Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.

Estimated monthly payment

$14,979 per month

Principal and interest$14,133
Property tax$29
Homeowners insurance$817
Loan amount$2,236,000
Total interest over the term$2,851,895

An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.

Questions to ask before you buy

Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.

  1. Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
  2. Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
  3. What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
  4. How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
  5. What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
  6. What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
  7. How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
  8. How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
  9. What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.

Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)

Guides and next steps

Listing courtesy of St James Sporting Properties. Listing agent: Keith Stephens. Listings provided by MyStateMLS.

Listing last updated by the brokerage Jun 21, 2026, 7:36 PM UTC. Waterfront Homes last received MyStateMLS data Oct 29, 2026, 10:01 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.