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Rare property with RIVER VIEWS and water rights! Discover the raw beauty and endless possibilities of this exceptional 19.86-acre property nestled in the heart of Northern New Mexico. Once dedicated agricultural land, this parcel offers a rare opportunity to build your dream home in a truly scenic and serene setting. The property stretches all the way to the banks of the Rio Grande, where it rests on a tranquil bend with stunning views downstream toward Black Mesa. Mostly flat and highly usable, the land presents numerous ideal building sites with panoramic views and direct access to nature. Whether you're looking to fish from your backyard, grow your own crops, or simply escape to open space, this unique property offers it all.

Highlights

  • Land
  • 19.68 Acre Lot
  • 484 days on Market


  • Acres
    19.68
  • Lot Features
    Wooded, Level, Views, Meadow
  • Utilities
    Sewer Not Available, Water Not Available
  • Water
    None

  • Area
    570 - Rio Arriba
  • County
    Rio Arriba
  • City
    Espanola
  • Neighborhood
    La Mesilla
  • Zip Code
    87532
  • Elementary School
    Sombra Del Monte

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Frequently Asked Questions

How do I schedule a tour of Co Rd 120?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to Co Rd 120.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about Co Rd 120?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $540,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Espanola, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for Co Rd 120?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for Co Rd 120 at around $3,227. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy Co Rd 120?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Rio Arriba County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for Co Rd 120?

In most cases, yes. Whether Co Rd 120 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Espanola's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on Co Rd 120?

We can handle that for you. Our preferred local agent specializes in lands in Espanola and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

Co Rd 120 was listed on July 18, 2025, which means it's been on the market for 484 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

Co Rd 120 sits on a 19.68-acre lot, which is 857,261 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Sombra Del Monte

Want to see how these schools compare? Check out our Rio Arriba County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for Co Rd 120?

The most recent public record shows annual property taxes for Co Rd 120 were approximately $1,849. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is Co Rd 120 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data


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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Continental Real Estate Group, Inc, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Multiple Listing Service. All Rights Reserved.

Last Updated: November 14, 2026 at 01:56AM | Source: Southwest MLS (Greater Albuquerque Association of REALTORS) | MLS#: 1088096