Sponsoring Broker: Edward Donovan, Continental Real Estate Group, Inc
**ELK RIDGE RANCH**Welcome to **Elk Ridge Ranch**, a remarkable 2 parcels combined for a 7+/- acre luxury estate nestled in the foothills of Placitas with breathtaking Sandia Mountain views and expansive New Mexico skies. Thoughtfully designed by the Dansfelser family, this extraordinary property blends authentic Southwestern architecture with exceptional ranch infrastructure, creating a one-of-a-kind estate ideal as a private residence, equestrian property, executive retreat, boutique ranch, or potential bed-and-breakfast, wellness retreat, or hospitality destination (subject to zoning and permitting).The custom **4,730+/- square-foot residence** showcases timeless craftsmanship with diamond-finish plaster walls, exposed vigas, brick and flagstone flooring, generous living areas, and abundant natural light. Designed for both everyday living and entertaining, the home features multiple gathering spaces, a spacious sunroom overlooking the grounds, a private primary suite, refrigerated air, instant hot water, surround sound, smart-home technology, motion sensors, and an expansive game room.A detached **944+/- square-foot guest home** offers two bedrooms, a full kitchen, living area, laundry, and private separation from the main residence. Ideal for extended family, guests, a caretaker, private office, or creative studio, it adds exceptional flexibility to the estate.The outdoor setting is equally impressive. A private pond with a waterfall, diving platform, cooled pump house, built with a durable 60 mil liner, and an RV hook up, serves as the centerpiece of the property, creating a peaceful setting for entertaining, recreation, and enjoying the surrounding landscape. Mature trees, open pasture, sweeping mountain views, and thoughtfully designed improvements create a rare combination of beauty, privacy, and functionality.A passion for ranch-style luxury living is evident throughout the estate. Every element has been carefully planned, from the placement of the residence and guest home to the ranch improvements and expansive pastures, creating a seamless blend of elegance, functionality, and natural beauty.Purposefully improved for ranch operations, Elk Ridge Ranch features extensive large-game perimeter fencing, multiple fenced pastures and paddocks, a substantial steel equipment building, covered equipment and hay storage, detached garage/workshop, refrigerated workspace and storage, utility buildings, and excellent internal access throughout the property. These improvements represent years of thoughtful planning and significant investment while maintaining the elegance of the estate.Additional amenities include an **owned solar system**, private well servicing both residences, owned propane tanks, recently refreshed stucco, Pella windows installed within the past several years, a roof reported to be approximately ten years old, and a three-car garage, enhancing efficiency, comfort, and long-term value.Located in highly desirable Placitas, the property offers peaceful rural living just minutes from Albuquerque, Interstate 25, shopping, dining, golf, hiking, and approximately one hour from Santa Fe.More than simply a home on acreage, **Elk Ridge Ranch** is a legacy estate where luxury, craftsmanship, scenic beauty, and exceptional ranch infrastructure come together to create one of Placitas' most remarkable offerings. Whether your vision is a private family sanctuary, luxury ranch, equestrian property, or boutique hospitality retreat, this exceptional estate offers a rare opportunity to own one of New Mexico's finest properties.
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
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Price History
09/24/2026
Price Changed
$1,950,000
Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1108480
08/04/2026
Listed
$2,200,000
Source: Southwest MLS (Greater Albuquerque Association of REALTORS) #1108480
Source: MLS Data
Deed History
01/18/2024
Intrafamily Transfer - Transaction is between related parties for any reason & no consideration.
$0
Source: Public records via Constellation Data Labs
Mortgage History
08/22/1970
Conventional
$200,000
08/22/1970
Conventional
$200,000
08/22/1970
Credit Line (Revolving) / HELOC
$90,000
08/22/1970
Credit Line (Revolving) / HELOC
$100,000
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 772 State Highway 165?
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 772 State Highway 165.
They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 772 State Highway 165?
Click Ask a Question to talk with our team. You already know it is a 4 bed, 3 bath, listed for $1,950,000. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Placitas, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 772 State Highway 165?
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 772 State Highway 165 at around $11,358. 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 772 State Highway 165?
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 Sandoval 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 772 State Highway 165?
In most cases, yes. Whether 772 State Highway 165 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Placitas'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 772 State Highway 165?
We can handle that for you. Our preferred local agent specializes in residentials in Placitas 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.
What is the price per square foot for this home?
This home is listed at $1,950,000 with 5,674 sqft of space—that comes out to approximately $344 per square foot.
How long has this property been on the market?
772 State Highway 165 was listed on August 04, 2026, which means it's been on the market for 103 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1962, making it approximately 64 years old.
What is the lot size of this property?
772 State Highway 165 sits on a 6.93-acre lot, which is 301,871 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
Elementary: Placitas
Middle: Bernalillo
High: Bernalillo
Want to see how these schools compare? Check out our Sandoval County School Guide to see ratings, reviews, and more for the schools in the area.
What are the property taxes for 772 State Highway 165?
The most recent public record shows annual property taxes for 772 State Highway 165 were approximately $3,130. 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 772 State Highway 165 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.
