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Discover a rare opportunity to own a lush, verdant 1.5-acre property with highly coveted water rights from the Alamitos Ditch. Originally part of the renowned River Song Ranch/ TVR once owned by Michael Martin Murphey, this exceptional property offers a rich sense of history and the peaceful beauty of Northern New Mexico. Surrounded by mature trees that provide natural shade, privacy, and year-round beauty, the fully fenced acreage creates an idyllic setting for horses, animals, gardening, or simply enjoying the outdoors. At the heart of the property is a thoughtfully designed 3-bedroom, 2-bath home on a permanent foundation that blends comfort with functionality. The spacious, beautifully appointed kitchen features premium appliances, custom tilework, abundant cabinetry, and generous prep space, flowing seamlessly into the open living and dining areas—perfect for everyday living and entertaining alike. The spacious primary suite offers a private retreat with a luxurious bath featuring a custom double vanity, designer tile, and a relaxing whirlpool tub. A dedicated laundry area with washer and dryer included adds everyday convenience. Extending the living space is a versatile 364-square-foot enclosed porch, ideal as a sunroom, studio, or gathering space while taking in the tranquil views of the surrounding landscape. Designed with equestrian enthusiasts and hobby farmers in mind, the property includes multiple storage sheds, a substantial metal barn ideal for hay storage or horse shelter, and a convenient carport. Whether you're seeking a peaceful country residence, a horse property, or a private retreat with valuable water rights, this exceptional offering combines rural serenity, practical amenities, and modern comfort in one remarkable package. Call us for a private tour!

Highlights

  • Residential
  • Manufactured Home
  • Built in 1997
  • 1.5 Acre Lot
  • 113 days on Market

  • Bedrooms
    3
  • Bathrooms
    2
  • Year Built
    1997
  • Stories
    1.0
  • Architectural Style
    Manufactured Home
  • Construction Materials
    Other
  • Parking Features
    Gravel, Attached Carport
  • Living Area
    1624.0
  • Interior Features
    Ceiling Fan(s)
  • Appliances
    Dryer, Refrigerator, Washer, Gas Range, Gas Oven
  • Flooring
    Carpet, Wood
  • Patio And Porch
    Covered, Porch
  • Cooling
    Ceiling Fan(s)

  • Acres
    1.5
  • Utilities
    Cable Available, Natural Gas Available, Electricity Connected
  • Water
    Well

  • Area
    RANCHOS DE TAOS (36A)
  • County
    Taos
  • City
    Taos
  • Neighborhood
    None
  • Zip Code
    87571

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Frequently Asked Questions

How do I schedule a tour of 245 State Road 240?

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 245 State Road 240.

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 245 State Road 240?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $425,000. We can talk through recent upgrades, potential seller motivation, how this manufactured home compares to others in Taos, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 245 State Road 240?

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 245 State Road 240 at around $2,419. 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 245 State Road 240?

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 Taos 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 245 State Road 240?

In most cases, yes. Whether 245 State Road 240 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Taos'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 245 State Road 240?

We can handle that for you. Our preferred local agent specializes in residentials in Taos 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 $425,000 with 1,624 sqft of space—that comes out to approximately $262 per square foot.

How long has this property been on the market?

245 State Road 240 was listed on July 25, 2026, which means it's been on the market for 113 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 1997, making it approximately 29 years old.

What is the lot size of this property?

245 State Road 240 sits on a 1.5-acre lot, which is 65,340 square feet.

Is 245 State Road 240 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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Listing information 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Taos County Association of REALTORS. All rights reserved.

Last Updated: November 15, 2026 at 08:15AM | Source: Taos County Association of REALTORS | MLS#: 115413