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3402 State Highway 522, Questa, NM, 87556

2beds
2baths
0sqft
$3,490,000
--price/sqft
$20,082/moest. monthly cost
$803,280/yrincome needed

About This Home

Set in a beautiful location beneath Latir Peak, the ±1,301-acre Latir Mountain Ranch offers multiple residences, livestock facilities, a well-appointed shop and ±200 acre-feet of senior water rights. With a stocked pond along with private-land elk authorizations, OTC mule deer hunting, and a heavy year-round wildlife presence, this property delivers a rare blend of exceptional mountain recreation and scenery with true ranch capability.Latir Mountain Ranch includes ±661 deeded acres plus a ±640-acre New Mexico State Land lease, forming a contiguous ±1,301-acre holding at the base of northern New Mexico's Latir Peak. Sharing a border with the Urraca Wildlife Management Area to the north and the Latir Peak Wilderness to the east, this ranch offers the feeling of a quiet, wildlife-filled sanctuary only 10 minutes from Questa. Easily accessed directly off of NM Highway 522, the ranch's terrain transitions from sage and native grass covered meadows to rolling piñon-juniper foothills with expansive views of Latir Peak and the surrounding high country of the Latir Peak Wilderness to the east, Ute Mountain and the Rio Grand Valley to the West, and the towering 14,350 foot Blanca Peak to the north. Latir Mountain Ranch features a host of structures in a layout that is designed for functionality and privacy, all connected by a well-maintained network of gravel roads and dirt two-tracks allowing access from the gated entrance to the highest points on the property. The main residence is a custom 2-bedroom, 2-bath Northern New Mexico-style home featuring hardwood floors, radiant in-floor heat, a wood-burning stove in the living room, and a top-floor master suite with soaking tub and separate shower. A newly-installed composite deck off the master suite captures unobstructed views of the ranch and surrounding landscapes. An atrium, complete with waterfall feature, mature vegetation, and Koi pond adds to the ambiance of the home. Just east of the main residence is a stocked pond which is designed to add to the natural beauty of the property while also serving as a functional holding reservoir for both irrigation and livestock water for the property. The second home is a three-bedroom, two-bath manufactured home. It is finished with log siding, tile countertops, a mixture of tile and carpeted floors, and a wood-burning stove in the living room. The third home is a four-bedroom two-bathroom adobe-style residence. This comfortable home features custom kitchen cabinetry, tile and carpeted floors, and a recently upgraded forced-air heat/AC system. This home is currently occupied by the ranch manager. The custom-designed shop is well-insulated and heated, and sports two high-bay overhead doors, a bathroom with shower, an office area, and a recessed oil-change pit. Originally designed for off-grid capability, the shop also houses a battery array and other infrastructure for nearby solar panels and a large diesel backup generator. Outside of the shop are a detached walk-in meat cooler with processing rack and a pump station for the permitted underground diesel and gas storage tanks. The horse barn is configured with three stalls, each with an outdoor turnout, and a tack room. There is room for four additional stalls; this area is currently used for hay and feed storage. The barn has electricity and a frost-free hydrant. A large greenhouse, currently utilized as an equipment storage shed, also includes a studio apartment with a half bath and kitchenette. Boasting ±200 acre-feet of pre-1907 adjudicated water rights, Latir Mountain Ranch makes use of extensive water-related infrastructure and improvements. A recently-installed seven-tower center pivot irrigates approximately 64 acres, while another pasture is flood irrigated via gated pipe. **Buyer to verify all measurements, dimensions and listing information The ranch's location, bordering both the 20,000+ acre Latir Peak Wilderness and 13,000+ acre Urraca Wildlife Management Area, and along a natural elk and deer migration corridor between the high country and lower Rio Grand basin practically guarantees exceptional year-round wildlife activity-this is the honey-hole you've been looking for! Herds of elk, trophy-class mule deer, turkey, and even the occasional bighorn sheep are drawn in by the numerous wildlife-specific habitat improvements on the property, including two automatic feeders, multiple large food plots, and well-distributed water. Four strategically placed hunting blinds, including two elevated Redneck Blinds, ensure that hunters can take advantage of this wildlife presence. Latir Mountain Ranch is situated in GMU 53, where landowners have access to over-the-counter private-land mule deer tags. The ranch receives multiple elk authorizations annually through New Mexico's EPLUS private land elk management system. In 2025, it received a total of 6 elk authorizations - 3 mature bull, 1 either-sex archery, and 2 antlerless. The pond is stocked with trout and provides year-round fishing and enhances the ranch's recreational appeal. The Special Trout Waters of Costilla Creek are less than 30 minutes from the property and offer Rio Grande Cutthroat, rainbow, and brown trout. With its direct access to the Latir Peak Wilderness, the property offers outstanding opportunities for hiking, horseback riding, backcountry exploration, and high-country recreation in an area known for its rugged high-altitude peaks, including seven peaks over 12,000 feet, and its diverse landscape featuring forested slopes, wildflower-filled meadows, and alpine lakes. Latir Creek originates high in the wilderness and flows just beyond the southeast corner of the state lease land. The ranch's agricultural infrastructure supports efficient hay and livestock production. The center pivot and flood-irrigated portions of the ranch allow for hay production as a supplement to the native grass and sage-covered pastures. The property is fully fenced and cross-fenced, making it suitable for horses or a small cattle operation. Fencing is extensive and well maintained, with 10 individual pastures available on the deeded acreage and five additional pastures on the state lease. Livestock working facilities include corrals, a loading chute, and multiple livestock waterers fed by frost-free water hydrants. The property is served by three wells providing irrigation, residential, and livestock water. Approximately ±200 acre-feet of pre-1907 adjudicated water rights tied to roughly 91 irrigated acres convey with the sale. Mineral rights, if any, will convey as owned. Latir Mountain Ranch benefits from experienced ranch management already in place, providing year-round oversight of livestock operations, irrigation systems, pasture rotation, property maintenance, and hunting. The ranch manager has taken care of this ranch for over 7 years and is interested in staying on with new ownership, if desired. The Latir Valley experiences four-season mountain conditions, with mild summers, crisp autumns, and winter snowfall that supports excellent recreation across the region. Sitting at roughly 7,800 feet, the area offers cool mountain air, abundant sunshine, and dramatic views of the surrounding peaks. Outdoor enthusiasts enjoy easy access to Taos Ski Valley, Red River Ski Area, and Angel Fire Resort, all within a short drive and offering downhill skiing, snowboarding, snowmobiling, and extensive cross-country trails. Summer and fall bring exceptional hiking, backpacking, horseback riding, and mountain biking opportunities in the surrounding national forest and wilderness. This part of northern New Mexico was once encompassed by historic land grants, and the landscape still reflects that legacy with its open spaces, ranching culture, and deep connection to the region's high-country terrain. The ranch lies approximately 9 miles north of Questa, NM and roughly 11 miles south of Costilla, NM, with direct, year-round access from NM Highway 522. The Colorado state line is approximately 12 miles north, reached in about 15 minutes. Taos is approximately 35 minutes south, Red River about 25-30 minutes southeast, Angel Fire roughly 1 hour to the southeast, Santa Fe is about 2 hours to the south. Alamosa, Colorado is about 1 hour 35 minutes to the north. Regional airports in Alamosa and Santa Fe offer commercial flights, while Taos Regional Airport accommodates private aviation. Questa and Red River offer most amenities including restaurants, groceries, and hardware stores. Full amenities, shopping and medical care are available in Taos, Santa Fe and Alamosa.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Schools

6/10
6/10
Questa Jr High SchoolGrades 7-87.2 mi
--
Questa High SchoolGrades 9-127.2 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area above ground: 0

Interior Area

  • Total structure area: 0

Property

Details

  • Lease amount: 0

Features

  • Frontage length: 0

Lot

  • Lot size: 1,301 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Wildfire
    WildfireVery High
  • Winter Weather
    Winter WeatherVery High
  • Avalanche
    AvalancheModerate
  • Drought
    DroughtModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Avalanche
Drought
Landslide

FEMA Declared Disasters in Taos County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $17,647$211,764
Home Insurance *$1,299$15,588
Property Taxes $988$11,856
Electricity $148$1,780
Total$20,082$240,984
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$688,525/yr
40% on housing$602,460/yr
45% on housing$535,520/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.2%
10.2%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -5.9%
-5.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 87556$166
Taos County$292

vs Homes Sold Last Month

Median $/sqft

ZIP 87556$245
Taos County$285

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-26Price change$3,490,000
2025-11-19Listed for sale$3,750,000
2020-12-11Listing removed$2,790,000
2020-11-15Price change$2,790,000
2020-05-27Price change$2,690,000
2020-04-17Listed for sale$2,900,000

For Sale by Agent

AgentLauren Fitchl
BrokerageHayden Outdoors Real Estate

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