




24554 Us Highway 84, Cebolla, NM, 87518
About This Home
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.
Getting Around
Schools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Farm
Interior
Basement
- Area: 0
Features
- Finished area above ground: 0
Heating
- Heating features: Electric
Interior Area
- Total structure area: 0
Property
Details
- Lease amount: 0
Features
- Has view: Yes
- View description: Pond
- Has water view: Yes
- Water view: Pond
- On waterfront: Yes
- Waterfront features: Creek,Pond
Lot
- Lot size: 1,154 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
- Lightning
- Wildfire
- Winter Weather
- Drought
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Rio Arriba County and New Mexico
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,133 | $169,596 |
| Home Insurance * | $1,365 | $16,380 |
| Property Taxes | $512 | $6,144 |
| Electricity | $148 | $1,780 |
| Total | $16,158 | $193,896 |
Income You'd Need if You Spent...
New Mexico FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-09 | Listed for sale | $2,850,000 |
