0 WALLACE Lane, Corrales, NM 87048 (MLS# 1072617) -

0 WALLACE Lane, Corrales, NM 87048

$4,250,000

Property Type: Farm & Ranch Lot Size (sq. ft.): 827,640 Status: Active

Current Price: $4,250,000 List Date: 10/17/2024 Last Modified: 4/28/2026

Overview

Description

Ventana Grande Subdivision presents a rare development opportunity to create a quality community lifestyle in the Village of Corrales. This 19 acre subdivision includes a New Mexico Land Conservancy Easement that is presently being farmed and leased, as well as an Equestrian Easement. First time being offered for sale since 1952! This prime acreage is in a superb Corrales greenbelt location and has so many options and possibilities for quality living and/or development. MRGCD. Seller will discuss, and clarify any water rights that will convey with new owner. For more information please contact Robin Riegor, Broker.

Listing Details MLS# 1072617

Location

Street Name: WALLACE
St Suffix: Lane
County: Sandoval
City/Town Code: Corrales
State/Province: NM
Zip Code: 87048
Directions: Property is located East of Loma Larga and South of Meadowlark. The Equestrian Easement is included in the 19 acres for sale and it is the North border of this property.
MLS Area Major: 130 – Corrales
Zone Atlas: NOZA

General Property Description

Property Sub-Type: Farm
House on Property: No
Included: No
Acres: 19
Lot SqFt: 827640
Lot Size Source: Survey
Apx Deeded Acres: 19
Apx Acres Leased: 9
Subdivided: Yes
Livestock Included: No
Private Hunting: No
State Hunting: No
Title: Fee Simple
Flood Zone: X
Lease Payment $: 0

Tax Legal Info

Subdivision Name: Ventana Grande Subdivision

Sales Info

Trade/Xch Considered: No

Tax & Legal Info

UPC Code: R182210,R182211,R182213,R182214,R182215
Short Legal Desc: Ventana Grande Subdivision
GRT Code: 29-504
Tax Exemption: Yes
Tax Annual Amount: 28

More Information

Utilities

Electricity Available: Yes
Natural Gas Available: Yes

Possession

Day of Funding: Yes

Type Lease

Private: Yes

Livestock

None: Yes

Crops

Hay: Yes
Vegetables: Yes
Other – See Remarks: Yes

Road Frontage Type

See Remarks: Yes

Road Surface Type

See Remarks: Yes

Irrigation Source

Ditch: Yes

Wastewater

None: Yes

Water Source

None: Yes

Improvements

Fenced: Yes

Docs/Data Available

Deed Restictions: Yes
Disclosure Statement: Yes
Existing Leases: Yes
Shared Well Agrmnt: Yes
Survey: Yes
Title Policy: Yes

Topography

Mostly Level: Yes
Terraced: Yes

Timber/Mineral Right

No Mineral Rights: Yes
No Timber Rights: Yes
Partially Wooded: Yes
Conservancy: Yes

Finance Considered

Cash: Yes
Conventional: Yes

Zoning

A-1: Yes

Property Features

Possession: Day of Funding Type Lease: Private Livestock: None Crops: Hay; Vegetables; Other – See Remarks Road Frontage Type: See Remarks Road Surface Type: See Remarks Utilities: Electricity Available; Natural Gas Available Wastewater: None Water Source: None Improvements: Fenced Irrigation Source: Ditch Topography: Mostly Level; Terraced Finance Considered: Cash; Conventional Zoning: A-1

Documents

Plat/Map Survey ›

Listing Office: Sotheby's International Realty

Last Updated: April – 28 – 2026

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.