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For sale
  • $15,000,000

    196 Circle Dr, Santa Fe, NM 87501

    10beds
    12,208sqft
    : 
    Single Family Residence
    Built in 1930
    11.3 Acres Lot
    $-- Zestimate®
    $1,229/sqft
    $-- HOA

    What's special

    Historic charmPrivate tennis courtBreathtaking acresHeated outdoor poolModern sophisticationStone-lined walking trailsResort-like grounds
    Experience the rare opportunity to own a meticulously restored piece of Santa Fe’s history. Just minutes from the Plaza, Casa Alegre, originally built in 1931 by Governor John Dempsey, stands as a timeless adobe estate that seamlessly blends historic charm with modern sophistication. Set on 11 breathtaking acres, this exceptional property features a stately six-bedroom main residence, exquisitely renovated to preserve its architectural integrity while incorporating the finest contemporary comforts. Three private guest houses provide additional generous accommodations, making this an ideal retreat for family, friends and distinguished guests. The estate’s resort-like grounds are a true sanctuary, featuring a heated outdoor pool, a private tennis court and stone-lined walking trails that wind through the lush landscape. The grounds include an abundance of trees, along with a bountiful organic garden and orchard. An aggregate of 20 fireplaces are experienced throughout the estate. Steeped in history, Casa Alegre has been home to a succession of distinguished owners following Governor Dempsey, including an heir to the Weyerhaeuser timber fortune and a member of the Martini & Rossi family. Following a period of limited enhancement, Robert and Miriam Knutson, founders of Education Management Corporation, embarked on a four and a half-year, $18 million restoration of the compound in 2004, enlisting master artisans, architects, and craftsmen to revive the estate to perfection. Their meticulous efforts ranged from restoring infrastructure, building intricate rock walls, to curating 64 distinct window styles that honor the home’s original character. Lovingly maintained by its current owners, Casa Alegre has served as the backdrop or cherished family gatherings and elegant philanthropic events. A rare jewel in Santa Fe’s real estate landscape, this extraordinary estate offers an unrivaled opportunity to own a piece of history, beautifully reimagined for modern luxury living.
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    Zillow last checked: 7 hours ago

    Listing updated: April 01, 2025 at 05:53am

    Listed by:

    Stephanie Duran 505-204-2491,

    Barker Realty, LLC 505-982-9836,

    Amanda Godlove Erwin 505-372-5500,

    Barker Realty, LLC

    Source: SFARMLS,MLS#: 202501197MLS LogoOriginating MLS: Santa Fe Association of REALTORS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 196 Circle Dr.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 11
    • Full bathrooms: 3
    • 3/4 bathrooms: 4
    • 1/2 bathrooms: 4
    Heating
    • Forced Air, Fireplace(s), Natural Gas, Radiant Floor
    Cooling
    • Central Air, Refrigerated, Separate Meters
    Appliances
    • Included: Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Water Softener, Water Heater, Water Purifier, Washer, TanklessWater Heater
    Features
    • Beamed Ceilings, Interior Steps, Wine Cellar
    • Flooring: Brick, Stone, Vinyl, Wood
    • Windows: Insulated Windows
    • Basement: Crawl Space
    • Number of fireplaces: 20
    • Fireplace features: Kiva, Wood Burning
    Interior area
    • Total structure area: 12,208
    • Total interior livable area: 12,208 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Detached, Garage
    • Garage spaces: 6
    Accessibility
    • Accessibility features: Not ADA Compliant
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: Fenced, Filtered, Gunite, Gas Heat, Heated, In Ground, Outdoor Pool, Other, Pool, See Remarks, Association
    Lot
    • Size: 11.3 Acres
    • Features: Drip Irrigation/Bubblers
    Details
    • Additional structures: Guest House Detached, Outbuilding, Storage
    • Parcel number: 010637184
    • Other equipment: Irrigation Equipment
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Pueblo
    • Property subtype: Single Family Residence
    Materials
    • Adobe, Frame, Stucco
    • Foundation: Basement
    • Roof: Flat,Foam
    Condition
    • Year built: 1930

    Utilities & green energy

    • Sewer: Public Sewer, Septic Tank
    • Water: Cistern, Public, Private, Well
    • Utilities for property: High Speed Internet Available, Electricity Available
    Green energy
    • Energy efficient items: Water Heater
    • Water conservation: Low-Flow Fixtures, Rain Water Collection

    Community & HOA

    Community
    • Security: Security System, Fire Alarm, Security Gate, Heat Detector, Smoke Detector(s)
    HOA
    • Has HOA: No
    • Amenities included: Gated, Pool, RV Parking, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s)
    Location
    • Region: Santa Fe

    Financial & listing details

    • Price per square foot: $1,229/sqft
    • Tax assessed value: $6,553,085
    • Annual tax amount: $40,293
    • Date on market: 4/1/2025
    • Listing terms: Cash,Conventional,1031 Exchange,New Loan
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