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196 Circle Drive

Santa Fe, NM 87501

10 beds
11 baths
8,306 sqft
~11 acre lot
$1,805 per sqft
1930 build
– on site

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.

Listing courtesy of SFARMLS / Stephanie Duran / Barker Realty, LLC

Last checked: Checking… • Last updated Apr 1, 2025 •

MLS# 202501197 —

The Building

Year Built:

1930
Year Built Source:

Assessor
Architectural Style:

Pueblo
Construction Materials:

Adobe,Frame,Stucco
Levels:

Two
Stories:

2
Roof:

Flat,Foam
Basement:

true
Basement:

CrawlSpace
Foundation Details:

Basement
Security Features:

SecuritySystem,FireAlarm,SecurityGate,HeatDetector,SmokeDetectors
Window Features:

InsulatedWindows
Accessibility Features:

NotAdaCompliant
Green Energy Efficient:

WaterHeater
Building Area Total:

12208.0

Interior

Interior Features:

BeamedCeilings,InteriorSteps,WineCellar
Flooring:

Brick,Stone,Vinyl,Wood
Fireplace:

$true
Fireplaces Total:

20
Fireplace Features:

Kiva,WoodBurning

Room Dimensions

Living Area:

8306.0
Living Area Units:

SquareFeet
Living Area Source:

Appraiser

Financial & Terms

Lease Considered:

false

Location

Directions:

North on Bishop's Lodge Rd, turn left on Circle Drive, house is on the left.
Latitude:

35.7214655
Longitude:

-105.9194575

The Property

Parcel Number:

010637184
Property Type:

Residential
Property Subtype:

SingleFamilyResidence
Property Subtype Additional:

Detached,SingleFamilyResidence
Lot Features:

DripIrrigationBubblers
Lot Size Acres:

11.3
Lot Size SqFt:

492228.0
Lot Size Area:

11.3
Lot Size Source:

Assessor
Lot Size Units:

Acres
Horse:

true
Other Structures:

GuestHouseDetached,Outbuilding,Storage
Other Equipment:

IrrigationEquipment
Waterfront:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Legal Description:

TRACT C, 7.957 AC. S7 T17N R10E

Beds

Bedrooms Total:

10

Baths

Total Baths:

11
Full Baths:

3
Three Quarter Baths:

4
Half Baths:

4

The Listing

Virtual Tour URL Branded 2:

https://youtu.be/fF7zy7Zojxw
Virtual Tour URL Unbranded 2:

https://youtu.be/fF7zy7Zojxw

Heating & Cooling

Heating:

ForcedAir,Fireplaces,NaturalGas,RadiantFloor
Heating:

true
Cooling:

true
Cooling:

CentralAir,Refrigerated,SeparateMeters

Utilities

Utilities:

HighSpeedInternetAvailable,ElectricityAvailable
Sewer:

PublicSewer,SepticTank
Water Source:

Cistern,Public,Private,Well
Green Water Conservation:

LowFlowFixtures,RainWaterCollection

Appliances

Appliances:

Dryer,Dishwasher,GasCooktop,Disposal,GasWaterHeater,Microwave,Oven,Range,Refrigerator,WaterSoftener,WaterHeater,WaterPurifier,Washer,TanklessWaterHeater

Schools

Elementary School:

Carlos Gilbert
Middle Or Junior School:

Milagro
High School:

Santa Fe

The Community

Association Amenities:

Gated,Pool,RvParking,SpaHotTub,Storage,TennisCourts,Trails
Pool Features:

Fenced,Filtered,Gunite,GasHeat,Heated,InGround,OutdoorPool,Other,Pool,SeeRemarks,Association
Association:

false

Parking

Garage:

true
Garage Spaces:

6.0
Attached Garage:

false
Parking Total:

6.0
Parking Features:

Detached,Garage

Monthly cost estimate

Asking price

$15,000,000

Expense	Monthly cost
Mortgage	$80,320
Taxes	N/A
Insurance	$4,125
Utilities	$334 See report
Total	$84,779/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Xfinity

Provided by BroadbandNow®

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This house located in Vista Encantada, Santa Fe, NM 87501 is currently for sale for $15,000,000. 196 Circle Drive is a 8,306 square foot house with 10 beds and 11 baths that has been on Estately for 3 days. 196 Circle Drive is in the Vista Encantada neighborhood of Santa Fe.

This IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the SANTA FE ASSOCIATION OF REALTORS®.