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$2,795,000
Set on 8.5+/- wooded acres where the Rio Chama runs along the Western boundary, the ''Elkhorn Lodge'' is one of the most distinctive riverfront properties in Northern New Mexico and one of the only lodging properties in the Chama Valley with direct river frontage.Established in 1951 and operating continuously ever since, the lodge has been a fixture of the Chama Valley for seventy-five years, serving generations of travelers as both a mountain retreat and a community gathering place. It sits at the Southern gateway to Chama Village on US Highway 84, the first lodging property every visitor passes on the way into town. With a classic ranch-style entrance, mature cottonwoods and pines shading grass-covered grounds, and open views to the Cumbres Mountains to the North. The property is operational today and under professional management, offering a new owner a running business rather than a project.The offering includes 36 accommodation units across three distinct product types: 22 motel-style rooms with private baths and private porches, 12 individually themed country cabins with full kitchens sleeping two to ten guests, and two seasonal units, complemented by a full-hookup RV site and eight dry campsites. Guests enjoy a covered events pavilion, a riverfront fire pit, two horse corrals, a dog-friendly river trail, a children's play area, barbecue grills, and trout fishing steps from the door. A 1,200+/- square-foot two-bedroom owner's/manager's quarters allows an owner-operator to live on site.The location is the property's quiet advantage. The Cumbres & Toltec Scenic Railroad, a National Historic Landmark and one of the last surviving narrow-gauge steam railroads in America it's only 2.7 miles away. Sargent Wildlife Management Area is 3.8 miles, Heron Lake State Park is just up the road, and Ghost Ranch and Georgia O'Keeffe's Abiquiu country lie 43 miles south. Three national forests, blue-ribbon trout water, and some of New Mexico's best elk and mule deer country surround the valley. That mix draws four distinct groups of travelers, anglers, hunters, outdoor recreation visitors, and cultural travelers. On top of the railroad's national following, giving the valley unusually well-rounded demand for a town its size. Frommer's Travel Book has called Chama ''New Mexico's undiscovered Durango -- without the masses.''Seventy-five years of history, an irreplaceable riverfront setting, and real room for a new owner to leave their mark. A rare opportunity for someone to take this property to the next level.

2663 U.S. 84, Chama
$94,000
Prime Downtown Chama Commercial Opportunity! Positioned directly across from the historic Cumbres & Toltec Scenic Railroad, this .16-acre commercial lot offers outstanding visibility in the heart of one of Northern New Mexico's most popular mountain destinations. The renowned steam railroad draws visitors from across the country to Chama, creating seasonal tourism and foot traffic just steps from the property.Surrounded by local shops, restaurants, lodging and downtown attractions, this location offers exciting potential for a variety of commercial uses. Consider a coffee shop, retail storefront, food or beverage concept, tourism-related business, office, or other venture designed to serve both visitors and the local community.Beyond downtown, Chama is a year-round destination known for its spectacular mountain scenery, fishing, hunting, hiking, camping and outdoor recreation. Opportunities to secure commercial land this close to Chama's signature attraction are limited--bring your vision and become part of this unique mountain community!

555 Terrace Avenue, Chama
$6,950,000
Enter your own private enchanted forest at Old Canones Creek Ranch near Chama, New Mexico. Four trout-filled ponds, two creeks, and lush landscaping surround the custom adobe Northern New Mexico-style main home and guest home, both thoughtfully designed with artistic details, extensive stonework, and timeless character. A custom stone and log gazebo, historic renovated log cabins, guest lodge, maintenance barn, and equipment shelter complete the impressive improvements. The 44.75-acre ranch features dense forest, a large central meadow, and abundant wildlife, including elk and mule deer. Located near Chama and Tierra Amarilla at 7,800 feet elevation, the ranch comes fully furnished and equipped for immediate enjoyment, offering privacy, recreation, and a peaceful mountain retreat.

220 County Road 342, Chama
$75,000
Escape to the wide-open beauty of northern NM with this exceptional vacant land opportunity near Heron Lake in Tierra Amarilla This property offers breathtaking Mountain scenery, expansive skies, and peaceful privacy surrounded by the natural beauty of the region. Ideal for a future homesite, recreational retreat, or investment property.

XX U.S. Highway 64, Chama
$524,900
3 Beds ⋅ 2 Baths
Escape to the serenity of mountain living with this stunning newer home set on wide-open space and surrounded by breathtaking natural beauty. Nestled in a peaceful, private setting, this property offers the perfect blend of modern comfort and rural charm. Designed with both lifestyle and functionality in mind, this home is a dream for horse lovers, featuring ample space to accommodate animals and enjoy the outdoors. The expansive land provides endless possibilities-from riding and recreation to simply soaking in the quiet, scenic surroundings. Car enthusiasts and hobbyists will love the dedicated space ideal for a mechanic, offering room to work, build, and store with ease. This is perfect for a private retreat, a place to embrace county living, or a property with room to grow!

41 Elk Drive, Chama
$335,000
5 Beds ⋅ 4 Baths
Seller financing considered! Tucked away in the scenic beauty of Chama, 18 Private Drive offers a unique and versatile opportunity just moments from the Rio Brazos. Priced at $375,000 and likely suited for cash buyers, this .5-acre property features two residences with separate utilities. The first is a 2 bed, 1 bath home (~900 sq ft), while the second, built in 2020, offers 3 bedrooms, 2.5 baths (~1,440 sq ft) on a permanent foundation. A powered 20x20 detached garage adds functionality, along with a 200-amp backup generator servicing both homes. Enjoy access to a community pond for fishing, no HOA, and endless potential for income, multi-generational living, or a private Northern New Mexico retreat.

18 Private Drive Unit A & B, Chama
$1,595,000
El Barranco East is a stunning 270+/- acre property in northern New Mexico, located between Tierra Amarilla and Chama, near the confluence of the Brazos and Chama Rivers. It offers over a mile of year-round highway frontage, a metal barn with water and electricity, water rights, and a stock pond supporting livestock and wildlife. Elk and mule deer frequent the property, which participates in the EPLUS program for hunting access. Its location and attributes make it ideal for a private estate, hunting retreat, development, or conservation easement. Just 90 minutes from Santa Fe and an hour from Pagosa Springs, it offers scenic views and investment potential.

16853 US-84, Chama

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-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.