Las Campanas

Las Campanas is a 4,700-acre gated community developed since 1992 into 17 distinct enclaves in the high desert foothills northwest of Santa Fe, each with its own architectural character. Lot sizes range from a third of an acre to five acres, and the community is horse-friendly with equestrian trail access alongside its golf identity. As of this research, homes have traded from roughly $875,000 to over $5.5 million (median around $1.62 million over the trailing 12 months per one market-update source), with undeveloped lots reported separately in the $265,000-$2.4 million range. The community's newest and reportedly final phase, The Village, is described in sourcing as debuting on a preliminary 2026 timeline with 38 custom home sites and 62 new luxury homes -- a detail worth confirming directly given how time-sensitive new-phase information typically is.

Governance runs through the Las Campanas Owners Association, which levies a 2026 master (community-wide) assessment reported at $3,852/year, on top of estate-specific assessments that vary considerably by enclave (reported examples span $4,296/year to $16,092/year across the community's 29 estates). This is a meaningfully wide range, and this record deliberately does not collapse it into a single HOA-fee figure -- a buyer should get the exact combined assessment for any specific property directly from the Owners Association. Community amenities include 24/7 gated security, an equestrian center, and extensive trails, layered alongside (but administratively distinct from) The Club at Las Campanas' private golf, tennis, fitness, spa, and dining facilities.