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About This Home
This 10-bedroom, 11-bathroom single family at 196 Circle Drive in Santa Fe, NM is listed for $12,750,000 ($1,044 per sqft). Built in 1930, the home offers 12,208 sqft of living space on a 11.30 acres lot.
There are estates - and then there are legacies. Originally commissioned in 1931 by Governor John Dempsey, Casa Alegre stands as one of Santa Fe's most storied residential compounds. Just minutes from the Plaza yet unfolding across 11 private acres, the property represents a rare intersection of political history, architectural integrity, and enduring Southwest elegance.
The six-bedroom adobe main residence remains grounded in its original character - thick adobe walls, hand-finished details, and fireplaces that anchor gathering spaces with warmth and permanence. A meticulous four-and-a-half-year restoration in the early 2000s revitalized the estate with extraordinary care, enlisting master artisans to preserve its authenticity while discreetly integrating modern systems and comfort.
The result is not renovation, but stewardship. Three independent guest houses create a true compound - allowing the estate to function as both intimate family retreat and gracious host to distinguished guests. Beyond the residences, the grounds unfold as a private sanctuary: mature trees, curated gardens, orchard, stone walking paths, a tennis court, and a heated pool - each element placed with intention.
The scale is rare. The privacy is complete. The proximity to Santa Fe's cultural center is immediate. Over the decades, Casa Alegre has quietly passed through the hands of notable stewards, each contributing to its preservation. Today, it stands as one of the Southwest's most significant legacy offerings. Private. Historic. Irreplaceable.
Key Features
- Built in 1930
- 11.30 acre lot
- 2 stories
- 6 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$68,190/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
196 Circle Drive
Santa Fe, NM 87501
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 10-bedroom, 11-bathroom single family at 196 Circle Drive is listed at $12,750,000 ($1,044/sqft). The estimated monthly payment is $55,250 based on 20% down at 6.5% interest.
Key features include: Built in 1930, 11.30 acre lot, 2 stories, 6 parking spaces, Fireplace. Interior Features: BeamedCeilings, InteriorSteps, WineCellar.
This property is listed by Stephanie Duran and can be reached at 5052042491 or sduran@santaferealestate.com.



















































