About 1604 Juan Perea Road
Are you looking for something you can live on, or something you can turn into a serious investment? Property has irrigation rights through MRGCD,Because this one gives you both. You have over 5 acres in Los Lunas, and the positioning is what makes it stand out. The property backs up to commercial, which opens the door to rezoning or a mixed use play. You are not stuck with one path here.Now think about this from a development angle. A sewer line runs through the middle of the property. That changes everything. It gives you the ability to subdivide into multiple lots, up to 20 plus depending on layout and approvals. That is where investors start paying attention.You could take it further. Build commercial on the ground level and residential above. Small retail, office, or service use below,
Features of 1604 Juan Perea Road
| MLS® # | 1101420 |
|---|---|
| Price | $549,900 |
| Original Price | $949,000 |
| Price Per Sq.Ft. | $611 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 900 |
| Acres | 1.00 |
| Year Built | 1959 |
| Type | Residential |
| Sub-Type | Detached |
| Style | A-Frame |
| Status | Active |
| Is Green | No |
| Guest House | No |
Community Information
| Address | 1604 Juan Perea Road |
|---|---|
| Area | 700 - Los Lunas |
| Subdivision | Lands Of Henry Perea |
| City | Los Lunas |
| County | Valencia |
| State | NM |
| Zip Code | 87031 |
Amenities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected |
|---|---|
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate, Tile |
|---|---|
| Interior Features | Breakfast Bar, Ceiling Fan(s), Multiple Living Areas, Main Level Primary |
| Appliances | Free-Standing Electric Range |
| Heating | Central, Forced Air |
| Cooling | Evaporative Cooling |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Outside, Wood Burning |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior Features | Private Yard |
|---|---|
| Windows | Clad, Metal, Single Pane |
| Roof | Shingle |
| Construction | Adobe, Brick Veneer |
| Builder | Unknow |
School Information
| Elementary | Ann Parish |
|---|---|
| Middle | Los Lunas |
| High | Los Lunas |
Additional Information
| Date Listed | April 10th, 2026 |
|---|---|
| Days on Market | 152 |
| RE / Bank Owned | No |
| Finance Considered | Cash, Conventional, FHA, VA Loan |
| Current Taxes | $599 |
Rooms
| Room Name | Length | Width | Level |
|---|---|---|---|
| Living Room | 19 | 12 | Main |
| Kitchen | 17 | 12 | Main |
| Primary Bedroom | 14 | 14 | Main |
| Bedroom2 | 10 | 12 | Main |
| Bedroom3 | 11 | 9 | Main |
| Family Room | 25 | 12 | Main |
Listing Details
| Office | Equity New Mexico |
|---|