One a kind lush valley property, the type you rarely find anymore, right in downtown Espanola! 5.268 acres and heavily treed. Let you imagination run wild...Want a horse ranch? Or how about an organic farm, vineyard, mobile home park, family compound or just a stellar estate? Not a problem! This property offers a multitude of possibilities with no covenants and 12.46 acre feet of water rights convey. Keep or sell. Structure is uninhabitable and will have to be either restored or razed. Perfect investment property and/or an excellent 1031 Exchange. Also listed as MLS 201905132: Plated and approved subdivision of 19 lots up to 0.294 acres, but S/D must be on city water. Put in infrastructure and sell lots or build. Or build your dream home sequestered in a grove of mature trees. Seller is motivated!