Pena Blanca is a small village nestled along the Rio Grande valley only 30 minutes between Santa Fe and Albuquerque, NM. The area consists of mainly flat farmland filled with wild grasses, orchards, equestrian properties, beautiful pastures, and amazing views of the surrounding mountain ranges. Only a mile away from the Rio Grande River, you can easily enjoy a beautiful country lifestyle of farming, fishing, nature and wildlife. Or take a 10-minute drive up to Cochiti Lake and enjoy some outdoor water sports on the daily. This sale consists of 2 separate parcels being sold together. The 7.62 acre lot holds 5.62 acre-feet of registered Pre-1907 Water Rights. The 16.03 acres consists of mostly wetland. The land and/or water can be further split, sold, developed, or used for farming, agriculture, or recreational uses. The wetland is a great candidate for a conservation easement, allowing for some tax benefits while providing an opportunity to preserve the land and environment to its natural ecosystem.This property provides a great opportunity with many options. If you're looking for land that's accessible and in a great location, with pre-1907 water rights, this is it!