Beautiful 3-Acre Property with Water Rights in Peñasco, NM Discover the beauty and tranquility of Northern New Mexico on this approximately 3-acre parcel along Camino de la Acequia Madre in Peñasco. The property features water rights and beautiful, expansive views of the Sangre de Cristo Mountains. Enjoy a peaceful rural setting while remaining conveniently close to Peñasco High School and local Peñasco amenities. A great opportunity to own acreage with water rights, mountain views, and the natural beauty and character of the Peñasco Valley.