Here is an incredibly rare opportunity to own over 40 private acres of river front property with endless Water Rights! Tucked into the lush Medanales Valley and sited behind tall privacy fencing, enter through the gates to find prime agricultural land fed by the historic Jose V Martinez acequia dating back to 1735. Over 30.5 acre feet of adjudicated ditch rights are complimented by 4 residential wells and two, Year Round Spring Fed Ponds! The water use in these ponds has been grandfathered in and create two additional irrigation ditches flowing to the Chama River. Enjoy 730 feet of river frontage which includes your own private islands on this broad section of the Chama River. There are three well maintained manufactured homes on this family compound totaling 10 bedrooms and 7 full baths. exceptional views, privacy, and endless possibilities. This working ranch has been organically maintained by the current owners for over 34 years with multiple fruit trees, grapes and plum bushes. The solar panels are owned and all farm equipment including two 4 wheel drive trucks, tractor, backhoe, and implements are included in the sale. Appointment required for this one of a kind property!