Rarely does a 40 acre horse property come on the market with such proximity to town. Well located at the east end of Bonanza Creek Road, it's close to the Cerrillos Hills State Park and the Thal Equine veterinary practice. The 3 bedroom/2 bath, 2,964 square feet, passive solar adobe home was built in the 1980s. It sits slightly above and with a good view of the barn and arena. It features a large open living, dining and kitchen area, and two bedroom wings, each with its own adjoining passive solar greenhouse room. There is an adjoining two car garage and several large pantry, tack and storage rooms. A new heating and air-conditioning system has just been installed. The one bedroom adobe apartment, which adjoins the barn, is 792 square feet and is close to the western boundary of the property. The approximately 5,200 square feet adobe barn has five stalls with pipe turnouts facing east and hay storage or more stalls on the west side. There is a large octagonal roping arena near the entrance which is well-sited for local competitions or clinics. There is also a large horse pasture that follows the contours of the arroyo shaded by Russian olive trees. The property consists of three legal lots ranging from 5 to 21 acres in size.