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A pandemic-driven real estate market has found a buyer for fashion designer Tom Ford’s 20,662-acre Cerro Pelon Ranch near Galisteo, which had been for sale since 2016.

Top-priced Santa Fe real estate pops up a couple times a year. The 3,250-acre Saddleback Ranch, also in Galisteo, closed on Friday on a $8.5 million sale to an undisclosed buyer, who excluded 648 acres from the purchase. The ranch last sold in 2008 for $17.45 million, according to Platinum Luxury Auctions.

In 2019, the 11-acre Casa Alegre residential estate in the foothills north of downtown sold for more than $6.1 million. The sale came minutes before an auction; the property was considered the highest-priced home sale in Santa Fe County in the previous two years and the seventh-highest home sale since January 2000, according to Platinum Luxury Auctions.

A seven-bedroom, 12-bath property on 36 acres at 5200 Old Santa Fe Trail near Zia Road sold in June for $7 million. It was considered one of Santa Fe’s top four highest homes sales in the 21s century, according to the Santa Fe Association of Realtors.

Read the full article by Teya Vitu at the Santa Fe New Mexican HERE.

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