Privately sited on nearly two acres with sweeping mountain and sky views, this Santa Fe estate offers a level of land, privacy, and guest flexibility that is increasingly difficult to find at this price point. Thoughtfully positioned with generous separation from neighboring properties, the setting alone distinguishes this home as a true estate opportunity rather than a conventional luxury residence. Designed for both comfortable everyday living and extended stays, the main residence features light-filled living spaces with seamless indoor-outdoor flow to multiple portals and patios. The home's generous scale provides flexibility without compromise, whether used as a full-time residence, a second-home retreat, or a multi-generational compound. A true separate guest residence adds significant value and versatility, ideal for visiting family, multi-generational living, a private office or studio, or long-term guests--an increasingly rare feature in today's market.Recent improvements further enhance value and peace of mind, including a paver driveway installed within the past five years, updated water heaters and furnaces, and well-maintained systems throughout. Additionally, the property offers the rare opportunity to assume a mortgage of approximately $750,000 at a 2.25% interest rate, subject to lender qualification--an exceptional benefit in today's interest rate environment. Given today's land availability, construction costs, and extended building timelines, recreating a property of this size, privacy, and guest flexibility would be exceptionally difficult. At an estimated $1,200 per square foot, replacement costs for a home of approximately 6,636 square feet would exceed $7.9 million, excluding land acquisition, site work, and the time required to build--without the benefit of immediate enjoyment. Offered at a newly adjusted price, this property represents a compelling opportunity for buyers seeking space, privacy, flexibility, and long-term value in Santa Fe.