Perhaps one of the most sought after gentlemen's ranches in New Mexico. Nestled in a bowl of natural outcroppings, this ranch has the most stunning views of Sierra Blanca Mountain and the Capitan Mountains. This ranch is unique in the fact that it encompasses the Rancho De Caballos Subdivision in it's entirety and an additional 270 acres of ranch land. Also included in this package are two (2) brand new custom homes with the finest of finishes and upgrades. If that's not enough, there is a 180x300 pipe roping arena with return ally. This ranch offers a rare blend of stunning natural beauty, high quality improvements and the tremendous potential for livestock production, hunting, and recreation. Large mule deer bucks and B&C bull elk have been seen on this property.
New construction
$4,200,000
331 Pine Lodge Rd, Capitan, NM 88316
3beds
2,500sqft
Est.:
Single Family Residence
Built in 2023
594 Acres Lot
$-- Zestimate®
$1,680/sqft
$-- HOA
What's special
- 120 days |
- 246 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: January 21, 2026 at 09:51am
Listed by:
Keli L. Cox 575-937-4616,
Zia Real Estate 575-258-8656
Source: RLCMLS,MLS#: 133164
Originating MLS: Ruidoso Lincoln County Association of REALTORS
Originating MLS: Ruidoso Lincoln County Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Rooms
- Room types: Dining Room, Family Room, Office
Heating
- Forced Air, Fireplace(s), Natural Gas
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Bar Fridge, Convection Oven, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s), Wine Refrigerator
Features
- Breakfast Bar, Ceiling Fan(s), In-Law Floorplan, Primary Downstairs, Open Floorplan, Pantry, Recessed Lighting, Main Level Primary
- Flooring: Carpet, Wood
- Number of fireplaces: 1
- Fireplace features: Wood Burning
- Furnished: Yes
Interior area
- Total interior livable area: 2,500 sqft
Property
Parking
- Parking features: Circular Driveway, Driveway, Garage, Gravel
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Covered, Front Porch
- Exterior features: Built-in Barbecue, Barbecue, Courtyard, Outdoor Kitchen, Rain Gutters, RV Hookup
- Fencing: Fenced,Partial
- Has view: Yes
- View description: Mountain(s), Panoramic
- Waterfront features: None
Lot
- Size: 594 Acres
- Features: Cleared, Level, Views
Details
- Additional structures: Arena
- Parcel number: 4077047493295000000
- Zoning: Rural
- Horse amenities: Pasture, Arena
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain,Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Stone Veneer, Stucco
- Roof: Metal,Pitched
Condition
- New Construction
- New construction: Yes
- Year built: 2023
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Underground Utilities, Water Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Security Gate
- Subdivision: Metes & Bounds
Location
- Region: Capitan
Financial & listing details
- Price per square foot: $1,680/sqft
- Annual tax amount: $10,000
- Date on market: 9/21/2025
- Cumulative days on market: 124 days
- Listing terms: Cash,Conventional,1031 Exchange
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
$3,111/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2025 | Listed for sale | $4,200,000-13.4%$1,680/sqft |
Source:  RLCMLS #133164 Report a problem | ||
| 8/6/2023 | Contingent | $4,850,000$1,940/sqft |
Source: RLCMLS #129726 Report a problem | ||
| 6/14/2023 | Listed for sale | $4,850,000$1,940/sqft |
Source: RLCMLS #129726 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,413 +7% | -- |
| 2023 | $2,256 -3.6% | -- |
| 2022 | $2,339 -37.7% | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$19,646/mo
Principal & interest
$16286
Property taxes
$1890
Home insurance
$1470
Climate risks
Neighborhood: 88316
Nearby schools
GreatSchools rating
- 6/10Capitan Elementary SchoolGrades: PK-5Distance: 2.8 mi
- 5/10Capitan Middle SchoolGrades: 6-8Distance: 2.7 mi
- 9/10Capitan High SchoolGrades: 9-12Distance: 2.7 mi
