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For sale
  • $9,495,000

    398 Pine Lodge Rd, Capitan, NM 88316

    6beds
    9,978sqft
    : 
    Ranch
    Built in 2022
    140 Acres Lot
    $-- Zestimate®
    $952/sqft
    $-- HOA

    What's special

    Cozy fireplacesProcessing and breeding areasHigh-end functionalityThoughtfully designed barnDedicated veterinary suiteFamily-friendly living spacesExceptional multi-use space
    Welcome to Crown T Estate—a truly extraordinary opportunity where expansive skies, rolling terrain, and the rugged beauty of New Mexico converge. Situated on 140± acres within Lincoln County’s prestigious Ranchos de Caballos Estates, this unfinished yet exceptional 9,978± sq ft custom home offers both scale and vision. Built to showcase the expansive views of Sierra Blanca and the Capitan Mountains, the three-story residence—begun in 2022—is approximately 85% complete. With key infrastructure complete, skip the long wait times and skyrocketing construction costs. New builds in this region can take 2–3+ years and incur hundreds of thousands in soft costs before construction even begins. Instead, customize the finishes, fast-track your timeline, and create your forever escape. With architectural renderings available for review. Most of the essential materials have been carefully selected, purchased, and are currently stored on the property. From cozy fireplaces to view-filled windows and family-friendly living spaces, the home was thoughtfully planned for both warmth and connection. Over 6,500 sq ft on the main level provides ample space for multi-generational living, entertaining, or creating a full ranch-style compound. Crown T Estate offers the scale, setting, and flexibility to bring your vision to life. A thoughtfully designed barn offering both high-end functionality and exceptional multi-use space, this well-appointed facility overlooks a potential arena site and features spacious 14’ x 14’ stalls, providing ample room and comfort for horses and other livestock. Spanning approximately 5,716± sq ft (buyer to verify), the barn blends practical utility with modern comfort—making it ideal not only for ranch operations but also as a flexible venue for entertainment, guest accommodations, and workspace. Equipped with a dedicated veterinary suite, the barn supports great on-site animal care. Processing and breeding areas enhance operational efficiency for livestock management, while the potential arena location makes this an excellent setup for training, competition preparation, or recreational riding. In addition to its residential and recreational elements, the barn includes substantial space for equipment storage, feed, and tack. This facility delivers the infrastructure and versatility to support both a fully functioning ranch and a multi-purpose lifestyle hub. Whether you're managing livestock, hosting guests, or crafting a personalized living or working environment, this barn is built to exceed expectations. Located in Game Management Unit 37 (GMU 37), this property sits in prime big game country, offering exceptional hunting and wildlife opportunities. The diverse terrain provides excellent habitat for elk, mule deer, antelope, and Barbary sheep, drawing a wide range of game throughout the seasons. The area is especially well known for producing trophy bull elk and pronghorn, making it a highly sought-after destination for big game hunters. With the property bordering New Mexico State Land, it opens access to even broader areas for hunting, glassing, and recreation—expanding the opportunities well beyond the deeded acreage. Ranchos de Caballos Estates, is one of New Mexico’s premier large-acreage communities, known for its privacy, natural beauty, and expansive views. This exclusive setting offers seclusion without sacrificing convenience. Saddle up for a morning ride, host unforgettable gatherings with mountain backdrops, or unwind under New Mexico's star-filled skies. 398 Pine Lodge Rd offers scale, serenity, and limitless potential—all in one of New Mexico’s most scenic, storied regions. Whether you're a hunter, a horse lover, or just seeking a peaceful, private haven to reconnect with nature, this property offers unmatched opportunity.
    125 days
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    621
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    26
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    Zillow last checked: 8 hours ago

    Listing updated: December 18, 2025 at 07:47am

    Listed by:

    Dan Murphy 970-209-1514,

    M4 Ranch Group 970-944-4444

    Source: New Mexico MLS,MLS#: 20255411MLS Logo

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 8
    • Full bathrooms: 5
    • 1/2 bathrooms: 3
    Features
    • Number of fireplaces: 2
    Interior area
    • Total structure area: 9,978
    • Total interior livable area: 9,978 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached
    • Attached garage spaces: 3
    Lot
    • Size: 140 Acres
    • Features: Irregular Lot
    Details
    • Parcel number: 4078047504273000000

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Ranch
    Condition
    • Under Construction
    • New construction: No
    • Year built: 2022

    Community & HOA

    HOA
    • Has HOA: Yes
    Location
    • Region: Capitan

    Financial & listing details

    • Price per square foot: $952/sqft
    • Annual tax amount: $17,474
    • Date on market: 9/18/2025
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $4,442/mo

    Price history

    Price history
    DateEventPrice
    9/16/2025Listed for sale$9,495,000$952/sqft
    Source: RLCMLS #133142 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $44,414/mo
    Principal & interest
    $36818
    Property taxes
    $4273
    Home insurance
    $3323

      Climate risks

      Neighborhood: 88316

      Nearby schools

      GreatSchools rating