Betty Houston - Coldwell Banker Legacy
124 Orchard View
Lincoln, NM 88338

Description

WATER, WATER, WATER - THIS IS A DROUGHT-PROOF PROPERTY. Laughing Sheep Ranch is an excellent, drought-proof 84.65 acre paradise in Lincoln, New Mexico. The ranch/farm has 42 acres under irrigation, almost unlimited water rights and Rio Bonito frontage on both sides of the river for approx. 1 mile. This property not only has papered water but millions of gallons of crystal clear sweet spring water from the Capitan Mountains and Bonito Watershed. The current owner has built 6 quaint cabins and a 4500 sq. ft. farm-to-table restaurant that can easily be converted into another residence. The main residence is a 3 bed, 2 bath ranch classic. Four ponds are stocked with trophy-size trout and one with very large bass. This is a magnificent property, located inside of the Lincoln Historical District. 84.65 acres 42 acres under irrigation Unlimited water rights from reserve well 1 mile of both sides of Rio Bonito 5 ponds, stocked with trophy fish. 4 trout ponds, 1 bass pond 42 acres of deeded water rights Main Home Caretaker home 5 cabins 2 apartments 4500 sq. ft. fully equipped restaurant 2 acre orchard Airstrip 2 greenhouses K-Line irrigation system Barn,tack room, shop, round pen and traps Current taxes $2,365.07/yr.

Details

MLS#201803147
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site139

Features

Story(s)NA
Water FrontYes

Loading Form

Loading Form

Area Information

StateNM
CountyLincoln
CityLincoln
Zip Code88338
Area87-Lincoln County
Elementary SchoolUnknown
Middle SchoolUnknown
High SchoolUnknown
Listing VS Median (in 88338)
Price:
$3,163,000
low | high
Med:
$775,000
100% of Average
On Site:
139
low | high
Med:
290
47.931034482759% of Average
Listing Updated: 11/18/2018
MLS Number: 201803147
Listing Provided By:
Travis Driscoll  of  Galles Properties