10,175 Acres with Creek, Irrigated, Equine Facilities, Hunting Game, Spring in Lincoln County, Ruidoso, New Mexico

• • • PRICE REDUCED! • • • “HISTORIC” COE RANCH 378.536 Deeded Acres± 640 New Mexico State Lease Acres± 8,556 US Forest Permit Acres± 10,174.536 Total Acres   We are privileged to have obtained the exclusive listing on the “Historic” Coe Ranch, which is located near the small community of Glencoe, approximately 12 miles east of Ruidoso Downs, New Mexico. The Coe Ranch is located minutes away from Ruidoso Downs, home of the world-famous Ruidoso Downs Racetrack and All American Futurity. The All American Futurity takes place annually on Labor Day and is the world’s richest Quarter Horse race. Sierra Blanca Regional Airport with an 8,120 foot runway is only a few miles north of the Coe Ranch. For many years, Ruidoso and the surrounding area have been a major tourist/recreation destination for Texans. Ruidoso offers cool summers and the nearby Sierra Blanca Ski Resort is the closest ski area to Texas.   Frank and Al Coe, early-day pioneers, established the Coe Ranch in 1882. The main block of deeded land is located on the south side of US Highway 70 and consists of 244.543 ± acres. North of Highway 70 is a separate 53.993-acre deeded parcel plus an additional 80-acre deeded parcel. These tracts adjoin the two USFS permits. One permit, known as Devils Canyon contains 4,005 acres, and the other permit, North Coe, contains 4,551 acres. Currently, the cost of these two permits is $1,879.20 annually, and the ranch has the right to run 123 animal units annually on these permits. In addition to the USFS permits, there is a section (640 acres) of New Mexico State Lease that will be assigned in the sale. This property leases for approximately $361.61 per year, and the NMSL allows for an additional eight animal units. These two permits and the New Mexico State Lease are considered to be valuable assets to the deeded portion of the Coe Ranch. Water Features   The irrigated portion of the Coe Ranch is considered to be very productive. The ranch has 281-acre feet of State of New Mexico water rights allowing for irrigation of 88 acres along the river.  Of this total, 85 acres have a priority date of 1867, and 3 acres have a priority date of 1947. Historically, approximately 88 acres are irrigated, including 17 acres under a pivot irrigation sprinkler system. The flood-irrigated fields are planted primarily to Fescue grasses, a cool season grass; wheat or triticale is planted under the pivot providing winter grazing. The flood irrigation system has a private diversion dam and private ditch supplied from the Rio Ruidoso River.   There are two supplemental irrigation wells that can supplement the river water for flood irrigation and fill a reservoir used to pump water to the pivot. At this time, only one of the irrigation wells is in use. This well has a new casing and a new pump. The second irrigation well is not equipped with a pump. There are 4 wells used to provide domestic and livestock water to the…

Creek, Irrigated, Equine Facilities, Hunting Game, Spring, Orchard, Pivot Irrigation, Home, Corrals, Livestock Scales, Arena, Work Shop, Barn, Water Well, Game-Proof Fence, Hwy-County Rd Frontage, Electricity, Development Potential, River Frontage, River, National Forest Access, Borders State/BLM Land, Borders National Forest, Water Rights, Fishing, Pond

Acreage, Agriculture Business, Cattle Ranch, Equestrian Property, Farm, Fishing Land, Home With Acreage, Hunting Property, Mountain Land, Ranch, Recreational Land, River Frontage

Ruidoso, 88345 New Mexico

County: Lincoln