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Laughing Sheep Ranch

MLS Number: NM253134
Price : $3,163,000
Auction Date: 2019-12-24 00:00
Features: Barn, Borders State/BLM Land, Cabins, Corrals, Creek, Electricity, Equine Facilities, Fishing, Game-Proof Fence, Guest Ranch, Hunting, Irrigated, Landing Strip, Orchard, Pond, River, Spring, Water Rights, Water Well, Work Shop
Acreage : 84.65
State: New Mexico
County: Lincoln
Status: Active
Property Documents: N/A

Laughing Sheep Ranch is a water-rich, recreational heaven. The property features 1.25 +/- miles of Rio Bonito river frontage on both sides, lush green pastures, 5 blue-ribbon stocked fishing ponds, wooded areas, wetlands and great views of the Capitan Mountains. Enjoy tremendous fishing, waterfowl hunting and elk hunting as the property is eligible for one landowner elk tag. The property is an easy 30-minute drive to the very popular and beautiful mountain resort town of Ruidoso, New Mexico. Only 5 miles to the east of the ranch is downtown Lincoln, home the famed Billy The Kid, the Lincoln County Courthouse and the Lincoln County Wars. This famous and important piece of western history is alive and well on the ranch and artifacts from that time are still found on the property.

This property is ideally suited as a gentleman's ranch or farm but can also be utilized as a-revenue generating property.

Historically, the current owner has run a farm-to-table restaurant, dude ranch and livestock operation on the land. The irrigated land can support approx 6o pairs of cattle and the current owner runs 30 pair of sheep as well. In past years it has supported 300 head of sheep. However, the possibilities of this property are many. With multiple building sites to choose from, the property could become a luxurious residence or second residence with tremendous recreational value. The park-like setting of 42 irrigated acres, with 17 more acres sub-irrigated, the 5 beautiful ponds, the winding live water stream, mountain views and wooded areas are among the many attractive amenities this property has to offer.

Acre-for-acre, this is one of the most well-watered properties you can find. The property comes with 42 acres of deeded water rights. The water is served by a private irrigation ditch with with no other neighbors in line. There is also a reserve irrigation well with no meter or stated limitations to how much water can be pulled. The reserve well is registered and the water rights documented. The property also features two large springs. Because of the abundance of water already on the property, the owners have never been compelled to develop the springs, but they sit as another potential source of water for a future owner. The 5 large fishing ponds are also water tanks for the irrigated pastures. Each tank is piped to one another and each have valves which are used for some of the flood irrigation. Each pasture has redundant irrigation systems, allowing the operator to choose from flood irrigation or sprinkler irrigation.

The main home is a 1700+/- sq. ft ranch home with 3 bedrooms and 2 bathrooms. Wood burning stoves, a central heating and central cooling system keep the home heated and cooled. A hot tub sits on the back porch with great views of the pastures, mountains and ponds. In addition to the main home, there are a series of 5 guest cabins throughout the property. The cabins are spread throughout different parts of the property and strategically located to give each it's own personality and experience. The cabins are great for guests or can be used for revenue. There is also a 4500 sq. ft. restaurant building with 2 small apartments on it's second floor for additional housing options. The restaurant building could also be converted into a residential structure or used for a variety of purposes. It features a large stone fireplace and floor-to-ceiling picture windows with tremendous views.

42 acres of irrigated pasture are at the heart of this property. There are 5 pastures for livestock rotation, all with good fencing. There is a new set of cattle pens and chutes, just built in 2019. The property has a 90'x110' barn with 8 stalls, large tack and feed rooms and a small shop. There is also a beautiful 60' round pen. There are two very large greenhouses with heating and cooling systems. These greenhouses once grew the produced used in the restaurant and are now used by the owner for personal use and enjoyment. As mentioned before, the irrigation systems are redundant, giving the owner a choice between flood irrigation or sprinkler irrigation. All pumps and systems are in top working condition and maintained regularly.

Laughing Sheep Ranch sits 5 miles from the historic downtown of Lincoln, New Mexico. This little town is the home of Billy the Kid and the Lincoln County Wars. This place was an important crossroads of the American West and there are many historic things to see and experience in the immediate area. Only 30 minutes from the ranch is the popular mountain town of Ruidoso, New Mexico. Skiing, museums, hiking, fishing restaurants and golfing are all top notch in Ruidoso, making it a wonderful recreational option for the Laughing Sheep Ranch.

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