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Started By
Message
What do you think about this New Mexico property?
Posted on 9/25/17 at 1:42 pm
Posted on 9/25/17 at 1:42 pm
I am interested in any opinions about this property. Thanks. It is 3542 acres in New Mexico, about ten to fifteen minutes south of Angel Fire. It has no improvements. The creek is nice and is year round with fish, BUT, it is close to a small paved road. There is, however, a connecting property just north (and east of the road) where Coyote Creek cuts right through the center. Coyote Creek is fed from a lake to the north. The other property is slightly over 800 acres and is overpriced. It also has no improvements.
Big drawback is that it is not a good year round place unless you have grown children. The schools nearby aren't very good. I've scouted out both properties - the Big Blue is mostly timber but if you had both you could do some nice horseback riding.
LINK /
Big drawback is that it is not a good year round place unless you have grown children. The schools nearby aren't very good. I've scouted out both properties - the Big Blue is mostly timber but if you had both you could do some nice horseback riding.
LINK /
This post was edited on 9/25/17 at 1:44 pm
17
Posted on 9/25/17 at 1:48 pm to toni_the_tigress
I think I need 5 mil 
Posted on 9/25/17 at 2:01 pm to toni_the_tigress
I just bought it. Thank you for the lead.
Posted on 9/25/17 at 2:04 pm to toni_the_tigress
Does it hold Elk?
Posted on 9/25/17 at 2:06 pm to DirtyMikeandtheBoys
I think I'm about 4 mill short....at least.
Posted on 9/25/17 at 2:07 pm to toni_the_tigress
Can I buy an acre on the river from you?
Posted on 9/25/17 at 2:32 pm to toni_the_tigress
Private/local moms home school program maybe?
Posted on 9/25/17 at 2:46 pm to DirtyMikeandtheBoys
quote:
Does it hold Elk?
Yes, that's great elk country in Mora
Posted on 9/25/17 at 3:04 pm to toni_the_tigress
$1200 and acre for unimproved in New Mexico seems really high to me but I really have no idea what property goes for out there.
Posted on 9/25/17 at 3:07 pm to toni_the_tigress
I can't look at stuff like that. It makes me sad for some reason.
Posted on 9/25/17 at 3:17 pm to bbvdd
quote:
$1200 and acre for unimproved in New Mexico seems really high to me but I really have no idea what property goes for out there
Both properties are overpriced and the bigger tracts out there aren't selling very quickly. The smaller property is almost $5k per acre, with really not great feature other than the year round, trout filled creek runs through the center of it (and year round private water in N.M. is hard to find).
Posted on 9/25/17 at 3:23 pm to toni_the_tigress
quote:
Both properties are overpriced and the bigger tracts out there aren't selling very quickly. The smaller property is almost $5k per acre, with really not great feature other than the year round, trout filled creek runs through the center of it (and year round private water in N.M. is hard to find).
That's why they are expensive though, you realize that right? That website is solely to find wealthy buyers looking to overpay for recreational properties, if you want to find good prices properties you don't look for listings by websites like that. Seriously.
My recommendation is you are on the wrong state forum for good info. Larger tracts are almost always less per acre unless you have something special or a certain niche property. There's fewer buyers the higher the acreage and more money for one.
You really need some local advice. With $4 mil to spend, you can easily find somewhere out west with a great school zone. Jackson Hole off the top of my head has a great school, you could buy a great house for $2 mil there and a great ranch for $2 mil and have millions of acres of access. I'm sure there are tons more places, not to mention private schools which anyone buying a $4 mil ranch could afford.
Who is going to take care of your horses while you aren't living there? Seems like you have a lot of huge questions to figure out before starting to really look.
Posted on 9/25/17 at 4:03 pm to baldona
quote:
That's why they are expensive though, you realize that right? That website is solely to find wealthy buyers looking to overpay for recreational properties, if you want to find good prices properties you don't look for listings by websites like that. Seriously.
My recommendation is you are on the wrong state forum for good info. Larger tracts are almost always less per acre unless you have something special or a certain niche property. There's fewer buyers the higher the acreage and more money for one.
You really need some local advice. With $4 mil to spend, you can easily find somewhere out west with a great school zone. Jackson Hole off the top of my head has a great school, you could buy a great house for $2 mil there and a great ranch for $2 mil and have millions of acres of access. I'm sure there are tons more places, not to mention private schools which anyone buying a $4 mil ranch could afford.
Who is going to take care of your horses while you aren't living there? Seems like you have a lot of huge questions to figure out before starting to really look.
I live in a great school zone now (and don't yet have any children) so I can use the property as a summer and holiday getaway place. A ranch that borders public property has its benefits, but it can also have some drawbacks. I am looking for as much privacy as possible.
I have family members who have out of state properties, so I'm familiar with caretakers, managers, etc. I've been scouting for quite a while, and a couple of properties that I really liked sold (Strawberry Creek Ranch in Montana being one). It is good advice to get a local realtor rather than one of the big sites. Thanks.
I have to be patient - I will find the right place eventually.
Posted on 9/25/17 at 4:20 pm to toni_the_tigress
Patience is definitely key in real estate. One rash decision can be regretted for decades if you're not careful.
Are you expecting this property to pay for itself in any way? Selling the timber? Running cattle? Because if not I'd just buy a small plot in the deep woods somewhere for a hundredth of that price and build on it if I wanted a place to get away to.
Then again, I don't have 5 mill laying around either.
Are you expecting this property to pay for itself in any way? Selling the timber? Running cattle? Because if not I'd just buy a small plot in the deep woods somewhere for a hundredth of that price and build on it if I wanted a place to get away to.
Then again, I don't have 5 mill laying around either.
Posted on 9/25/17 at 4:51 pm to Decisions
quote:
Patience is definitely key in real estate. One rash decision can be regretted for decades if you're not careful.
Are you expecting this property to pay for itself in any way? Selling the timber? Running cattle? Because if not I'd just buy a small plot in the deep woods somewhere for a hundredth of that price and build on it if I wanted a place to get away to.
No, I do not need the property to pay for itself - though I don't want a bunch of recurring expenses either. I'm looking, at this point, for a getaway that could someday be a retirement place. I would never sell timber. I would also prefer a place with no conservation easement - though I'm pretty sure I'll put one on it.
If I ever build, I want a well constructed and designed house, but not a big one.
It is surprisingly difficult to find the combination of terrain, altitude, and live water.
Posted on 9/25/17 at 6:25 pm to toni_the_tigress
I was talking to a localout there this summer. He said the schools are beyond horrible. Cimmaron is one of the better one and said that is not saying much.
Posted on 9/25/17 at 6:55 pm to toni_the_tigress
I'd hold out for ocean front property in Arizona...
Posted on 9/25/17 at 7:25 pm to toni_the_tigress
Natural water is like gold in that country. Beautiful place.
Posted on 9/25/17 at 9:13 pm to toni_the_tigress
Do you own your own plane or a fractional share?
Posted on 9/25/17 at 9:18 pm to 257WBY
What's not to like about the Big Blue Ranch? Skiing, Elk hunting, and fly fishing. Sounds like paradise. Wife and I are about ready to retire. Let me know when you want us to start the caretaker job.
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