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$19,000,000  •  6,763 acres
White Mountain Wilderness Elk Ranch matters because it gives the next owner something that is getting harder to find in the West: a large, usable New Mexico ranch with direct access to wilderness, strong elk country, meaningful improvements, and the kind of ground that can be enjoyed, worked, and cared for over time. This 6,763± acre ranch sits in the heart of respected elk country in GMU 36, where the area's reputation has been built over years, not hype. The ranch carries a strong mix of timber, meadows, canyons, and open country that creates both visual depth and practical function. It is the kind of country where wildlife moves naturally, where the terrain gives animals cover and feed, and where a rancher or hunter can appreciate how the land lays together. One of the defining strengths of this offering is its relationship to the surrounding public land. The ranch adjoins an extraordinary stretch of wild country and provides direct access into the White Mountain Wilderness, with a strong connection to the greater Lincoln National Forest landscape. That matters because the ranch does not stop at its boundary lines in the way many properties do. It has the feel of a much larger holding, with room to ride, hunt, and explore straight from the deeded acres into country that still feels open, remote, and intact. For the buyer focused on elk, this is serious habitat. The timber, meadows, water, and relief all work together to support the kind of environment elk want to use. The ranch is not just scenic ground; it is functional wildlife ground. In a market where many properties talk about hunting value in broad terms, this ranch offers the kind of setting experienced buyers recognize when they step onto it. The improvements add real utility. This is not a blank slate. The ranch includes infrastructure that supports recreation, guest use, ranch management, and livestock operations. Water resources, ponds, pasture ground, and supporting ranch improvements give the property versatility while also reinforcing the wildlife habitat that makes it special. A new owner is stepping into a ranch with an established foundation rather than starting from scratch. That flexibility is part of what makes the property appealing. White Mountain Wilderness Elk Ranch could serve as a private family retreat, a premier hunting ranch, a recreational base, or a working livestock property with strong sporting value. It is a ranch that gives an owner options without losing its identity. The location also strikes a balance that many buyers are after. The ranch feels private and removed, yet it remains accessible to both Ruidoso and Carrizozo. That combination of seclusion and convenience supports long-term use, whether the goal is family time, hosting guests, ranch operations, or simply having a place that can be reached and enjoyed without unnecessary complication. At its core, White Mountain Wilderness Elk Ranch is a stewardship property. It is for the buyer who values direct wilderness access, productive elk habitat, practical ranch infrastructure, and the responsibility that comes with owning a place with this kind of character. This ranch offers the chance to own not just acreage, but a piece of New Mexico that can be protected, enjoyed, and passed forward.
$5,000,000  •  140 acres
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. Main Property Features •140± acres of private, fully fenced land •9,978± sq ft custom home across 3 stories •6,500± sq ft main floor footprint •Construction approx. 85% complete – finish to your specifications •Private well, electric and natural gas in place •Paved highway frontage •Located in Capitan School District •Subdivision: Ranchos de Caballos Estates •Panoramic views, rural privacy, and strong recreational potential Barn & Agricultural Features •Barn with 14’ x 14’ stalls overlooking potential arena site •5716± sq ft of barn living/entertainment space (buyer to verify) •Smart greenhouse built to withstand Cat 1 hurricane winds and snow loads Wildlife & Hunting •Located in Game Management Unit 37 (GMU 37) •Habitat for elk, mule deer, antelope, Barbary sheep •Known for trophy bull elk and pronghorn Nearby Public Lands & Recreation •Capitan Mountains Wilderness (~35,067 acres): Rugged terrain, limited access, birthplace of Smokey Bear •White Mountain Wilderness (~46,963 acres): Hiking, horseback riding, camping, including 20-mile Crest Trail •Lincoln National Forest: Year-round outdoor activities including skiing, fishing, biking, and equestrian trails •Bonito Lake: High-elevation reservoir for trout fishing, hiking, and camping Contact us today for more details, current status, and customization opportunities. ** Co-listed with Erika Perry of HiLo Realstate
$1,600,000  •  23 acres
Set on 23± acres in Lincoln County, New Mexico, The Lodge at the Ranches of Sonterra offers privacy, scale, and a mountain setting that supports both full-time living or seasonal use. Located in the Ranches of Sonterra subdivision, it remains closely connected to the broader Ruidoso area while holding onto the quieter pace that draws people to this part of New Mexico. This custom built lincoln log style home offers a total of 7,385± square feet, finished with cypress logs it has a presence and style all its own. The layout includes a large open kitchen with plenty of storage, 3 bedrooms with closets, 3 bonus rooms currently used as bedrooms with armoires, 3.5 bathrooms, a 1,773± square foot loft, and a finished 2,180± square foot basement, creating the kind of scale and flexibility that offers both everyday comfort and long-term versatility. The main-floor primary suite includes its own deck access and cathedral ceilings, creating private retreat that overlooks the stunning views. Offered fully furnished, the property allows for immediate use and a smooth transition for the next owner. Water is supplied by both a well and a rain catchment system. The Lodge at the Ranches of Sonterra is located near Ruidoso, New Mexico. Approximately 10 to 15±minutes from the Ski Apache Ski Resort and within easy reach of numerous golf courses including the Rainmakers Resort & Golf Club, and the Inn of the Mountain Gods Championship Golf Course, offering strong year-round recreational options. Within the Ranches of Sonterra community, owners have access to an owners-only park and entertainment pavilion set alongside the river, adding another layer of opportunity to explore outdoors The Lodge at the Ranches of Sonterra is well suited for the buyer looking for a substantial mountain home in a setting that supports both recreation and long-term ownership. With no short-term rentals allowed in the subdivision, the community remains oriented toward privacy and a more consistent ownership experience. Properties of this caliber, with substantial size, premium finishes, community amenities and privacy are difficult to find at a price point like this.
F&R Partners