Bell Ranch, Estate of the Day
March 20, 2010 - New Mexico
A 250,000-acre ranch in New Mexico first listed in 2007 for $115 million is now available for $83 million-with an additional 40,000 acres thrown in.
Called the Bell Ranch for a bell-shaped butte on the land, the property is a working cattle ranch 150 miles east of Santa Fe.
In 1970, Illinois businessman William N. Lane bought the land, which passed on to his children when he died in 1978.
They've lost interest in ranch ownership and are planning their estates, said listing agent Patrick Bates, of Bates Sanders Swan Land Co.
The property-which was large enough to have its own ZIP Code at one point-includes a more than 10,000-square-foot house with eight bedrooms, a pool, an airstrip and a tennis court.
The Canadian River runs through part of the ranch, which also has about 13 miles of frontage on Lake Conchas.
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