Thursday, August 19, 2010

290,100 contiguous acres

Reportedly SOLD!
Some big properties take a long time to sell but finally after years on the market the Bell Ranch in northeastern New Mexico has finally sold. Bates Sanders Swan represented the seller and RMA Brokers represented the sellers. The sale and purchase of the Bell Ranch was closed on August 17, 2010. The Bates Sanders Swan announcement says that the sale was comprised of 290,100 acres of contiguous deeded land most of which is situated in San Miguel County about 40 miles north of Tucumcari and 150 miles east of Santa Fe. It is believed that this is the largest single block of deeded land to sell in the Western United States during the past 60 years. The announcement says that the buyer has interest in maintaining and enhancing the Bell Ranch, which was established in 1824, as one of the most historic and admired cattle operations in the nation.

The Bell Ranch features Bell Mountain and a a 10,832-square feet hacienda with swimming pool andtennis courts The property includes a general manager residence and lake house, ranch offices, stables, barns, garage and storage facilities. Cowboy camps are located throughout the property. The Bell Ranch airfield (8,200' x 75' lighted dirt airstrip) has a large hangar. It was listed for $115 millionback in 2007 and then was at $103 million in 2009. It was most recently at $83 million. The final selling price hasn't been revealed.

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