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OFFERED AT: $1,550,000.00

Listing Provided By :  Larry W. Brow & David Makowski

Location: Approximately four miles north of Las Vegas, NM on highway 518 and across from Storrie Lake State Park.

Size: Approximately 613.139 acres

Improvements: Main house is 4 bedroom, 1 3/4 bath, large kitchen, living room, den with forced air heating system. Living room has a functional fireplace and skylights are in the living room, kitchen and den areas. The kitchen and living room floors were newly tiled and a new metal roof added in approximately 1996. There is a small rustic barn and
storage shed near the main house.

Land: The land consists of mostly flat to slightly rolling hill country with the Pecos Arroyo running through a portion of the ranch. Approximately 35 acres are irrigated from the Storrie Lake irrigation ditch, which includes 64 shares of the Storrie Project
Water Users Association. The present crop is a mixture of alfalfa and grass and a small area north of the irrigated field is planted in alfalfa but is dry land farmed. The property is fenced with both perimeter and some cross fencing. The arroyo feeds four small ponds with one having been stocked with bass and catfish. The vegetation includes Pinion, Juniper, Cedar, Pine and some Cottonwood scattered throughout the native grasses. Some 6000 trees were planted in 1998 with various varieties including narrow leaf cottonwood, green ash, alder, lilac, rose, honeysuckle, plum, apple, apricot, and filbert nut. The ranch sits across the highway from Storrie Lake where boating and fishing and other water sports are available.

Development potential: The city of Las Vegas has naturally tended to grow and expand in a northerly direction and more specifically along highway 518 which goes to Mora and Taos. The Pecos Arroyo Ranch fronts highway 518 and thus sits in the path of future
development opportunities. There is approximately 7600 feet of frontage along the highway and the Mora San Miguel Electric Coop has a substation along the highway near the mid point of the ranch. The state has recently completed construction of a new four lane section of 518 up to the dam at Storrie Lake.

Climate: The marvelous climate of the Las Vegas area is a major benefactor to newcomers as well as old timers. The average mean daily temperature for July is 64.4 degrees F and for January 34.5 degrees F. The average annual rainfall is 17 inches while the average winter snowfall is near 36 inches, however it usually comes in the form of 2 to 4 inches per occurrence and rarely lasts longer then 48 hours due to the high mid day winter temperatures. Another attraction of the area climate is the clear dry air where frequently the visibility allows mountain ranges in excess of 100 miles to be seen with the naked eye. Las Vegas was included in a list of top 10 places to retire by the Kiplinger Financial News Letter a few year ago primarily for its modest year round climate.

Area Attractions: The Las Vegas and San Miguel County areas are becoming one of the most recognized in the state for its abundant attractions and historic past. Established in 1835 by grant it was first settled in the name of fifteen Spanish families. By 1846,
General Stephen W. Kearney found Las Vegas to be a thriving community of 1,500 when he took possession of New Mexico for the United States. William Becknell had by this time already opened the Santa Fe Trail between Independence, Missouri and Santa Fe for
which Las Vegas became a scheduled stop. The Santa Fe Trail has now been designated a National Historic Trail. Other attractions include Fort Union National Monument, Pecos National Monument, Pecos Wilderness, The Armand Hammer United World College of the American West, and the Rough Riders Museum which until recently was the site for the annual Rough Riders Reunion. This area was frequented by such notorious men and women as the likes of Billy the Kid, Vicente Silva and his gang, Belle Sidons (alias Monte Verde), Jesse James, Doc Holiday and his girlfriend Big nosed Kate. Doc Holiday operated a dental office, saloon and gambling hall in Las Vegas before moving to Tombstone, Arizona.

Price: This fine ranch is being offered at $1,550,000 cash. Seller intends to perform an IRC Section 1031 exchange upon the sale of this property. Call or email for more information!