Storrie Lake West - Lake Pasture Ranch

The property is priced at $1,890,000, or $1,620/acre. This outstanding property is reasonably priced based on all its features. If you are truly searching for that one of a kind home/recreational ranch property or a get-a-way property close to Las Vegas and Santa Fe, the Lake Pasture Ranch is your place.

Terrain: Elevations on the Jones Lake Pasture Ranch range from 6,600 to 7,200+ ft. The terrain is open rolling along the lake shore, transitioning to steeper hillside and draws on its western boundary areas. The terrain includes lush meadows, ponderosa pine, pinion-juniper, and a variety of other trees including oak brush which shimmers red and yellow in the fall.

Water: Other than having lake frontage, the Jones Lake Pasture includes a well on the top of the west ridge that is reported to produce 40 gallons per minute, a natural spring flowing to the lower area of the ranch and range stock tanks that fill with summer rains. The spring has run continuously for over 50 years. In addition, the City of Las Vegas has a 10-inch water line that runs across the south end of the property. This water source may be available for future development of home-sites. However, conditional approval for taps will be required by the City of Las Vegas. This line previously provided water to the MDF Plant.

Improvements: The Ranch does not have any structural improvement other that an older set of range pens and perimeter fencing.

Utilities: Electricity, water, telephone, and a fiber optic lines cross the ranch.

Hunting/Recreation: Recreational opportunities on this property includes fishing, hunting, hiking and horseback riding.

Real Estate Taxes: The ranch real estate taxes were $450+/- in 2017.

Further Details: This ranch is assessed as Agricultural Land. This property is governed by both the city and county zoning ordinances. New Mexico State Law allows subdivision of a minimum of 140 acre tracts of land. The City of Las Vegas and County of San Miguel both adhere to the State Law. Any tracts less than 140 acres require the owner or owners to apply to the City of Las Vegas and San Miguel County zoning and planning for their approval. From every acre on this ranch you have views of Storrie Lake and the mesa top views as well as the other surrounding mountain tops that would make attractive home sites. There is considerable development occurring in the immediate vicinity of the property.

Uses of this property are wide open given its very convenient location to Storrie Lake and Las Vegas. Alternatively, should protection of this gorgeous property's current state be an owners goal, granting a conservation easement might be given consideration. The desirable location to Las Vegas, plus the east boundary bordering Storrie Lake, makes this property ripe for future development and perfect for an easement of this nature. Attractive tax credits are possible under this scenario.

Owners indicate they own 100% of mineral rights. All minerals will be conveyed with the sale. The ranch's natural surface minerals include a hill covered in shale on the north side of the ranch.

Multiple additional adjacent parcels are also available from the same portfolio with views, river frontage on the Gallinas River, water rights, ditch access, and ponds, ranging from 56 acres to over 100 acres. Total available land is 1,560 acres±. Inquire with broker.