Active
3 beds2,500 sqft
331 Pine Lodge Road, Capitan, NM 88316
Est: $22,721/moGet pre-approved
FarmProperty Type
2023Year Built
$1,640/sq ftPrice per sq ft

Description

Perhaps one of the most sought after gentlemen's ranches in New Mexico. Nestled in a bowl of natural outcroppings, this ranch has the most stunning views of Sierra Blanca Mountain and the Capitan Mountains. This ranch is unique in the fact that it encompasses the Rancho De Caballos Subdivision in it's entirety and an additional 270 acres of ranch land. Also included in this package are two (2) brand new custom homes with the finest of finishes and upgrades. If that's not enough, there is a 180x300...Perhaps one of the most sought after gentlemen's ranches in New Mexico. Nestled in a bowl of natural outcroppings, this ranch has the most stunning views of Sierra Blanca Mountain and the Capitan Mountains. This ranch is unique in the fact that it encompasses the Rancho De Caballos Subdivision in it's entirety and an additional 270 acres of ranch land. Also included in this package are two (2) brand new custom homes with the finest of finishes and upgrades. If that's not enough, there is a 180x300 pipe roping arena with return ally. This ranch offers a rare blend of stunning natural beauty, high quality improvements and the tremendous potential for livestock production, hunting, and recreation. Large mule deer bucks and B&C bull elk have been seen on this property.
307 days on Market
  • Listed by: Keli L. Cox 575.937.4616 keli@zia-realestate.com • Zia Real Estate
Last updated: 07/10/2026 12:41 PM • Source: Ruidoso/Lincoln County AOR, MLS#: 133164

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Location

Listing Courtesy of Zia Real Estate
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$22,721 per month

30 year fixed, 7.03% Interest

Principal and Interest

$21,888

Property Taxes

$833

HOA Dues

$0

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Property Information for 331 Pine Lodge Road

Property Details
  • Taxes: $10,000 / year
  • MLS Type: Residential / Ranch
  • Lot Size: 594.00 AC / 25,874,640 SF
  • Architectural Style: Mountain, Ranch
  • Furnished: Furnished
  • Subdivision Name: Metes & Bounds
  • Has View: Yes
  • View: Mountain(s), Panoramic
  • Has Waterfront: No
  • Zoning: Rural
Building Information
  • Stories: 1
  • Year Built: 2023
  • Lot Size: 594.00 AC / 25,874,640 SF
Summary
Location and General Information
  • Directions: Take NM 246 North out of Capitan. Property about 2 miles on the left.
  • Latitude: 33.58256
  • Longitude: -105.572272
  • MLS Area Major: N/Bonito River to N/Capitan
Taxes and HOA
  • Tax Annual Amount: $10,000.00
  • Tax Block: -
  • Tax Lot: -
  • Tax Tract: -
  • Tax Year: 2025
Parking
  • Garage: Yes
  • Parking Features: Circular Driveway, Driveway, Garage, Gravel
Property
Lot Information
  • Lot Features: Cleared, Level, Views
  • Lot Size Acres: 594.0
  • Lot Size Area: 594.0
  • Lot Size Units: Acres
  • Public Survey Range: 14E
  • Public Survey Section: 28
  • Public Survey Township: 8S
  • Road Frontage Type: State Road
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Gravel
Property and Assessments
  • Living Area: 2500.0
  • New Construction: Yes
  • Property Condition: New Construction
  • Property Sub Type: Ranch
  • Property Type: Residential
  • Year Built: 2023
Building Features
  • Building Features: See Remarks
  • Other Structures: Arena
  • Construction Materials: Frame, Stone Veneer, Stucco
  • Levels: One
  • Roof: Metal
  • Stories: 1
Farm Information
  • Horse Amenities: Pasture, Arena
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Underground Utilities, Water Connected
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Built-in Barbecue, Barbecue, Courtyard, Outdoor Kitchen, Rain Gutters, RV Hookup
  • Fencing: Fenced, Partial
  • Patio And Porch Features: Rear Porch, Covered, Front Porch, Porch
Interior Features
  • Appliances: Bar Fridge, Convection Oven, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s), Wine Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 3
  • Cooling: Central Air, Ceiling Fan(s)
  • Has Cooling: Yes
  • Heating: Forced Air, Fireplace(s), Natural Gas
  • Has Heating: Yes
  • Has Fireplace: Yes
  • Total Fireplaces: 1
  • Fireplace Features: Wood Burning
  • Flooring: Carpet, Wood
  • Interior Features: Breakfast Bar, Ceiling Fan(s), In-Law Floorplan, Open Floorplan, Pantry, Recessed Lighting, Master Downstairs
  • Room Type: Dining Room, Family Room, Office

Property History for 331 Pine Lodge Road

DateEvent & SourcePriceAppreciation
Jul 10, 2026

Price Change

Ruidoso/Lincoln County AOR #133164

$4,100,000—
Sep 23, 2025

Listed (Active)

Ruidoso/Lincoln County AOR #133164

$4,200,000—
Nov 1, 2023

Sold

Ruidoso/Lincoln County AOR #129726

—
DateEvent & SourcePrice
07/10/2026

Price Change

Ruidoso/Lincoln County AOR #133164

$4,100,000
09/23/2025

Listed (Active)

Ruidoso/Lincoln County AOR #133164

$4,200,000
11/01/2023

Sold

Ruidoso/Lincoln County AOR #129726

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 331 Pine Lodge Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,485 ($207 / month)
Home Facts
Lot Size447,318 SqFtStyleMiscellaneousCountyLINCOLNAPN4-077-047-493-295

Schools near 331 Pine Lodge Road

This home is within Capitan Municipal Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Capitan Elementary School
PublicPK to 5

Capitan Middle School
Public6 to 8

Capitan High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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331 Pine Lodge Road is for sale in Capitan, NM 88316. This property was listed for sale on September 23, 2025 by Zia Real Estate, it's currently listed at $4,100,000. It has been on the market for a total of 307 days and was last sold on November 1, 2023. This listing's school district is Capitan Municipal Schools. Nearby schools include Capitan Elementary School, Capitan Middle School and Capitan High School. 331 Pine Lodge Road is a 3-bed, 4-bath, 2,500 sqft built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Zia Real Estate

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ruidoso/Lincoln County Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Ruidoso/Lincoln County Association of REALTORS®. All rights reserved.