398 Pine Road
New Construction
New Construction
Description
Welcome to Crown T Estate—a truly extraordinary opportunity where expansive skies, rolling terrain, and the rugged beauty of New Mexico converge. Situated on 140± acres within Lincoln County’s prestigious Ranchos de Caballos Estates, this unfinished yet exceptional 9,978± sq ft custom home offers both scale and vision. Built to showcase the expansive views of Sierra Blanca and the Capitan Mountains, the three-story residence—begun in 2022—is approximately 85% complete. With key infrastructure complete,...Welcome to Crown T Estate—a truly extraordinary opportunity where expansive skies, rolling terrain, and the rugged beauty of New Mexico converge. Situated on 140± acres within Lincoln County’s prestigious Ranchos de Caballos Estates, this unfinished yet exceptional 9,978± sq ft custom home offers both scale and vision. Built to showcase the expansive views of Sierra Blanca and the Capitan Mountains, the three-story residence—begun in 2022—is approximately 85% complete. With key infrastructure complete, skip the long wait times and skyrocketing construction costs. New builds in this region can take 2–3+ years and incur hundreds of thousands in soft costs before construction even begins. Instead, customize the finishes, fast-track your timeline, and create your forever escape. With architectural renderings available for review. Most of the essential materials have been carefully selected, purchased, and are currently stored on the property. From cozy fireplaces to view-filled windows and family-friendly living spaces, the home was thoughtfully planned for both warmth and connection. Over 6,500 sq ft on the main level provides ample space for multi-generational living, entertaining, or creating a full ranch-style compound. Crown T Estate offers the scale, setting, and flexibility to bring your vision to life. A thoughtfully designed barn offering both high-end functionality and exceptional multi-use space, this well-appointed facility overlooks a potential arena site and features spacious 14’ x 14’ stalls, providing ample room and comfort for horses and other livestock. Spanning approximately 5,716± sq ft (buyer to verify), the barn blends practical utility with modern comfort—making it ideal not only for ranch operations but also as a flexible venue for entertainment, guest accommodations, and workspace. Equipped with a dedicated veterinary suite, the barn supports great on-site animal care. Processing and breeding areas enhance operational efficiency for livestock management, while the potential arena location makes this an excellent setup for training, competition preparation, or recreational riding. In addition to its residential and recreational elements, the barn includes substantial space for equipment storage, feed, and tack. This facility delivers the infrastructure and versatility to support both a fully functioning ranch and a multi-purpose lifestyle hub. Whether you're managing livestock, hosting guests, or crafting a personalized living or working environment, this barn is built to exceed expectations. Located in Game Management Unit 37 (GMU 37), this property sits in prime big game country, offering exceptional hunting and wildlife opportunities. The diverse terrain provides excellent habitat for elk, mule deer, antelope, and Barbary sheep, drawing a wide range of game throughout the seasons. The area is especially well known for producing trophy bull elk and pronghorn, making it a highly sought-after destination for big game hunters. With the property bordering New Mexico State Land, it opens access to even broader areas for hunting, glassing, and recreation—expanding the opportunities well beyond the deeded acreage. Ranchos de Caballos Estates, is one of New Mexico’s premier large-acreage communities, known for its privacy, natural beauty, and expansive views. This exclusive setting offers seclusion without sacrificing convenience. Saddle up for a morning ride, host unforgettable gatherings with mountain backdrops, or unwind under New Mexico's star-filled skies. 398 Pine Lodge Rd offers scale, serenity, and limitless potential—all in one of New Mexico’s most scenic, storied regions. Whether you're a hunter, a horse lover, or just seeking a peaceful, private haven to reconnect with nature, this property offers unmatched opportunity.
- Listed by Dan Murphy • M4 Ranch GroupP: (970)-209-1514 C: (970)-209-1514 dan@m4ranchgroup.com
Amenities
- Attached Garage
- Garage
- Range
LISTING UPDATED: 07/23/2026 12:05 PM
Property Details for 398 Pine Road
| Status | Active |
|---|---|
| MLS # | 20255411 |
| Days on Market | 315 |
| Taxes | $17,809 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Farm |
| MLS Type | Residential / Ranch |
| Year Built | 2022 |
| Lot Size | 140.00 AC / 6,098,400 SF |
| County | Lincoln County |
Location
Listing Courtesy of M4 Ranch Group
Add your commute
Building Information for 398 Pine Road
Stories-Residences-Year Built2022Lot Size140.00 AC / 6,098,400 SF
Payment Calculator
$26,898 per month
30 year fixed, 6.55% Interest
Principal and Interest
$25,414
Property Taxes
$1,484
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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1Property Information for 398 Pine Road
Summary
Location and General Information
- Latitude: 33.583897
- Longitude: -105.55472
- Map Coordinate: -105.558899, 33.583158
- MLS Area Major: New Mexico Mls
Taxes and HOA
- Association: Yes
- Parcel Number: 4078047504273000000
- Tax Annual Amount: $17,808.96
- Tax Year: 2025
Parking
- Attached Garage: Yes
- Carport: No
- Covered Spaces: 3.0
- Garage Spaces: 3.0
- Garage: Yes
- Parking Features: Attached
- Parking Total: 3.0
Property
Lot Information
- Lot Features: Irregular Lot
- Lot Size Acres: 140.0
- Lot Size Area: 140.0
- Lot Size Units: Acres
- Lot Size Square Feet: 6098400.0
Property and Assessments
- Building Area Total: 9978.0
- Building Area Units: Square Feet
- Living Area: 9978.0
- Living Area Units: Square Feet
- New Construction: No
- Property Sub Type: Ranch
- Property Type: Residential
- Year Built: 2022
Farm Information
- Farm Land Area Units: Square Feet
Interior and Exterior Features
Interior Features
- Full Bathrooms: 5
- Half Bathrooms: 3
- Total Bathrooms: 8
- Total Bedrooms: 6
- Has Cooling: No
- Total Fireplaces: 2
- Has Fireplace: Yes
- Has Heating: No
Property History for 398 Pine Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 23, 2026 | Price Change New Mexico MLS #20255411 | $5,000,000 | — |
| Sep 18, 2025 | Listed (Active) New Mexico MLS #20255411 | $9,495,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/23/2026 | Price Change New Mexico MLS #20255411 | $5,000,000 |
| 09/18/2025 | Listed (Active) New Mexico MLS #20255411 | $9,495,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Schools near 398 Pine 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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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 M4 Ranch Group
MLS Internet Data Exchange ("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, and that the data is deemed reliable but is not guaranteed accurate by the New Mexico Association of Realtors.
