The L – X Ranch offers a rural ranch lifestyle while being just minutes from
the conveniences of city life. The ranch is situated adjacent to State Highway
246, which is a paved two-lane highway. The headquarters is tucked away and not
visible from the highway. Access to the headquarters is private, gated and
locked just ten minutes from downtown Roswell, New Mexico. Roswell is a
community of approximately 50,000 people that offers amenities and services to
include commercial airline travel.
The main residence is an adobe constructed Spanish Style
residence with abundant character and charm. The interior,
containing in excess of 2,400 square feet of living space, is
comprised of three bedrooms, three baths, kitchen, den, office
and an unfinished basement. The interior floors are mostly tile.
The outside main entry of the residence is enclosed into a small
courtyard complete with a running water fountain and fishpond
complete with lily pads. The bedrooms and den have access to an
exterior deck to enjoy the fabulous New Mexico sunrises and
sunsets. Additional improvements located near the residence,
include a horse barn with enclosed stalls along with hay and
feed storage, an equipment storage shed and an enclosed dog
The L – X Ranch is designed as a highly functioning cattle
ranch. The ranch is boundary and partition fenced into six
pastures ranging in size from 300 acres to 1,530 acres.
Livestock and domestic water for the ranch is provided by one
well along with an extensive water pipeline system. The water
system supplies water to all pastures for livestock and wildlife
consumption. The pipeline is 1¼ inch thick wall black plastic
pipe that is buried. The system is efficient and easy to
The terrain and vegetation of the ranch is described as
grassland with limestone hills and draws. The primary grasses
include several species of grama grass to include blue grama and
sideoats grama along with tobosa grass, vine mesquite and three
The ranch operates in conjunction with one New Mexico State
Agricultural Lease that is renewed every five years. The lease
fee is formula based that can fluctuate from time to time.
Typically the lease fee for the State Land is approximately $.85
per acre. The lease is paid on an annual basis.
The majority of the acreage within the ranch is classified as
Federal Lease land, which is administered by the Department of
Interior’s Bureau of Land Management. The BLM’s local District
Office is located in Roswell. The lease fee for the federal
acreage is also formula based calculated on an animal unit month
basis. The ranch operates under a Section 3 Grazing Permit that
sets the grazing capacity of the entire ranch to include the
private and state lease land, which is comingled throughout the
The current BLM grazing permit allows for 63 animal units on
a yearlong basis. The BLM permit is generally for a ten-year
term. The lease is paid on an annual basis at the beginning of
the BLM grazing season that begins March 1 of each year. The
current grazing fee is based on $1.85 per animal unit month and
estimated annually at approximately $800.00.
The property taxes assessed by the Chaves County Assessor are
reasonable at not detrimental to property ownership. The
property taxes assessed in 2016 for the L – X Ranch are $943.16
to include the land and improvements.
This is a unique opportunity to live the rural western ranch
life-style just minutes from downtown. The ranch is improved
with a comfortable home with all the amenities. The ranch
pastures are all easily accessible by vehicle, all terrain
vehicle, or horseback. The pasture design lends itself to
multiple possible rest-rotation programs utilizing the abundant
native grassland. There are very few like this one around.
PRICE: $900,000.00 CASH, or terms acceptable
to the Seller
Bar M Real Estate
P.O. Box 428, Roswell, NM 88202