New construction

$4,200,000

331 Pine Lodge Rd, Capitan, NM 88316

3beds

2,500sqft

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Single Family Residence

Built in 2023

594 Acres Lot

$3,902,700 Zestimate^®

$1,680/sqft

$-- HOA

What's special

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.

269 days

142

4

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Rooms

Room types: Dining Room, Family Room, Office

Heating

Forced Air, Fireplace(s), Natural Gas

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Bar Fridge, Convection Oven, Dryer, Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Stainless Steel Appliance(s), Wine Refrigerator

Features

Breakfast Bar, Ceiling Fan(s), In-Law Floorplan, Primary Downstairs, Open Floorplan, Pantry, Recessed Lighting, Main Level Primary
Flooring: Carpet, Wood
Number of fireplaces: 1
Fireplace features: Wood Burning
Furnished: Yes

Interior area

Total interior livable area: 2,500 sqft

Property

Parking

Parking features: Circular Driveway, Driveway, Garage, Gravel
Has garage: Yes
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Patio & porch: Rear Porch, Covered, Front Porch
Exterior features: Built-in Barbecue, Barbecue, Courtyard, Outdoor Kitchen, Rain Gutters, RV Hookup
Fencing: Fenced,Partial
Has view: Yes
View description: Mountain(s), Panoramic
Waterfront features: None

Lot

Size: 594 Acres
Features: Cleared, Level, Views

Details

Additional structures: Arena
Parcel number: 4077047493295000000
Zoning: Rural
Horse amenities: Pasture, Arena

Construction

Type & style

Home type: SingleFamily
Architectural style: Mountain,Ranch
Property subtype: Single Family Residence

Materials

Frame, Stone Veneer, Stucco
Roof: Metal,Pitched

Condition

New Construction
New construction: Yes
Year built: 2023

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Underground Utilities, Water Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Security Gate
Subdivision: Metes & Bounds

Location

Region: Capitan

Financial & listing details

Price per square foot: $1,680/sqft
Annual tax amount: $10,000
Date on market: 9/21/2025
Cumulative days on market: 272 days
Listing terms: Cash,Conventional,1031 Exchange
Electric utility on property: Yes
Road surface type: Gravel

Estimated market value

$3,902,700

$3.71M - $4.10M

$3,885/mo

Price history

Date	Event	Price
9/23/2025	Listed for sale	$4,200,000-13.4%$1,680/sqft
Source: RLCMLS #133164 Report a problem
10/31/2023	Sold	--
Source: RLCMLS #129726 Report a problem
8/6/2023	Contingent	$4,850,000$1,940/sqft
Source: RLCMLS #129726 Report a problem
6/14/2023	Listed for sale	$4,850,000$1,940/sqft
Source: RLCMLS #129726 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,413 +7%	--
2023	$2,256 -3.6%	--
2022	$2,339 -37.7%	--
2021	$3,754 -11.9%	--
2020	$4,262 -0.7%	--
2019	$4,291 +0.6%	--
2018	$4,265	--

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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