High Country Horse Ranch & Arena. Live Water • Irrigated Meadows • Premier Equestrian Facilities • Income Potential Welcome to High Country Horse Ranch & Arena, a remarkable New Mexico equestrian estate where exceptional horse facilities, live water, and breathtaking mountain scenery come together to create a truly one-of-a-kind property. Whether you're looking for a private horse ranch, an event facility, a boarding operation, or an investment with multiple income streams, this turnkey ranch offers endless possibilities. Teeming with life, the vibrant Rio Peñasco winds through the ranch, providing year-round live water that nourishes lush irrigated meadows while creating outstanding habitat for fish, waterfowl, elk, deer, turkey, and a variety of native wildlife. The ranch includes valuable water rights and is further supported by two productive water wells, ensuring dependable water for the ranch, livestock, equestrian facilities, and the established RV park. Bordering the majority of the ranch, the Lincoln National Forest offers direct access to miles of scenic mountain trails, making this an exceptional destination for trail riding, hiking, hunting, and year-round outdoor recreation in the majestic Sacramento Mountains. Located within the highly sought-after Game Management Unit 34, the property has historically received two elk tags, making it equally attractive to sportsmen and outdoor enthusiasts. At the heart of the ranch stands an outstanding 295' × 175' covered equestrian complex, encompassing approximately 51,625 square feet. Inside is a spacious 170' × 120' arena with premium sand footing designed for multi-event use, providing an ideal environment for training, competitions, clinics, and recreational riding regardless of the weather. The horse facilities have been thoughtfully designed for efficiency and comfort and include: •16 covered box stalls •Rubber mat flooring •Priefert feeding system •Wash rack •Horse stocks •Tack storage •Hay and feed storage •Five arena-adjacent livestock holding pens •Loafing sheds •Lighted 60-foot round pen This ranch property also features a well-maintained three-bedroom, two-bath manager's home with an attached two-car garage and workshop. Also included are painted pipe cattle working pens complete with squeeze chute trailer load-out. Multiple elevated homesites throughout the ranch provide outstanding opportunities to build a custom residence overlooking the river, meadows, and surrounding mountains.
Lot/land
$3,200,000
3705 Us Highway 82, Mayhill, NM 88339
3beds
2baths
93.5Acres
VacantLand
Built in 1995
93.5 Acres Lot
$-- Zestimate®
$1,786/sqft
$-- HOA
What's special
Live waterMajestic sacramento mountainsIrrigated meadowsYear-round live waterLush irrigated meadowsBreathtaking mountain scenery
- 99 days
- 212
- 18
Zillow last checked:
Listing updated:
Listed by:
Joseph Teague 575-910-8241,
Teague Ranch Real Estate 575-910-8241
Source: OCMLS,MLS#: 172965
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Appliances
- Included: Dryer, Freezer, Washer
- Laundry: Electric Dryer Hookup
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached Carport, 2 Car Attached Garage
- Attached garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
Features
- Patio & porch: Porch
- Exterior features: Horses Allowed
- Fencing: Pipe
Lot
- Size: 93.5 Acres
- Dimensions: Apporo x . 93.5 acres +/-
- Features: Wooded, Fruit Trees, 10.01+ Acres
Details
- Additional structures: Shed(s), Corrals/Stables, Workshop, Workshop With Power
- Parcel number: R037199
- Horses can be raised: Yes
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Mayhill
Financial & listing details
- Price per square foot: $1,786/sqft
- Tax assessed value: $52,567
- Annual tax amount: $345
- Price range: $3.2M - $3.2M
- Date on market: 7/17/2026
- Listing terms: Conventional,Cash
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $3,200,000$1,786/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $345 +0.8% | $17,522 |
| 2024 | $343 -1.4% | $17,522 |
| 2023 | $347 +0% | $17,522 |
| 2022 | $347 +0.6% | $17,522 +0.8% |
| 2021 | $345 -0.3% | $17,382 |
| 2020 | $346 +1.9% | $17,382 +2% |
| 2019 | $340 +1.3% | $17,041 +1% |
| 2018 | $335 +2.5% | $16,873 +2% |
| 2017 | $327 +1.8% | $16,542 +2% |
| 2016 | $321 | $16,218 +2% |
| 2015 | -- | $15,900 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 88339
Nearby schools
Schools provided by the listing agent
- Elementary: Cloudcroft
- High: Cloudcroft
Source: OCMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

