Val Kilmer’s Pecos River Ranch is Under Contract… or Is It?

We’ve talked about Val Kilmer’s Pecos River Ranch, the unbelievable beauty of the property about 22 miles east of Santa Fe, most recently listed for $18.5 million but originally on the market in 2009 for $33 million. Talk about lowering the price! The ranch is so very special because it has roughly six miles of a popular trout-fishing river running through, glorious wildlife, a four-bedroom, four-bath log-built house as well as several guest and staff houses. There are 10 natural springs, world-class fishing and more than 50 miles of hiking and biking on a beautiful trail system on 6,000 acres. The 10-bedroom, 10-bathroom main home has 11,573 square feet. There’s also an equestrian complex. The Wall Street Journal reports its under contract. There was speculation Kilmer would split some of the 6,000 acres for a quick sale but the agent tells me no,  the entire property is under contract. Also says: “still working out the particulars and able to take alternative offers.” Hear that? May not be too late! Now that’s a good, cautious agent because as anyone in this market knows, it ain’t over till everyone’s closed.

Mr. Kilmer, who has starred in films including Batman Returns, wanted to run it as a bed and breakfast a few years back but his neighbors were not too keen on the idea. Check out this slideshow from the Wall Street Journal, and see why I’m in love.