205 Katrina Rd Corona, NM 88318
Estimated payment $45,081/month
Highlights
- Barn or Stable
- Maid or Guest Quarters
- Ranch Style House
- Corona High School Rated A-
- Wooded Lot
- Wood Flooring
About This Home
THE PROPERTY: The Central New Mexico Ranch consists of the following acreage:
7050+ DEEDED ACRES
480+ NM STATE LEASE
20,000+ FOREST LEASE
3460+ FREE USE ACRES
30,990+ TOTAL ACRES
TERRAIN AND VEGETATION: The terrain on the ranch is mostly rolling hills, with some mountains and canyons on the property. The elevation ranges from around 6500 to 7000. You can find Cedar, Juniper and a few pines on the ranch. The cover runs from fairly thick to open rolling plains. The grasses are mainly gramma grass with some galleta.
WATER: There are currently seven working wells on the ranch that supply water via a pipeline system throughout the ranch. There is also one well on the northwest side of the ranch that has been drilled and waiting to be hooked up. The depth of the wells range from 350 deep to 600 deep and are strong wells put out between 5 gpm and 15 gpm. The pipeline on the ranch is mainly poly with one line east of the house that is PVC. Along the pipeline system there are around 8 to 10 storage tanks of 10,000 gallons or more each, as well as 25 or more drinkers. There are also 25 to 30 dirt tanks that hold water most of the time.
LIVESTOCK OPERATION: Currently, the owner is running around 400 hd of pairs and bulls and will usually carry over 80 head of heifers to breed. Although there is a forest on the ranch, it is a very forgiving country, and the cattle can easily access the grass.
IMPROVEMENTS: There is a very well maintained owners home with Two bedroom, Two bath. There is also a hired hand home that is Two-bedroom, One bath. At the headquarters there is a metal two bay shop, a large haybarn, and some outbuildings. The jewel at the headquarters is a newly constructed insulated foaling shed, a new metal haybarn, with two different sets of covered stalls and runs on them. If that isn't enough, there is a roping arena with a return alley. When you go around the ranches 12 pastures you will find working corrals in all of them. When branding time comes, you can work the cattle right where they are. This is a very easy-to-work ranch.
WILDLIFE: When we say wildlife, we really mean wildlife. The ranch boasts a resident heard of elk with many large bulls. Mule deer are abundant on the ranch as well as antelope and barbary sheep. Then there is the usual run of quail, dove, bear, lion and coyote. If you or your friends are hunters, this ranch is for you. There is also the potential income from selling hunts.
There is also a conservation easement on the ranch. This will guarantee you a quiet ranching and hunting lifestyle for many years to come. There are a few acres that are not included in the conservation easement. In one of these such areas is a gravel pit where the owners have just signed a new five-year lease agreement that has been paying around $100,000 a year. With this and hunting leases it makes a large income besides the cattle income. Other upsides to the ranch income, a CSP program on the ranch that will pay $65,000 next year and a $125,000 tree thinning program to be done as soon as money is available.
Home Details
Home Type
- Single Family
Lot Details
- Wooded Lot
- Current uses include livestock
Home Design
- Ranch Style House
- Stucco
Bedrooms and Bathrooms
- 4 Bedrooms
- Maid or Guest Quarters
- 2 Full Bathrooms
Parking
- Oversized Parking
- Uncovered Parking
Horse Facilities and Amenities
- Horses Allowed On Property
- Barn or Stable
Utilities
- Well
- Septic Tank
Additional Features
- Electric Oven or Range
- Wood Flooring
- Tenant House
- Cattle
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/21/2025 05/21/25 | Price Changed | $6,900,000 | -6.8% | $2,526 / Sq Ft |
| 01/08/2025 01/08/25 | For Sale | $7,400,000 | -- | $2,709 / Sq Ft |
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