398 Pine Ldg
Capitan, NM 88316
6 Beds
9.5 Baths
9,978 sqft (on 140 acres)
6 Beds
9.5 Baths
9,978 sqft
(on 140 acres)
Local Information
- Map ViewExplore the area around 398 Pine Ldg.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Description
Welcome to Crown T Estatea truly extraordinary opportunity where expansive skies, rolling terrain, and the rugged beauty of New Mexico converge. Situated on 140 acres within Lincoln Countys prestigious Ranchos de Caballos Estates, this unfinished yet exceptional 9,978 sq ft custom home offers both scale and vision. Built to showcase the expansive views of Sierra Blanca and the Capitan Mountains, the three-story residencebegun in 2022is approximately 85% complete. With key infrastructure complete, skip the long wait times and skyrocketing construction costs. New builds in this region can take 23+ years and incur hundreds of thousands in soft costs before construction even begins. Instead, customize the finishes, fast-track your timeline, and create your forever escape. With architectural renderings available for review. Most of the essential materials have been carefully selected, purchased, and are currently stored on the property. From cozy fireplaces to view-filled windows and family-friendly living spaces, the home was thoughtfully planned for both warmth and connection. Over 6,500 sq ft on the main level provides ample space for multi-generational living, entertaining, or creating a full ranch-style compound. Crown T Estate offers the scale, setting, and flexibility to bring your vision to life. A thoughtfully designed barn offering both high-end functionality and exceptional multi-use space, this well-appointed facility overlooks a potential arena site and features spacious 14 x 14 stalls, providing ample room and comfort for horses and other livestock. Spanning approximately 5,716 sq ft (buyer to verify), the barn blends practical utility with modern comfortmaking it ideal not only for ranch operations but also as a flexible venue for entertainment, guest accommodations, and workspace. Equipped with a dedicated veterinary suite, the barn supports great on-site animal care. Processing and breeding areas enhance operational efficiency for livestock management, while the potential arena location makes this an excellent setup for training, competition preparation, or recreational riding. In addition to its residential and recreational elements, the barn includes substantial space for equipment storage, feed, and tack. This facility delivers the infrastructure and versatility to support both a fully functioning ranch and a multi-purpose lifestyle hub. Whether you're managing livestock, hosting guests, or crafting a personalized living or working environment, this barn is built to exceed expectations. Located in Game Management Unit 37 (GMU 37), this property sits in prime big game country, offering exceptional hunting and wildlife opportunities. The diverse terrain provides excellent habitat for elk, mule deer, antelope, and Barbary sheep, drawing a wide range of game throughout the seasons. The area is especially well known for producing trophy bull elk and pronghorn, making it a highly sought-after destination for big game hunters. With the property bordering New Mexico State Land, it opens access to even broader areas for hunting, glassing, and recreationexpanding the opportunities well beyond the deeded acreage. Ranchos de Caballos Estates, is one of New Mexicos premier large-acreage communities, known for its privacy, natural beauty, and expansive views. This exclusive setting offers seclusion without sacrificing convenience. Saddle up for a morning ride, host unforgettable gatherings with mountain backdrops, or unwind under New Mexico's star-filled skies. 398 Pine Lodge Rd offers scale, serenity, and limitless potentialall in one of New Mexicos most scenic, storied regions. Whether you're a hunter, a horse lover, or just seeking a peaceful, private haven to reconnect with nature, this property offers unmatched opportunity.
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
$501
Listed
180+ days ago
Home Details for 398 Pine Ldg
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Interior Details Number of Rooms: 16 |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 8Number of Bathrooms (full): 5Number of Bathrooms (half): 3Number of Bathrooms (partial): 3 |
Dimensions and Layout Living Area: 9978 Square Feet |
Fireplace & Spa Number of Fireplaces: 2Has a FireplaceNo Spa |
View No View |
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Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageNo Attached GarageParking Spaces: 3Parking: Garage |
Frontage Not on Waterfront |
Farm & Range Not Allowed to Raise Horses |
Surface & Elevation Topography: Irregular Lot |
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Days on Market: 180+ |
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Year Built Year Built: 2022 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Is a New ConstructionNot Attached PropertyDoes Not Include Home Warranty |
Property Information Condition: Under ConstructionParcel Number: 4078047504273000000 |
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Price List Price: $5,000,000Price Per Sqft: $501 |
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MLS Status: Active |
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Direction & Address City: Capitan |
School Information Elementary School: None/OtherJr High / Middle School: None/OtherHigh School: None/Other |
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Listing Agent Listing ID: 20255411 |
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Building Area Building Area: 9978 Square Feet |
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Not Senior Community |
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Has an HOA |
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Lot Area: 140 Acres |
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Disclaimer: Information not guaranteed. Buyer to verify all information. |
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Listing Agreement Type: Exclusive Right To Sell |
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Mobile Home Park Mobile Home Units: Feet |
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Mls Number: 20255411 |
Last check for updates: about 10 hours ago
Listing courtesy of Dan Murphy, (970) 209-1514
M4 Ranch Group, (970) 944-4444
Source: New Mexico MLS, MLS#20255411
Also Listed on New Mexico MLS.
Market trends in Capitan
Last updated May 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
14
2MoM
Price History for 398 Pine Ldg
| Date | Price | Event | Source |
|---|---|---|---|
| 06/23/2026 | $5,000,000 | PriceChange | New Mexico MLS #20255411 |
| 09/18/2025 | $9,495,000 | Listed For Sale | New Mexico MLS #20255411 |
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Assigned Schools
These are the assigned schools for 398 Pine Ldg.
- Hondo Elementary School
- PK-6
- Public
- 78 Students
6/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Hondo High School
- 7-12
- Public
- 46 Students
7/10GreatSchools RatingParent Rating AverageAs far as I am concerned Hondo High is one of only 2 schools in the state of New Mexico. The teachers are exelent and all school employees make a great effort to encourage the students to do their best.Parent Review15y ago 
Check out schools near 398 Pine Ldg.
What Locals Say about Capitan
At least 7 Trulia users voted on each feature.
92 % Say car is needed
88 % Say there's wildlife
75 % Say there's holiday spirit
70 % Say parking is easy
67 % Say people would walk alone at night
63 % Say yards are well-kept
63 % Say kids play outside
61 % Say neighbors are friendly
60 % Say it's dog friendly
55 % Say they plan to stay for at least 5 years
46 % Say it's walkable to grocery stores
45 % Say it's quiet
29 % Say there are community events
27 % Say it's walkable to restaurants
13 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Dan Murphy, M4 Ranch Group, (970) 944-4444
Agent Phone: (970) 209-1514
The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (“IDX”) program of the New Mexico Multi-Board MLS. Real Estate listings held by brokers other than Zillow, Inc. are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.
398 Pine Ldg, Capitan, NM 88316 is a 6 bedroom, 8 bathroom, 9,978 sqft single-family home built in 2022. This property is currently available for sale and was listed by New Mexico MLS on Sep 18, 2025. The MLS # for this home is MLS# 20255411.