The Canadian River runs for five miles through the heart of Dos Caballos Ranch, a spectacularly beautiful 10,000± acre property two hours northeast of Santa Fe, NM. The ranch encompasses both banks of the river, which courses through a 500-foot-deep canyon with immense stone cliffs and rock overhangs.
While the Canadian River defines Dos Caballos, the terrain throughout the ranch is equally dramatic with narrow, finger-like canyons, arroyos, mesas, and plateaus. Large cottonwood trees, willows, box elders, and elms line the river banks while piñon, Gambel oaks, juniper, and ponderosa pine grow on the high ground. Native grasses, including buffalo, blue stem, and grama thrive here.
Numerous catchments, drainages and dirt tanks provide water for livestock and abundant wildlife. Located in Game Management Unit 47, the ranch is home to elk, deer, bear, Barbary sheep, black bear, pronghorn, mountain lion, bobcats, ringtail cats, and Merriam’s turkey, as well as small game animals and birds.
Improvements are high quality and located for maximum privacy and security near the center of the ranch, with the two main homes accessed by gated roads. The 3,800± square-foot Mediterranean-style owner’s home, built on a high plateau, overlooks the confluence of two vast canyons with a view of the Sangre Cristo Mountain Range to the west. Other improvements include the lovely River House, which is ideal for guests; an equipment shop; and a hay shed and pen.
In New Mexico, property with live water, particularly a significant river, is very valuable and challenging to find – rare, in fact. Dos Caballos Ranch offers the best of a river ranch property with diverse terrain and many recreational possibilities.
Just the Facts
- 6,980± deeded acres
- 3,110± acres of state lease
- 5+ miles of both banks of the Canadian River
- 25± miles east of Wagon Mound via Highway 120
- Approximately one-hour drive to Las Vegas Municipal Airport
- Two-hour drive to Santa Fe
- 4,000± sq. ft. primary residence
- 1,900± sq. ft. manager’s home
- Equipment shop and three-stall horse barn
- 4,900 to 5,600 elevation
- Abundant wildlife
- Game Management Unit 47
- Close proximity to the Kiowa National Grasslands
- Private and secluded
- Varied topography, multiple canyons, arroyos and drainages
- Indian artifacts
The ranch encompasses both banks of the river for its entire length through the property. Numerous small tributaries of the Canadian also run through the ranch, while natural catchments and water holes provide year-round water for livestock and wildlife alike.
The land is stunningly beautiful, stark, raw and rugged, cut through with canyons and arroyos. Atop the mesas, blue stem and several varieties of high-protein grama grasses grow in natural pastures. Cottonwoods, willows, box elders, and elms grow along the river while the canyon slopes and rims are forested with stands of piñon, juniper, Gambel oak, and ponderosa pine. Throughout the ranch there are flake sites and evidence of habitation from ancient peoples – a testament to the enduring allure of this land.
Las Vegas, NM, about an hour’s drive southeast of the ranch, is a regional center for shopping, commerce, and medical care, with Alta Vista Regional Hospital providing a range of services, including cardiac and surgical care.
The Las Vegas Municipal Airport, a public general aviation airport, is an hour from the ranch. The Albuquerque International Sunport offers numerous nonstop flights daily on major airlines to cities throughout the United States, and is about three hours’ driving time southwest of the ranch. The Rick Husband Amarillo International Airport, about three hours southeast of the ranch in the Texas Panhandle, has nonstop commercial flights daily to Dallas-Fort Worth, Houston, and Denver.
Most of northeastern New Mexico is sparsely populated. Santa Fe, however, is an easy drive south on Interstate I-25, about 2.5 hours from the ranch. Founded by the Spanish in 1610, Santa Fe famously retains its old-world charm with the 400-year-old Palace of the Governors and Spanish Pueblo Revival-style buildings throughout the city center. As one of the most interesting and eclectic art centers in the United States, the city draws painters, photographers, musicians, and performing artists from around the word.
The ranch rises in elevation from 4,900 to 5,600 feet above sea level.
Acreage (Deeded & Leased)
Taos Ski Valley Resort, Taos, NM
Taos Ski Valley Resort offers a variety of runs for skiers of all levels. The resort village is in the Sangre De Cristo Mountains, about 18 miles northeast of the town of Taos, and is open year round for hiking, horseback riding, and tubing in the summer.
Capulin Volcano National Monument, Capulin, NM
Visitors can hike to the top of the Capulin Volcano at the Capulin Volcano National Monument or linger in the visitor’s center to learn about the region’s rich geological and archeological history. Located near the tiny town of Capulin, NM, and only eight miles from the Folsom Man site, where the famed Folsom Points (9500 to 8000 BCE) were discovered, the volcano sits at what was once the crossroads of an ancient culture.
Ute Lake State Park, Logan, NM
Ute Lake State Park surrounds an 8,200-acre reservoir, formed by damming the Canadian River. The reservoir, located two miles west of Logan, is home to large-mouth bass, crappie, catfish, and walleye.
Conchas Lake State Park, Conchas Dam, NM
The Conchas Lake State Park in San Miguel County, northwest of Tucumcari, has secluded coves and sandy beaches with excellent camping, boating, and fishing.
Santa Fe, NM
Santa Fe, NM, long a favorite of artists and musicians, needs no introduction. New Mexico’s state capital celebrates its 400-year-old Spanish colonial heritage and rightful place as a heralded center for fine arts and cuisine. The Santa Fe Opera, a fixture since 1957, has earned an international reputation, drawing thousands of operaphiles to the stunning open-air Crosby Theatre in July and August.
Secluded but inviting, the 4,000± square-foot Owner’s Home sits high on a mesa overlooking both the Alamito and Canadian River canyons. The house faces east to take advantage of the rising sun and has spectacular views to the west of the Sangre de Cristo Mountains.
The architecture blends classic Mediterranean style with the charm of a Northern New Mexican hacienda, and the result is exquisite. The home lives larger than it is, with public rooms designed to bring the outdoors inside.
The house was custom built in 2000, using Rastra Insulated Concrete Forms (ICF) for the exterior walls. The forms, filled with concrete, lock in place and remain in the structure for strength and insulation. The concrete construction inhibits fire and smoke damage and resists mildew, fungus, and frost damage. Copper gutters and copper-clad window trim and doors accent the exterior. Hand-made antique farmhouse tiles imported from Italy cover the colorful roof. Stones gathered on the ranch were used for the exterior stonework.
The home has three levels: the main living area, a tower with a den designed for entertaining and enjoying the views, and a lower level with two garages, one a two-car, the other a single Jeep size.
Reclaimed materials are used throughout to create a warm ambience. The living room floors are reclaimed pine. Hand-hewn square antique beams salvaged from East Coast barns support the kitchen ceiling. The floors in the bedrooms are solid cherry. Hand-plastered interior walls are tinted in soft earth tones to complement the surrounding landscape. The family room has a wood-burning Mumford fireplace with stone facing and mantel.
The groin-vaulted and gilded foyer ceiling features custom-made mosaic tiles commissioned from a noted artist to depict flora and fauna found on the ranch.
The kitchen is a chef’s dream, outfitted with commercial-grade, stainless steel Viking appliances, including a gas and electric range, warming drawer, refrigerator, and ventilation system. Countertops are granite, as is the top of a 5’x12’ island. Floor tiles in the kitchen were reclaimed from a French country house. A combination pantry and laundry room also has a refrigerator, freezer, and trash compactor.
Each of the three bedrooms has a private bath with marble vanities, tub, and separate shower. The master suite has large walk-in closets and a stacked washer and dryer. There is a fourth bathroom with a shower off the foyer.
The Main House has hydronic floor heat, a solar hot-water heating system, and a 1,000-gallon propane tank, which is hidden from view. Additional features include a dumb waiter from the house to the garage, which also has in-floor heat.
The River House
Ideal for guests or a resident manager, the 1,900± square-foot River House is secluded in the heart of the Canadian River Canyon. The home has three bedrooms, each with a walk-in closet; two baths with alabaster countertops; solid hickory floors in the main living areas; and tile floors in the kitchen and baths. The home has forced-air heat and air conditioning, propane, and electricity.
The ranch is on the grid with electricity provided by the Springer Electric Co-op. Water to the Owner’s Home is supplied and metered by the town of Roy via a 10-mile pipeline, with shut-off valves at 1.5-mile intervals. A river well with a terminal faucet located about 100 feet from the Main House supplies water for the horse barn and two storage tanks with a combined capacity of 25,000 gallons, which the current owners fill two to three times a year. Water to the River House is supplied by three connected wells, which fill a large holding tank. A booster pump in the well house pressurizes the water. All the wells on the property are permitted.
Horse Barn and Paddock
The three-stall horse barn of solid Pumice-Crete® construction was designed to match the style of the Owner’s Home. The 28’ x 30’ barn has water and electricity. There is a steel-fenced paddock and an 80’ x 120’ outdoor arena with turnout and moveable panel pen.
Two large reservoirs on the Canadian River, the Ute Lake Reservoir and the Conchas Lake Reservoir, each about 80 miles from Dos Caballos, offer recreational opportunities and sport fishing for large-mouth bass, catfish, crappie, and walleye.
The ranch is in Game Unit 47, outside the core elk range. Elk tags are available on an individual basis through arrangements with surrounding land owners and the New Mexico Game and Fish division.
Beyond the ranch, there are excellent opportunities for winter snow skiing and outdoor recreation. The Taos Ski Valley Resort, about two-and-one-half hours northwest, is known for its challenging runs with chutes and bowls. Hiking, camping, and fishing is fantastic in the Carson National Forest, about two hours west, and in the storied Pecos Wilderness, about two hours south of the ranch.
Other PropertiesMore Like This
Fence Lake RanchFence Lake, NM
Spanning 7,697± deeded and unimproved acres, this offering represents the unique opportunity to acquire a large and easily accessible acreage with quality rangeland and trophy big game hunting potential in western New Mexico’s GMU 12.
High Timber RanchTierra Amarilla, NM
Encompassing 3,359± deeded acres outside of Chama, New Mexico, this diverse holding combines premium mountain land and big views with excellent big game hunting, grazing, tasteful improvements, and miles of trout stream.
“Most brokers have a strong sense of independence, so brokerages work around that, but Hall and Hall is not about the one working alone—their strength and longevity is built on the group, on the family,” explains Tyler Jacobs. “It’s the basic fundamentals and traditional values that we’ve thrived on since the company was founded back in 1946.”
Our Hall and Hall broker, Randy Shelton, kept us in the loop as though it were. Our sale hinged on that of larger surrounding parcels, and when an initial offer fell through, Randy went back to the drawing board and found a suitable buyer who shared our values. That meant a lot to us, as our property had been in the family for more than 100 years.
From the first time I walked through the door, I sensed Hall and Hall’s highest goals were to understand who I was and build a relationship, to understand what made my property special, and to find the buyer. Their discipline and focus was apparent. Throughout the entire process, their approach towards reality was different from the experiences I have had previously. Genuine would be the word I would use to describe everyone at Hall and Hall.
I interviewed 4 agents and selected Hall and Hall because of the agency’s reputation for expertise in high end ranch property and global marketing. I had the pleasure of working with Tim Murphy on the sale of a family property in the Paradise Valley, Montana. We believe he represented our family interests well and contributed to the integrity of the property by joining together buyer and seller and a shared love for this special place in our lives.
Bill McDavid was an outstanding and very patient partner in this sale. His expertise in the market and marketing of the property was excellent. I would use him again in a heartbeat to either buy or sell a ranch property.
“Guns, bear spray and handsaws: These aren’t the tools of your average luxury real-estate agent. But ranch brokers like Mr. Murphy, a Bozeman-based partner at Hall & Hall, occupy a unique and increasingly challenging niche in the world of multimillion-dollar property.”
“When it was time to invest in a ranch for our family, we knew we needed to work with Hall and Hall. The expertise is unsurpassed.”
In 1988, Joel Leadbetter became a partner at Hall and Hall where he has been instrumental in completing complicated, high-profile deals such as the recent sale of Texas’ historic 512,000-acre Waggoner Ranch.
“The professionalism, preparation, and overall positive demeanor exhibited… were truly impressive… I have never before worked with a more dedicated, knowledgeable, and level-headed sales professional.”
I had been looking for the right property for several years and Elliott Davenport’s insight into the quail plantation market and his ability to think strategically was instrumental in helping me find our new place. Elliott was helpful on all technical aspects of contracting and due diligence. His post closing help with hiring and contractors made the process much easier as well.
I have purchased 4 ranches through Hall and Hall over the past 20 years, and there is simply no other team in the world like them. They have navigated complexity, professionally attended to every detail, operated with fairness and integrity, and demonstrated an unwavering commitment to me– whether representing me or the person on the other side of the deal.