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Co #20, Corona, NM, 88318

2beds
1baths
1,200sqft
$1,920,000
$1,600price/sqft
$11,477/moest. monthly cost
$459,080/yrincome needed

About This Home

This 810A± acre ranch outside Corona, New Mexico is a rare, legacy hunting property combining proven trophy-quality elk and mule deer with classic central New Mexico ranch character, all under the $2 million mark. Property Overview Located just outside the small ranching community of Corona in New Mexico's elevated central plains, this ranch sits in big sky country with sweeping views of multiple surrounding mountain ranges. The land has been held by the same family since it was first settled more than 100 years ago, and this is the first time it has ever been offered for sale. The setting is private and quiet, yet accessible, making it ideal as a dedicated hunting retreat, family legacy ranch, or combination recreational and livestock operation. Land, Habitat, and Water The 810A± acres feature a balanced mix of open grasslands and tree-covered country, with bands of pinon, juniper, and cedar creating natural edge habitat and bedding cover. The native short-grass prairie community common to the Corona area is well represented here, dominated by drought-tolerant species such as Blue grama, Sideoats grama, Hairy grama, and Galleta that are known to thrive at this elevation and in this climate. Gentle ridges, draws, and scattered cover take full advantage of the long views toward the surrounding ranges, offering classic glassing vantage points and natural travel corridors for game. A strong water well with a recently installed pump provides reliable year-round water for wildlife and any future livestock, an essential asset in this region. Trophy Hunting This ranch lies in New Mexico Game Management Unit 38, a largely private-land unit known for quality big game and huntable populations of elk and mule deer. As a secondary hunting zone, it offers landowner "over the counter" authorization, giving the owner flexibility and consistency in planning hunts each season. Absolute trophy elk and mule deer are regularly harvested on this ranch, with size and antler quality driven by strong local genetics and excellent habitat; the photos tell the story of the caliber of animals that frequent this property. The varied terrain, cover, and water placement make the ranch well suited for both bow and rifle hunting, with natural pinch points, bedding areas, and open feeding parks that can be hunted effectively throughout the season. Improvements and Infrastructure The headquarters retains the charm and authenticity of a historic New Mexico ranch. The original farmhouse, with additions and updates completed over the decades, serves as a comfortable hunting camp or family base while preserving its early-1900s character. The original barn, standing for more than 100 years, anchors the improvements area and speaks to the property's deep ranching roots. A high-quality set of working pens constructed from oilfield pipe was added in recent years for the family's livestock operation, offering durable infrastructure should a new owner wish to run cattle or horses. A working tractor and Jeep CJ are housed in the workshop and may convey with the ranch, giving a new owner immediately usable equipment for ranch work and hunting access. Value and Opportunity Trophy-caliber hunting ranches with this combination of history, habitat, water, and big-game quality are increasingly difficult to find-especially at an asking price under $2 million. For the first time in over a century, this ranch is available to a new steward who values both the hunting and the heritage that define it. Whether you are seeking a true destination for world-class elk and mule deer, a multi-generation family retreat, or a versatile combination hunting and cattle outfit, this Corona-area ranch stands out as an exceptional opportunity in central New Mexico.

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

2/10
Corona Elementary SchoolGrades PK-60.1 mi
1/10
Corona High SchoolGrades 7-120.1 mi

Construction

Condition

  • Year built: 1910

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating

  • Heating features: Other,Electric,Propane

Interior Area

  • Total structure area: 1,200
  • Total interior livable area: 1,200 sqft

Property

Lot

  • Lot size: 810 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Wildfire
Winter Weather
Inland Flooding
Ice Storm

FEMA Declared Disasters in Lincoln County and New Mexico

Fire
Flood
Mud Landslide
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,708$116,496
Home Insurance *$757$9,084
Property Taxes $864$10,368
Electricity $148$1,780
Total$11,477$137,724
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$393,497/yr
40% on housing$344,310/yr
45% on housing$306,053/yr

New Mexico FAIR Plan Programs

New Mexico Property Insurance Program

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,506Commercial: 306
Total Premiums$5.96M
Total Exposure$950.67M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 5.7%
5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,600This listing

vs Other Active Listings

Avg $/sqft

ZIP 88318
Lincoln County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 88318$221
Lincoln County$275

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-01Listed for sale$1,920,000

For Sale by Agent

AgentTravis Driscoll
BrokerageBeaverhead Ranch Group

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