ALBUQUERQUE, N.M. — Actor and New Mexico resident Val Kilmer has sold the bulk of his 5,300-acre Pecos River Ranch near Rowe, N.M., to a Texas oil and gas executive and his wife for $18.5 million. That’s about $14.5 million less than the original asking price two years ago.
A deed transfer filed Sept. 30 with the San Miguel County Clerk’s Office indicates Kilmer sold all but 141 acres to Benjamin A. Strickling III and his wife, Roxann, according to a published report.
The ranch originally was put on the market in 2009 for $33 million.
The potential buyers first surfaced back in April, when Kilmer’s attorney Ralph H. Scheuer of Santa Fe reported a contract had been signed but lot of details remained to be worked out.
The ranch includes several miles of the Pecos River, natural springs, hiking and riding trails and a seven-bedroom, 11-bathroom, 11,573-square-foot house along with guest quarters. The property is bordered by the Santa Fe National Forest. It’s about 22 miles from Santa Fe and eight miles from the town of Pecos in San Miguel County.
Part of the property once belonged to the late actress Greer Garson and her husband, Texas oilman Buddy Fogelson.
Darlene Streit of Santa Fe Realty Partners, a previous listing agent for the property, has said that Kilmer worked hard to build the property and it was “really a labor of love.”
Kilmer, star of “Tombstone,” “Top Gun,” “The Doors,” “Batman Forever” and a host of other films, has permits to run part of the ranch as a bed and breakfast.
San Miguel County commissioners gave the OK for the guesthouses/bed and breakfast last year but not until the actor went before the commission to try to make amends with a few neighbors irate over disparaging comments attributed to him over the years, especially from a 2003 Rolling Stone interview.