RIO RANCHO, N.M. — The massive King Brothers’ Alamo Ranch northwest of Rio Rancho is up for sale with a $33 million price tag, according to a report in the Rio Rancho Observer.
Since its purchase in 1961 by the late Gov. Bruce King and his brothers, the property is considered to be one of New Mexico’s legacy ranches.
The working ranch encompasses 60,000 deeded acres and 14,000 leased acres of state land, according to Hall and Hall Real Estate.
The ranch also borders Zia Pueblo to the north and Laguna Pueblo to the west and south. Rio Puerco, a tributary of the Rio Grande, marks the ranch’s western boundary.
The terrain consists of rolling grassy hills, sandstone bluffs, canyons and mesas — all complemented by dramatic views.
The habitat is a favorite of elk, mule deer, pronghorn antelope, quail, Barbary sheep and mountain lions.
“I think the family just feels it’s a good time to sell, given the ranch market,” said Jeff Buerger, a broker for Hall and Hall.