Laughing Sheep Ranch

Laughing Sheep Ranch

Laughing Sheep Ranch

Lincoln, Lincoln County, New Mexico, 88338, USA

For Sale


  • LS-river
  • LS- tree and pond
  • Laughing Sheep Ranch Sunset casting
  • LS-round pen mountain
  • LS-greenhouse 2
  • LS-running river
  • Laughing Sheep Ranch Pond Sunset
  • LS-pond and geese
  • LS-geese on pond
  • Laughing Sheep Ranch river casting
  • Laughing Sheep Ranch River Fishing 4
  • Laughing Sheep Ranch Trout in net
  • Laughing Sheep Ranch Fish Close up
  • Rainbow Trout
  • Laughing Sheep Ranch huge trout
  • Laughing Sheep Ranch Large Trout
  • LS-pond 5
  • LS-pond 4
  • LS-pond 6
  • LS-pond 3
  • LS-pond 2
  • LS-pond 1
  • LS-pasture and tree and hill
  • LS-pasture and shade tree
  • LS-pasture and hills
  • LS-irrigated pasture
  • LS-pasture and tree with sun
  • LS-water and tree
  • LS-house patio
  • LS-house exterior
  • LS-pond and geese
  • LS-green grass
  • LS-grass and trees
  • LS-grass and pond
  • LS-cattle
  • LS-cabin interior
  • LS-cabin interior 2
  • LS-tile room
  • LS-kitchen
  • LS-pasture and tree

Property ID :



+/-84.65 Acres (deeded)


Offered at $2,700,000 the Laughing Sheep Ranch is a water-rich, multi-purpose and versatile property. It is currently is active livestock production ranch. Possible other uses could easily be:
– Recreational or legacy property
– Working farm
– Equestrian property
– Income-producing dude ranch or wedding venue

The property features 1.25 +/- miles of Rio Bonito river frontage on mostly both sides, lush green irrigated pastures, five blue-ribbon stocked fishing ponds, wooded areas, wetlands and great views of the Capitan Mountains, all within a 30 minute drive to the mountain resort town of Ruidoso. Enjoy tremendous fishing, waterfowl hunting and elk hunting as the property is eligible for one landowner, unit-wide elk tag in GMU 34. Only 2 miles to the east of the ranch is downtown Lincoln, home the famed Billy The Kid, the Lincoln County Courthouse and the Lincoln County Wars. This famous and important piece of western history is alive and well on the ranch and artifacts from that time are still found on the property.

Historically, the current owner has run a farm-to-table restaurant, dude ranch and livestock operation on the land. The irrigated land can support approx 45 pairs of cattle and the current owner runs 30 pair of sheep as well. In past years it has supported 300 head of sheep. However, the possibilities of this property are many. With multiple building sites to choose from, the property could become a luxurious legacy property or second residence with tremendous recreational value. The park-like setting of 42 irrigated acres, with 17 more acres sub-irrigated, the five beautiful ponds, the winding live water stream, mountain views and wooded areas are among the many attractive amenities this property has to offer.

Acre-for-acre, this is one of the most well-watered properties you can find. The property comes with 42 acres of deeded water rights. The water is served by a private irrigation ditch with with no other neighbors in line. There is also a supplemental irrigation well as backup to the surface water sources. The reserve well is permitted and the water rights documented. The property also features two large springs. Because of the abundance of water already on the property, the owners have never been compelled to develop the springs, but they sit as another potential source of water for a future owner. The 5 large fishing ponds are also water tanks for the irrigated pastures. Each tank is piped to one another and each have valves which are used for some of the flood irrigation. Each pasture has redundant irrigation systems, allowing the operator to choose from flood irrigation or sprinkler irrigation.

The main home is a 1700+/- sq. ft ranch home with 3 bedrooms and 2 bathrooms. Wood burning stoves, a central heating and central cooling system keep the home heated and cooled. A hot tub sits on the back porch with great views of the pastures, mountains and ponds. In addition to the main home, there are a series of 5 guest cabins throughout the property. The cabins are spread throughout different parts of the property and strategically located to give each it’s own personality and experience. The cabins are great for guests or can be used for revenue. There is also a 4500 sq. ft. restaurant building with 2 small apartments on it’s second floor for additional housing options. The restaurant building could also be converted into a residential structure or used for a variety of purposes. It features a large stone fireplace and floor-to-ceiling picture windows with tremendous views.

42 acres of irrigated pasture are at the heart of this property. There are 5 pastures for livestock rotation, all with good fencing. There is a new set of cattle pens and chutes, just built in 2019. The property has a 90’x110′ barn with 8 stalls, large tack and feed rooms and a small shop. There is also a beautiful 60′ round pen. There are two very large greenhouses with heating and cooling systems. These greenhouses once grew the produced used in the restaurant and are now used by the owner for personal use and enjoyment. As mentioned before, the irrigation systems are redundant, giving the owner a choice between flood irrigation or sprinkler irrigation. All pumps and systems are in top working condition and maintained regularly.

Canning Bar 6 Ranch sits 5 miles from the historic downtown of Lincoln, New Mexico. This little town is the home of Billy the Kid and the Lincoln County Wars. This place was an important crossroads of the American West and there are many historic things to see and experience in the immediate area. Only 30 minutes from the ranch is the popular mountain town of Ruidoso, New Mexico. Skiing, museums, hiking, fishing restaurants and golfing are all top notch in Ruidoso, making it a wonderful recreational option for the Laughing Sheep Ranch.

Additional Details

  • Fishing: Trout, Catfish, Bass
  • Hunting: Elk, duck
  • Animal Units: 60-80 pairs
  • Pens: Yes
  • Corals: Yes
  • Chutes: Yes
  • Water Rights: 42 Acres
  • Irrigated Acres: 42
  • Wells: 2
  • Springs: 2
  • Earth Tanks: 2
  • Perimeter Fenced: Yes
  • Pastures: 4

Property Video

Laughing Sheep Ranch

Property on Map