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DescriptionSixteen Mile Draw Ranch is located in SE New Mexico close to the community of Hope. This ranch is composed of +/- 1671 deeded, +/- 6295 State Grazing Lease, and +/- 7195 BLM Grazing Lease, together with ranch improvements and 378 head year long grazing allotment. This ranch also includes farm fields with 540 acres feet per annum of water rights. The subject water rights are surface rights from the Penasco River, a tributory of the Pecos River. The water rights have a priority date of 1887. The ranch has 2 homes, barns, corrals, and state of the art working facility.
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