Don’t tell Val Kilmer that the recession is over. His earth-loving New Mexico ranch has been on the market for well over a year — and this “Batman Forever” actor is ready make a quick-for-cash deal. The Website for his Pecos River Ranch has recently been changed to say, “Recognizing current global economic conditions, the offering price has been reduced to 46% of its asking price to $18.5 million cash.”
As Ecorazzi reported in October (when the ranch’s price tag dropped a whopping $10 million to $23 mill), Kilmer’s original business plan was to develop homes here, constructed with indigenous materials, solar panels, and a wind turbine system. The homes would have been in the midst of habitat heaven. The ranch’s sales materials elaborate: “An elevation range of 5,500 to 7,250 feet provides abundant habitat which Val Kilmer revived by eliminating cattle grazing about 10 years ago. His commitment to land preservation is second to none in the Western United States.”
Adobe, flora and fauna, oh my! Sounds like a steal at this recent price reduction. Anybody else getting a 2010 tax credit for installing energy-efficient devices in their homes? Maybe we can all use that savings and start a groovy co-housing community there. Do you think Mr. Kilmer can wait for us to pool our funds?