Media mogul John Malone closed this week on a 290,100-acre ranch whose original asking price in 2007 was $115 million.
More recently, the working cattle ranch, known as Bell Ranch, was listed for $83 million with 40,000 acres added; they were included in Malone’s purchase.
The Liberty Media chairman, whose media interests include QVC and investments in Time Warner Cable and concert promoter Live Nation Entertainment, purchased through a limited-liability company he formed with his wife, Leslie, records show.
The property, 150 miles east of Santa Fe, covers more than 450 square miles, nearly triple the size of Denver. It has a more than 10,000-square-foot, eight-bedroom main house, plus a pool, airstrip and tennis court. Large enough to have its own ZIP code at one point, the ranch also has barns and other structures, and the Canadian River runs through it.
Malone has bought land in Maine, Colorado, Wyoming and elsewhere in New Mexico. He declined to comment through a representative. Dow Jones Newswires
