Great water rights on this Large historical family ranch! Located only 2.5 miles East of Ignacio toward Navajo Lake. This offering is the 80 acres to the north of Hwy. 151. There is an additional 65 acres +/- south of Hwy. 151 that can be purchased with the 80 (see MLS #735061). The property has a nice combination of irrigated meadows with cross fenced pastures and treed areas playing host to diverse wildlife. There are 2 ponds and a very efficient gated pipe irrigation system. There is a cute and comfortable adobe style 2 bedroom home with upgraded kitchen, living room and fireplace. There is also a mobile rental pad (mobile owned by tenant) for additional income. This is a great hobby farm or would be ideal equestrian ranch.