A starchitect-designed main house and a Wild West movie town are part of the $48 million property.
There’s no guarantee a home will find a buyer, not even with the star power of celebrated fashion designer, perfumer, and filmmaker Tom Ford.
Hence, the 58-year-old fashion icon slashed the price of his stunning 22,000-acre New Mexico ranch by $27 million from $75 million to $48 million.
It is surprising that Ford has not been able to sell his Cerro Pelon Ranch since 2016.
The Galisteo Basin, southeast of Santa Fe, is one of the most visually-stunning areas of the Southwest, which makes the vast ranch surprisingly beautiful.
In addition, Ford commissioned renowned Japanese architect Tadao Ando to design a spectacular, single-story modern concrete compound overlooking a serene reflecting pool after he purchased the ranch in 2001.
The ranch is also home to Silverado, a complete western movie town. Originally built in 1984 as a set for Lawrence Kasdan’s epic, Silverado, the location has also been used for such classic westerns as Lonesome Dove, All The Pretty Horses, Cowboys and Aliens, and 3:10 to Yuma. Chris Hemsworth appeared in the Marvel romp Thor in 2011.
In 2001, Montana rancher Bill Cook and his wife Marian sold the entire 22,000-acre ranch to Ford, which changed its name to Cerro Pelon Ranch. Cerro Pelon means, rather unflatteringly, Bald Hill.
His main residence was designed by Pritzker Prize-winner Ando to complement the rugged landscape around it. Self-taught architect, he has been responsible for the Armani Teatro in Milan, Fort Worth’s Modern Art Museum, and Ground Zero Project in lower Manhattan.
This bunker-like home has a flat roof and appears to float above a shallow, lake-like reflecting pool. Its open-plan interior features a living area that flows seamlessly into a bedroom.
A photograph of the home’s interior has yet to be released, and listing broker Kevin Bobolsky declined to disclose any further details about the property.
A modern horse barn with eight stalls and indoor/outdoor riding arenas, along with literally hundreds of miles of trails, is adjacent to the home, which was designed to satisfy Ford’s passion for riding.
Internationally-known architects Marmot Radziner, who also built the main house, designed and built two private, stand-alone guest houses nearby.
In addition to the tennis court, the property includes four staff quarters, an office building, hidden warehouses, as well as a private runway and hangar.
Ford’s $27 million price adjustment suggests that he is keen to find a buyer for the ranch and move on.
According to reports, he sold the 3,795-square-foot Richard Neutra-designed 1950s Bel Air Mansion for million last month.
Rumors say he bought Halston’s former Upper East Side party house for million in January. He’s not about to become homeless.
The Ford Motor Company was also reported to have purchased the sprawling Beverly Hills mansion once owned by actor William Powell (of The Thin Man series) and Bond movie producer Albert Broccoli in 2016 for a staggering $53 million.
He also owns the Holmby Hills estate that belonged to the late socialite and philanthropist Betsy Bloomingdale, which he bought for $38.75 million in 2016.
Tom Ford may miss his New Mexico ranch when it sells. He recently told Forbes of his desire to live a simpler life: “I am happier at my ranch in the middle of nowhere, watching a bug carry leaves across the grass, listening to silence, riding my horses, and being in open space.”
