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Val Kilmer Lowers New Mexico Ranch Price by $10 Million

October 27, 2010, 6:03 am GMT

The house which has 10-bedroom was initially put on market for $33 million but is now offered for $23 million.

Val Kilmer

Val Kilmer has slashed the price of his New Mexico ranch by a massive $10 million (GBP6.7 million) in a desperate bid to sell it. Kilmer put his Pecos River ranch on the market in early 2009 for $33 million (GBP22 million).

But the sprawling 5,328-acre property, which boasts a 10-bedroom, 10-bathroom, 11,573-square-foot house, still hasn't sold. The Associated Press reports a Craigslist ad published last week lowered the price to $23 million (GBP15.3 million).

Darlene Streit of Santa Fe Realty Partners, who reportedly posted the new ad, had not responded to requests for comment as WENN went to press.

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