Just a few miles from Carlsbad Caverns is a true oasis in the desert. This property provides lots of river front along the Black River and is home to the Blue Spring headwater and boasts water falls with amazing views of the Guadalupe Mountains and El Capitan. Prime hunting and fishing. This property is approximately 3817 acres with 1175.2 acres of water rights and is used for both farm and ranch. The farm is currently leased to a farmer who has a 14 day right of first refusal. A portion of the water rights is currently leased to commercial users and the lease expires 12/31/23. All mineral and oil and gas rights of the owner will be sold with the property. A resort/retreat with four yurts is being constructed near the picturesque falls providing a potential additional revenue stream. This is an opportunity to own a one of kind property.