Kilmer Slashes Price Of New Mexico Ranch By $10 Million

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 (ends22Oct10) 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.