Val Kilmer sells most of NM ranch for $18.5M

October 14, 2011 - 10:05 AM

SANTA FE, N.M. (AP) — Actor Val Kilmer has sold the bulk of his 5,300-acre ranch in northwest New Mexico to a Texas oil and gas executive and his wife for $18.5 million.

The Santa Fe New Mexican (http://bit.ly/nEgGYn) reports the deed transfer filed Sept. 30 with the San Miguel County Clerk's Office indicates Kilmer sold all but 141 acres to Benjamin A. Strickling III and his wife, Roxann.

Santa Fe attorney Ralph H. Scheuer handled the agreement for Kilmer and declined to comment on whether the star whose movies include "Tombstone," ''Top Gun" and "The Doors" would keep a home in northern New Mexico.

The ranch originally was put on the market in 2009 for $33 million.

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Information from: The Santa Fe New Mexican, http://www.sfnewmexican.com