While I don’t know about you, I know I don’t have have $18.5 million sitting around waiting to invest in property, but if you did you might be tempted to acquire one of the ultimate environmentally friendly homes/parcels of land that’s ever been on the market. While $18.5 million sounds like an awful lot (which it is) it also represents almost 50 percent off of the original asking price when it went on the market over a year ago.

The land and home is the New Mexico ranch of actor Val Kilmer who originally purchased the acreage with the intention of developing eco-friendly homes throughout the property. A series of upscale homes developed with indigenous materials, solar panels, wind turbine power and the very best in green construction technology was the initial plan for the land which as of today has not come to fruition. However Kilmer originally selected the site due to its location and potential which remains in place. The original asking price of $33 million was never met so in relative terms the current asking price truly would be a bargain if you’re in that price range. To be fair it would be hard to think of a more beautiful location when you look at the photographs of the Pecos River Ranch location, it’s truly breathtaking.

Kilmer, the star of ‘The Doors’ and ‘Batman Forever’ originally acquired the property in 1997 but the prevailing economic conditions have led to a large drop in price. The ranch offers over six miles of trout fishing, canyons, forests, a stable and meadows and is located about a 45 minute drive from Santa Fe. The primary residence is a 5,600 square foot log and stucco eco-friendly home and the land also includes two other guesthouses and a property manager’s house. The actor eliminated cattle grazing when he moved in to help reestablish the natural habitats of local species and has also changed the infrastructure of the energy provisions for the homes to make them as green as possible.

Originally he had been trying to sell parcels of land within the ranch but has elected to sell the entire 6,000 acres and residences. Sadly there’s also little bit of intrigue behind the sale as various reports suggest that Kilmer has run into some problems with the IRS and also that his neighbors have been less than satisfied with his attempts to initially parcel off the land and then a short-lived proposal to launch a bed-and-breakfast plan on the ranch. Let’s hope this has a happy ending for such a beautiful location. Does it include the doors?