Gene Hackman’s ranch in Santa Fe could come with a big price tag

The large estate that the late Gene Hackman and wife Betsy Arakawa called home in the Santa Fe area could be worth millions if it hits the market. 

The 12-acre property is located northeast of Santa Fe, the capital of New Mexico. 

In late February, police discovered the actor and his wife, a classical pianist, deceased. They were ages 95 and 65, respectively, at the time of their deaths. 

Gene Hackman and wife Betsy Arakawa arrive at the 60th Annual Golden Globe Awards in Los Angeles on Jan. 19, 2003. (Kevin Winter/Getty Images)

GENE HACKMAN, WIFE FOUND DEAD AT SANTA FE ESTATE: WHAT TO KNOW ABOUT THE PROPERTY

A realtor recently told the Daily Mail the Hackman property could go for $5 million should it get listed. 

The agent said the home “is big, stylish and has great bones, so there will be interest.” Its ties to a Hollywood star could help its price, according to the outlet. 

The sprawling Santa Fe property has two homes on it, one of which existed when Hackman bought it and another he built about 25 years ago, Realtor.com reported in February.

The actor told Architectural Digest in 1990 that he put the property’s original home through a significant revamping. He turned to architects Harry Daple and Stephen Samuelson for that endeavor, according to the outlet. 

“Because Hackman and Arakawa were so fiercely private about their home life, it’s difficult to know exactly how many updates and upgrades they made to the property during the 20-plus years that they lived there,” Realtor.com executive editor Charlie Lankston told FOX Business on Thursday. 

“In 1990, Hackman revealed he had made extensive changes to the home, which was in a state of disrepair when he purchased it,” Lankston said. “In 2000, he built another home on the same land, and in the 25 years since then, he’s added a number of external structures, including the garages where rodent activity was discovered. There were only four bedrooms and one bathroom in the home when Hackman bought it. However, he and his wife added many more rooms during their ownership, all of which would add to the value.” 

This view shows the entrance to the Santa Fe Summit neighborhood where the late actor Gene Hackman lived in Santa Fe, N.M. (RONALDO SCHEMIDT/AFP via Getty Images)

The massive renovation that Hackman detailed in 1990 involved tearing down walls, creating a living area and making the ceilings significantly taller, according to Architectural Digest.

The actor reportedly incorporated multiple styles, such as Pueblo, colonial New Mexico and Spanish Baroque, into the home during the remodel. 

Lankston said estimates have put the home’s value “anywhere between $3.8 million and $4.5 million, with many headlines placing it at $4 million exactly.” 

The Santa Fe ranch has belonged to Hackman since the 1980s.

New Mexico officials said Arakawa died around Feb. 12 and the Oscar-winning actor passed about a week after her. Her cause of…