Largest Ranch in the US available for $725 Million
$725M for Largest Ranch in U.S.
DAILY REAL ESTATE NEWS | WEDNESDAY, JULY 22, 2015
The largest ranch in the U.S., spanning 798 square miles and more than six counties, has hit the market in Texas for $725 million. The property is bigger than Los Angeles and New York combined.
“It takes days to see it all,” says Bernard Uechtritz, a co-listing broker of the property, known as the W.T. Waggoner Estate Ranch. It has more than 1,000 oil wells, 6,800 cattle, 500 quarter horses, and 30,000 acres of cropland.
The ranch has been owned by the Waggoner family for more than a century. Last year, a judge ordered the sale of the property and appointed Uechtritz and a co-broker to market the ranch worldwide. The court ruling came after a 20-year legal battle in which the Waggoner family couldn’t agree on whether to liquidate the property or split it up among themselves.
Uechtritz says it’s possible a new owner might sell the property off in pieces. So far, 600 buyers have expressed an interest in the ranch.
It’s expected to make history once it sells, Bloomberg reports. “At almost three-quarters of a billion dollars, the asking price is more than quadruple the biggest publicly known sum fetched by a U.S. ranch, $175 million for a Colorado spread in 2007. The Waggoner is one of the 20 largest cattle ranches in the U.S. and is known worldwide for its quarter horses,” according to the report.
Source: “For $725 Million, You Can Buy a Texas Ranch That’s the Size of a Small Nation,” Bloomberg (July 21, 2015)
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