Biggest ranch asks $725M: Waggoner Ranch For Sale
Published: May 20, 2015
Biggest ranch asks $725M: Waggoner Ranch For Sale, The biggest ranch in America that stretches over 510,000 continuous acres – that’s 796 square miles, making it a plot of land bigger than the island of Oahu – has gone on sale for $725million.
Realtors are hoping the Waggoner ranch in north Texas will become the most expensive estate in the world – after slapping the huge price tag on it in the hopes of attracting a Silicon Valley entrepreneur or oil tycoon.
Cattle baron Dan Waggoner established the estate in 1849 – and it has operated with its backwards ‘D’ logo ever since.
The estate includes the 510,000-acre ranch spread over six North Texas counties, with two main compounds, hundreds of homes, about 20 cowboy camps, hundreds of quarter-horses, thousands of heads of cattle, and 30,000 acres of cultivated land, according to Dallas-based broker Bernie Uechtritz, who is handling the sale along with broker Sam Middleton of Lubbock.
Oil was discovered on the property in 1902 and there are now more than a thousand wells spread across the property.
HOW TS-EX- RANCH MEASURES UP
W.T. Waggoner Estate Ranch – 796 square miles
Oahu – 597 square miles
New York City – 305 square miles
Dallas – 340 square miles
Heirs and stakeholders currently occupy two of the three principle houses and much of the estate has not yet been explored for oil and other mineral reserves.
Uechtritz says The Waggoner Ranch estate falls within a ‘super asset class,’ akin to selling the ‘Statue of Liberty’ of cowboy culture.
He added: ‘It is an extremely rare piece of property, not only because of its individual attributes but you likely simply cannot buy this amount of contiguous ranchland under one fence anywhere else in the world.
‘Certainly there are none, however large, that have the exact qualities, history and potential upside of this property .
‘There are 510,000 acres on the estate, making it the largest ranch in the United States under one fence. It’s a record breaking price because it is a completely unique offering.
‘This is a legacy property having never been on the market before and been in the same family for the past 160 years since the 1800s.
‘There are 510,000 acres on the estate, making it the largest ranch in the United States under one fence. It’s a record breaking price because it is a completely unique offering.”
‘What really sets it apart is that all this land has been kept together under one fence by one family for nearly 100 years, and its history in the settling of the West,’ said court-appointed receiver Mike Baskerville.
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