7 Things You Must Know About T. Boone Pickens' $250M Ranch

Monday, 04 December 2017, 04:50:37 AM. The newest title holder of most expensive property in the country is this 65,000-acre property in Texas owned by legendary businessman T. Boone Pickens.

It takes a lot of dough to buy a luxury ranch in America. And it'll take $250 million if you opt for the most luxurious of them all.

That's what business magnate and Oklahoma native T. Boone Pickens wants for Mesa Vista Ranch, located in the Texas Panhandle 30 miles north of Pampa and 85 miles northeast of Amarillo.

Landing on the market this week as the most expensive property in the country, the 65,000-acre property is jointly listed with Hall and Hall and Chas. S. Middleton and Son.

The two listing agents will team up again, as they did with billionaire businessman Stan Kroenke’s $725 million purchase of a 510,000-acre ranch in Texas last year. Forbes called Kroenke’s compound, the W.T. Waggoner Ranch, "likely (the) most expensive ranch ever."

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Here’s what that kind of money can buy.

Media: Fortune

According to Pickens’ personal statement about the sale, he says divesting the property is “the prudent thing for an 89-year-old man to do.”

He snapped up this property 46 years ago, beginning with 2,900 acres and building up from there, diving deep into his conservation efforts by pouring millions of dollars toward wildlife management of the land.

Quail hunting at the ranch remains among the country’s best (“the world’s best,” according to Pickens), and cattle grazing is kept to a minimum—just 400 to 500 cows, which is small for a parcel this immense.

In his statement, Pickens also mentions the sale’s proceeds will pad the $1 billion in charitable giving he already provides through the T. Boone Pickens Foundation.

In all, there are six structures on the property, plus a few buildings used for staff housing—obviously, a workforce is needed to run this place.


The post 7 Things You Must Know About T. Boone Pickens' $250M Ranch appeared first on Real Estate News & Insights | realtor.com®.

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