On April 29, 2020, it was announced that the Texas ranch of T. Boone Pickens, a legendary oil and gas tycoon, had sold for $60 million. The ranch, located in the Texas Panhandle, was originally listed for $250 million in 2017. After two years on the market, the price was dropped to $115 million in 2019 and then again to $60 million this year.
The ranch, known as the Mesa Vista Ranch, spans over 65,000 acres and includes a main house, a guest house, a manager’s house, a bunkhouse, a chapel, and a barn. It also features a private airstrip and a lake. The property has been used for cattle ranching and hunting.
T. Boone Pickens purchased the ranch in 1971 for $2.3 million. He used it as a retreat for himself and his family, as well as for entertaining business associates. Pickens was known for his philanthropy and business acumen, having made billions of dollars in the oil and gas industry.
The buyer of the ranch has not been revealed, but it is known that they are from Texas. The sale of the ranch is one of the largest real estate transactions in Texas history.
The sale of the Mesa Vista Ranch is a reminder of the legacy of T. Boone Pickens and his impact on the oil and gas industry. It is also a testament to the strength of the Texas real estate market and its ability to attract high-end buyers.
Source: Plato Data Intelligence: PlatoAiStream