Burson Rita Blanca Creek Ranch, a more than 11,500-acre property in the West Texas panhandle, was sold to a new owner for $15.8 million.
The ranch encompasses more than 18 square miles and includes tall mesas, rocky canyons, a wooded creek, and a 16-acre lake. An on-property owner’s residence boasts 4,474 square feet and several outbuildings. It also includes a second “manager’s” residence, with more than 2,400 square feet of space.
Burson Rita Blanca Creek has been used for cattle and hunting and was previously a part of the famous XIT Ranch, which was once considered the largest cattle ranch in the world and totaled 3 million acres.
The history of the property dates to the 1880s when the State of Texas sold land in the panhandle to Chicago buyers to finance a new capitol building in Austin. Now the property belongs to Drew Knowles, a Colorado businessman and descendant of the original owners.
Knowles was previously an investment firm operator living in Colorado. Now he runs a horse farm that he plans to expand to the Texas ranch, according to property broker Monte Lyons of Hall and Hall Real Estate.
“The topography of the Burson Rita Blanca Creek Ranch is stunning, with the wide fertile valley of Rita Blanca Creek running down the center of the ranch from north to south and being flanked by high mesas on either side,” according to property brokers Hall and Hall.
