Pickens’ Ranch Sells After Massive Price Cut

Real Estate

Mesa Vista Ranch | Image by Hall and Hall

The ranch of the late oil tycoon T. Boone Pickens has sold at a $60 million price cut after being listed on the market in 2017. 

The property, called Mesa Vista Ranch, is located in the Texas Panhandle and stretches for over 100 square miles and almost 37,000 acres along 25 miles of the Canadian River in Roberts County, Texas, per Forbes. 

The house was originally listed in 2017 for $250 million, but it has now been bought by two separate buyers, according to broker Monte Lyons, per Insider.

Cattle rancher Travis Chester bought roughly 27,000 acres of the estate in September 2022, and the convenience store businessman Bill Kent bought the rest of the ranch in November.

While it was not revealed how much each individual sale was made for, Jay Rosser, a longtime representative for Pickens, did say that the overall sale fell within 10% of the $170 million listing price, per Insider.

The sale to Chester was real-estate-only and included some minor improvements, while the sale to Kent included much more than just the land.

“The sale of the Mesa Vista Ranch is basically ‘turnkey,’ including all rolling stock, equipment, pickup trucks, hunting vehicles, farming equipment, furnishings, bird dogs, etc.,” says the Hall and Hall website. “The only exclusions are Boone’s personal effects, livestock, and remaining art collection. The art is available to be purchased separately,”

Pickens died in September 2019 at the age of 91. He was a philanthropist, oil tycoon, and hedge-fund founder who founded the oil company Mesa Petroleum and the investment management firm BP Capital Management.

Pickens originally bought approximately 2,900 square feet of property in 1971, and the only structure on the property was a small corrugated metal livestock feed house that Pickens used to keep warm when hunting quail.

He would go on to spend an estimated $140 million to restore and improve the land, per Forbes.

These improvements included importing many metric tons of soil and building man-made lakes that could support wildlife, as reported by Forbes. 

The compound included numerous amenities, including a five-bedroom family house, a 2,250 square-foot pub, a golf course and tennis court, a chapel where T. Boone and his wife got married, an 11,500 square-foot lake house with three bedrooms, a 2,300 square-foot gatehouse with three bedrooms, a 400 square-foot gun room, and even a private airport with apartments for two pilots, as reported by TopTenRealEstateDeals.com.

Additionally, there is a 25,000-square-foot lodge and conference center, a commercial kitchen, a library with a spiral staircase, a thirty-seat theater and media room, and a wine cellar.

The list of amenities continues with an 11,000-square-foot dog kennel that also has a veterinary lab and a 3,600-square-foot enclosed air-conditioned space, per TopTenRealEstateDeals.com.

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