By Steve Brown
7:13 AM on Jan 10, 2020 CST — Updated at 3:16 PM on Jan 10, 2020 CST
A West Texas ranch that’s as big as Texas is up for grabs with a price tag to match.
Brewster Ranches sprawls over 420,000 acres on the north side of Big Bend National Park.
Advertisem*nt
Bigger than Dallas County, the rugged property stretches from the banks of the Rio Grande River to the town of Marathon and includes everything from canyons to deserts and mountains.
Advertisem*nt
The property includes more than 5,000-foot-high peaks, deep ravines and running waterways.
D-FW Real Estate News
Get the latest news from Steve Brown and the business staff.
It’s the largest property for sale in Texas and one of the biggest spreads offered in all of North America.
Kentucky businessman Brad Kelly, who’s one of the biggest landowners in the U.S., assembled the mammoth Trans Pecos tract and is offering it for sale for — get ready for it — $320 million.
Advertisem*nt
“The ranch was put together over the past two decades and represents 22 separate ranches,” said James King, the Fort Davis real estate broker marketing the property, in an email. “Today we are offering the entire property or we have carefully divided the block of land into five distinct ranches.”
King Land & Water is taking offers for the ranch.
Advertisem*nt
“We would love to find an owner who would keep the resources intact,” King said in a Marfa Public Radio interview.
Advertisem*nt
Brewster Ranches includes multiple buildings and houses, including a five-bedroom, four-bath Spanish hacienda built around a central courtyard. There is also an airstrip and hangar.
Brewster Ranches is the biggest Texas property to hit the market since 520,000-acre W.T. Waggoner Ranch, northwest of Wichita Falls, sold in 2016.
Brewster Ranches is by far the largest of several big properties in far West Texas that have hit the market within the last couple of years.
Advertisem*nt
It’s in the same area of the state as 70,000-acre Lely Ranch near Big Bend State Park, which has been for sale since 2018. Dallas-based Icon Global Group is marketing Lely Ranch.
Last year, an El Paso businessman paid $32.5 million for 37,000-acre KC7 Ranch in the foothills of the Davis Mountains in Reeves and Jeff Davis counties. Icon Global Group handled that sale, too.
Brewster Ranches
4
images
Steve Brown, Real Estate Editor. Steve covers commercial and residential real estate in Dallas-Fort Worth.
stevebrown@dallasnews.com @SteveBrownDMN
As an avid real estate enthusiast with an in-depth knowledge of the subject, I can confidently dissect the key elements of the article about Brewster Ranches in West Texas. My expertise in the real estate domain is founded on a comprehensive understanding of property markets, transaction dynamics, and notable sales, making me well-equipped to discuss the concepts embedded in the text.
The article revolves around Brewster Ranches, an expansive property spanning 420,000 acres in West Texas, strategically located on the north side of Big Bend National Park. To establish the gravity of its scale, the property is likened to being "as big as Texas." This ranch, meticulously assembled over two decades by Kentucky businessman Brad Kelly, ranks as the largest property for sale in Texas and one of the most substantial offerings in North America.
Several key concepts emerge from the article:
-
Location and Features:
- The property extends from the Rio Grande River to the town of Marathon, encompassing diverse terrains such as canyons, deserts, mountains, and running waterways.
- Noteworthy natural features include peaks exceeding 5,000 feet, deep ravines, and varied landscapes, highlighting the rugged and picturesque nature of Brewster Ranches.
-
Size and Historical Context:
- Brewster Ranches, being the largest property for sale in Texas, draws attention to its vastness, surpassing even the size of Dallas County.
- The historical context is provided by mentioning that it is the most significant Texas property on the market since the sale of the 520,000-acre W.T. Waggoner Ranch in 2016.
-
Ownership and Sale Details:
- Brad Kelly, identified as one of the prominent landowners in the U.S., is the owner of Brewster Ranches.
- The property is presented for sale with a staggering price tag of $320 million, emphasizing its exclusivity and substantial value.
- The sale is facilitated by James King, a Fort Davis real estate broker from King Land & Water, who mentions that the ranch is a consolidation of 22 separate ranches.
-
Marketing and Division:
- The article mentions that the property is being marketed by James King, who expresses the desire to find an owner interested in keeping the resources intact.
- The option to purchase the entire property or select from five distinct ranches is highlighted, providing potential buyers with flexibility.
-
Comparison with Other Properties:
- Brewster Ranches is compared to other significant properties in the region that have hit the market in recent years, such as the 70,000-acre Lely Ranch and the 37,000-acre KC7 Ranch.
- Icon Global Group is mentioned as the marketing entity for Lely Ranch and the KC7 Ranch, showcasing their involvement in major real estate transactions in the area.
-
Property Infrastructure:
- Additional details include the presence of multiple buildings and houses on Brewster Ranches, featuring a Spanish hacienda with five bedrooms and four baths built around a central courtyard.
- Infrastructure also includes an airstrip and hangar, contributing to the overall value and functionality of the property.
In summary, Brewster Ranches represents a colossal real estate offering with unique geographical features, historical significance, and a substantial price tag. The article provides a glimpse into the intricate world of high-value real estate transactions in West Texas, showcasing the scale and diversity of properties available in the market.
