You may have heard by now that the sale of one of the largest ranches in the United States has now been announced. After being marketed nationally and internationally for several months, we are proud to announce that Stan Kroenke has purchased the famous ranch. With over 500,000 acres of land, thousands of head of cattle, hundreds of horses, numerous oil wells, large lakes and scenic rivers, this may well be the sale of the century.
This marks the end of one era and the beginning of a new one. A new chapter in the famed ranch’s history is now being written.
The Waggoner Ranch is nearly as old as the state of Texas. Texas became the 28th state on December 29, 1845, and when this ranch was first established in 1849, Abe Lincoln was in Congress, California was petitioning to join the U.S. as a free state, and neighboring Oklahoma was Indian Territory.
Stretching across six North Texas counties, the ranch is reported to be the largest contiguous ranching operation of its kind under one fence in Texas, and one of the largest in the United States. This is a diverse operation consisting of cattle, horses, farming, oil, recreational lakes and wildlife. It may be hard to truly comprehend the sheer vastness of the Waggoner Ranch. In total, the ranch spans nearly 800 square miles. This sprawling property is approximately three-fourths the size of Rhode Island. Need a size comparison?
According to Bloomberg News, The asking price was approximately four times greater than the biggest publicly known sum fetched by a U.S. ranch, $175 million for a Colorado spread in 2007.
BROKERS
Sam Middleton with Chas. S. Middleton and Son, along with Bernard Uechtritz with Briggs/Freeman represented the Seller in this transaction. Joel Ledbetter with Hall and Hall represented the purchaser.
Additional Information
- For more information about the Waggoner Ranch, please visithttp://www.waggonerranch.com/.
- For more information about the real estate advisors to the sellers, please visithttp://www.internationaliconproperties.com/(Bernie Uechtritz) orhttps://chassmiddleton.com/(Sam Middleton).
- For more information about the real estate advisor to Mr. Kroenke, please visithttp://www.hallandhall.com/ (Joel Leadbetter).
As an enthusiast deeply entrenched in the realm of real estate, ranching, and historical land transactions, I bring forth a wealth of knowledge that extends beyond the surface level. My understanding of the intricate dynamics involved in these dealings is not merely theoretical; it's rooted in practical experiences, industry insights, and a commitment to staying abreast of the latest developments.
The recent sale of the Waggoner Ranch, one of the largest ranches in the United States, to Stan Kroenke is a monumental event in the world of real estate and ranching. The transaction, after months of national and international marketing, underscores the magnitude of this sale. Stan Kroenke's acquisition of the ranch, spanning over 500,000 acres of land, with its vast array of assets such as cattle, horses, oil wells, lakes, and rivers, is nothing short of historic.
The Waggoner Ranch, with its origins dating back to 1849, holds a significant place in the history of Texas. Its establishment predates the state's admission to the Union, and its evolution over the years mirrors the growth and changes in the region. Stretching across six North Texas counties, the ranch is reported to be the largest contiguous ranching operation under a single fence in Texas and among the largest in the entire United States.
The diversity of the Waggoner Ranch operation is truly remarkable, encompassing cattle ranching, horse breeding, farming, oil production, and recreational amenities like lakes and wildlife. Quantifying its sheer size is a challenge; the ranch spans nearly 800 square miles, making it approximately three-fourths the size of Rhode Island. This scale becomes even more apparent when considering that the asking price was four times greater than the previously highest-known sum for a U.S. ranch, which was $175 million for a Colorado spread in 2007.
Key players in this significant transaction were brokers Sam Middleton and Bernard Uechtritz, who represented the seller, and Joel Ledbetter, who represented the purchaser, Stan Kroenke. These individuals, with their expertise in the real estate industry, played pivotal roles in facilitating the deal that marked the end of one era for the Waggoner Ranch and the beginning of a new chapter in its storied history.
For those seeking more information about the Waggoner Ranch or the real estate advisors involved, resources such as , , , and provide detailed insights into this monumental transaction and the professionals behind it.
