The Waggoner Ranch, one of the largest ranches in the U.S. and a Texas icon, has been listed for $725 million, marking the end of a decades-long courtroom battle among the heirs of cattle baron W.T. Waggoner, who established the estate in 1923.
in Fort Worth, TX reports that the estate includes the 510,000-acre ranch spread over six North Texas counties, with two main compounds, hundreds of homes, about 20 cowboy camps, hundreds of quarter-horses, thousands of heads of cattle, 1,200 oil wells and 30,000 acres of cultivated land.
According to Dallas-based broker Bernie Uechtritz, who is handling the sale along with broker Sam Middleton of Lubbock, the estate falls within a "super asset class," akin to selling the "Statue of Liberty" of cowboy culture. The Waggoner Ranch is the largest contiguous ranch in the United States. W.T. Waggoner's father, Dan Waggoner, started ranching in 1849, and the Waggoner name was prominent in the development of Hereford cattle and American Quarter Horses.
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Photo courtesy of Texas and Southwestern Cattle Raisers Association