Late oil tycoon T. Boone Pickens' massive Texas ranch has been languishing on the market for years — and it just got a $30 million price cut. Here's a look inside.
· T. Boone Pickens, the famed oil prospector and hedge-fund founder, died on September 11, 2019, at age 91.
· He was the owner of Mesa Vista Ranch, one of the most expensive properties in America.
· According to a report by Mansion Global, the ranch — which first hit the market in 2017 for $250 million — just received a $30 million price cut.
Madeline Stone and Libertina Brandt, Business Insider
Jan 24, 2020
T. Boone Pickens, a famous oil prospector, hedge-fund founder, and philanthropist, passed away on September 11,2019, at age 91.
Pickens had a long, successful career in business. He founded the oil and gas company Mesa Petroleum and the hedge fund BP Capital Management.
In 2017, he made headlines for putting his 100-square-mile ranch in the Texas Panhandle, northeast of Amarillo, on the market for a whopping $250 million. However, according to a report by Mansion Global, on January 14, 2020, the property received a $30 million price cut and is now listed for $220 million...
When Pickens first bought about 2,900 acres of land here in 1971, the only structure was a corrugated metal house that he used to stay warm during days of hunting quail.
Since then, the ranch has increased by 22 times its original size and now covers some 64,800 acres.
Additionally, there are now a number of different structures: the 12,000-square-foot lake house; the 33,000-square-foot lodge; the 6,000-square-foot family house; the 1,700-square-foot gatehouse; the 1,600-square-foot pub; and the 11,000-square-foot kennel.
Pickens' childhood home even sits on the property. The actual structure was moved there from Oklahoma in 2008.
There are roughly 12 miles of water in the form of man-made waterfalls, creeks, and lakes...
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