America's Biggest Ranch Goes On Sale For US$ 725 Million In Texas
Realtors are hoping the Waggoner ranch in north Texas will become the most expensive estate in the world - after slapping the huge price tag on it in the hopes of attracting a Silicon Valley entrepreneur or oil tycoon.
Cattle baron Dan Waggoner established the estate in 1849 - and it has operated with its backwards 'D' logo ever since.
The estate includes the 2060 square kilometers 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, 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.
Oil was discovered on the property in 1902 and there are now more than a thousand wells spread across the property.