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FOR SALE: Largest ranch in the U.S. within a single fence. Texas fixer-upper with more than 1,000 oil wells; 6,800 head of cattle; 500 quarter horses; 30,000 acres of cropland; tombstones for legendary cowboys, long-dead dogs, and a horse buried standing up. Favorite of Will Rogers and Teddy Roosevelt. Colorful history of drinking and divorce. Fifteen-minute drive to rib-eyes at the Rusty Spur in Vernon. Ideal for Saudi oil sheiks, billionaire hedge funders, and dot-commers who can tell a cow from a steer. Profitable. Zero debt. Property taxes only $800,000 a year. Price: $725 million.
Waggoner is one of the two biggest names in ranching history worldwide; the other is King Ranch in south Texas, said Uechtritz. Dan Waggoner started ranching the property in 1849.
The Waggoners were prominent developers of Hereford cattle, pedigree American quarter horses and thoroughbred horses. The ranch has remained in the Waggoner family; it was established as an estate in 1923 by WT Waggoner. The estate is finally on the market following decades of disputes among Waggoner’s heirs over how to liquidate the property. More than 600 people have already expressed interest in buying the ranch.
Uechtritz said buyers have been narrowed down to about a dozen and he expects to “have a winner soon”.