Residential
Texas
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Shackelford County ranch lists for $39M
Spans 9,400 acres and includes three houses, passive income
Another luxury ranch is up for grabs in Texas.
The 9,400-acre Crooked Tree Ranch in Shackelford County, about 125 miles west of Fort Worth, has hit the market with a price tag over $39 million, the Dallas Morning News reported. The asking price is about $4,164 per acre.
Layne Walker of Montana-based Hall and Hall is marketing the property.
Crooked Tree Ranch has been owned by the same family for more than 25 years. The “headquarters” on the property features a three-bedroom manager’s home, five-bedroom guest house, an equipment barn, a barn with horse stalls, cattle pens, dog kennels, a meat processing room and a small office building
The owner’s compound comprises a three-bedroom house with a private entrance, a storage building and a separate barn that currently houses a large travel trailer.
The ranch caters to hunting enthusiasts, as there’s an abundance of whitetail deer, quail and dove, along with a 200-acre high fence hunting area. More than 10 miles of roads make it easy to navigate the sprawling plot of land.
Income sources for the property include land leases for 54 wind turbines, a cattle lease and possibly a mineral lease.
“The wind energy lease is 15 years into a 35-year lease,” Walker told the outlet. “This is a significant income source.”
A slew of luxury ranches are up for grabs surrounding Dallas-Fort Worth, and just about all of them carry a price tag well above eight figures.
The 2,300-acre 5R Ranch, about 90 minutes north of Dallas in Cooke County, was listed for nearly $25 million last month. The 546-acre Possum Kingdom Ranch in Palo Pinto County hit the market at $10 million last summer.
In November, NFL legend Terry Bradshaw sold his 800-acre ranch near the Oklahoma border, which was last listed at $22.5 million.
—Quinn Donoghue
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