Estate Of Billionaire T. Boone Pickens Sells For 70% Of Asking Price

5 years after being listed on the market the 100-square mile property belonging to the late T. Boone Pickens has bought for about $60 million lower than its unique asking value of $250 million. Pickens, whose property Forbes’ estimates to be valued at $1.3 billion, died in 2019 on the age of 91. His property was divided into two parcels for the sale. Invoice Kent, comfort retailer magnate and oil-and-gas investor, bought 64,000-acres of the property and Travis Chester, cattle rancher, bought the remaining portion. The whole gross sales value got here with 10% of the latest asking value of $170 million, based on Jay Rosser a longtime rep for Pickens.

Pickens bought an preliminary parcel fifty years in the past and commenced a protracted strategy of accumulating extra acreage and restoring the land at an estimated value of $140 million. He imported many metric tons of soil to create a various topography and had about 20 man-made lakes put in to assist the wildlife. The sale included a number of outbuildings corresponding to a visitor lodge, an airline hangar giant sufficient to suit 12 plane (with FAA-approved runway), a personal church, and the massive canine kennel the place Pickens housed the hen canines he used for quail searching. The sports activities facilities on the property embody tennis courts, golf fairways and a skeet capturing vary.

A lounge exhibits the searching lodge really feel of the house.

The vaulted ceilings of a bigger lounge provides house and grandeur to the house.

An instance of one of many water administration options used on the property.

Right here’s a glance in the back of the property and the expansive loggia on the rear of the home.

The sale was dealt with by Sam Middleton and Monte Lyons of Corridor & Corridor.