After Price Cut, Former Texas Ranch of T. Boone Pickens Now Lists for $220 Million

Brokers selling the late T. Boone Pickens's 101-square-mile Texas Panhandle ranch have knocked $30 million off its original $250 million price tag. “I’ve been on a lot of ranches—I’ve been doing this for 50 years —and I’ve never seen anything like it,” said Sam Middleton of Chas. S. Middleton and Son, which has the listing with Hall and Hall. “It’s like a five-star resort—it’s just a gorgeous place,” he said. “It’s got man-made lakes, waterfalls, a man-made river, a golf course, a huge airport, a 35,000-square-foot lodge and T. Boone’s Lake House.” “It’s the most improved property I’ve ever seen,” Mr. Middleton said. Pickens, the famed oilfield wildcatter, financier and corporate raider who died in September at 91, put his Mesa Vista Ranch on the market in 2017 with a $250 million price tag. It got its price cut on January 14. The 64,809-acre ranch is located in Roberts County on prime Eastern Texas Panhandle ranch land, about 30 miles north of Pampa, Texas, and 85 miles northeast of Amarillo. “We had it priced at $250 million when Boone was alive,” Mr. Middleton said. “Truthfully, he really didn’t want to part with it, but he got to the age where he needed to sell it.” Pickens started acquiring the property in 1971 with a 2,926-acre purchase along the south side of the Canadian River in Roberts County. Over the years, he assembled additional adjoining land along the corridor of the river, and today the Mesa Vista Ranch stretches approximately 25 miles along the south side of the Canadian River. This lush river bottomland creates the centerpiece for the property, Mr. Middleton said. Construction on the main building, the Lodge, began in 1988, and it has had numerous updates and additions over the years. The Lodge itself has more than 25,000 square feet of interior space, with another 10,000 square feet of porches and patio areas. The Family House contains more than 6,000 square feet of living space, with another 2,500 square feet of porches and patios. There is also a two-story pub, a 30-seat movie theater, a free-standing gun room, a lakeside chapel, a children’s playhouse and a 11,500-square-foot Lake House...MORE