Five years after being listed for sale the 100-square mile estate belonging to the late T. Boone Pickens has sold for about $60 million less than its original asking price of $250 million. Pickens, whose estate Forbes’ estimates to be valued at $1.3 billion, died in 2019 at the age of 91. His property was divided into two parcels for the sale. Bill Kent, convenience store magnate and oil-and-gas investor, purchased 64,000-acres of the estate and Travis Chester, cattle rancher, purchased the remaining portion. The total sales price came with 10% of the most recent asking price of $170 million, according to Jay Rosser a longtime rep for Pickens.
Pickens purchased an initial parcel fifty years ago and began a long process of accumulating more acreage and restoring the land at an estimated cost of $140 million. He imported many metric tons of soil to create a diverse topography and had about 20 man-made lakes installed to support the wildlife. The sale included multiple outbuildings such as a guest lodge, an airline hangar large enough to fit 12 aircraft (with FAA-approved runway), a private church, and the large dog kennel where Pickens housed the bird dogs he used for quail hunting. The sports amenities on the property include tennis courts, golf fairways and a skeet shooting range.
A living room shows the hunting lodge feel of the home.
The vaulted ceilings of a larger living room adds space and grandeur to the space.
An example of one of the water management features used on the property.
Here’s a look at the back of the property and the expansive loggia on the rear of the house.
The sale was handled by Sam Middleton and Monte Lyons of Hall & Hall.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://www.forbes.com/sites/amydobson/2023/02/26/estate-of-billionaire-t-boone-pickens-sells-for-70-of-asking-price/
- 2019
- a
- About
- According
- Adds
- After
- aircraft
- airline
- and
- areas
- back
- began
- being
- Bill
- Billion
- billionaire
- bird
- church
- class
- convenience
- Cost
- Courts
- create
- designed
- died
- diverse
- divided
- Dog
- Dogs
- enough
- entertaining
- estate
- estimated
- estimates
- Ether (ETH)
- example
- expansive
- Features
- fifty years
- fit
- Forbes
- from
- golf
- Guest
- Hall
- Home
- House
- HTTPS
- Hunting
- in
- include
- included
- initial
- installed
- investor
- Land
- large
- larger
- Late
- Listed
- living
- Long
- Look
- Main
- management
- many
- Match
- metric
- million
- more
- most
- multiple
- ONE
- original
- plato
- Plato Data Intelligence
- PlatoData
- position
- presentation
- price
- private
- process
- property
- purchased
- range
- recent
- remaining
- restoring
- Room
- runway
- sale
- sales
- Sam
- Sells
- shooting
- Shows
- sold
- Space
- Sports
- store
- such
- support
- tennis
- The
- to
- tons
- Total
- valued
- Water
- Wildlife
- years
- zephyrnet