CNN: The $725m ranch that is bigger than New York and Los Angeles combined
(CNN)The final countdown to the real estate sale of the century has begun.
Bigger than New York City and Los Angeles combined, Waggoner Ranch in Texas spans half-a-million acres, boasts more than 100 properties within its boundaries and oil reserves.
The ultimate equestrian estate is yours — for $725 million. But be quick — any potential buyers have until October 20 to raise the funds and submit an offer.
Bernard Uechtritz, an Australian realtor living in Texas, has been tasked with the sale of the equestrian estate that has stayed in one family for its entire 165-year existence. He’s getting used to turning down the advances of some of the world’s richest people in the sale.
“I can tell you it’s not often you can dismiss out of hand an offer for several hundred million dollars — you’re not even getting on the dance floor with several hundred million dollars,” he told CNN.
Uechtritz, of Briggs Freeman Sotheby’s International Realty, has a history of selling unusual properties. He was in charge of the sale of Jose and Kitty Menendez’s Beverly Hills mansion after the couple were killed by their two sons in 1989, and evaluated both OJ Simpson’s Brentwood mansion and his ex-wife Nicole Brown Simpson’s apartment in Santa Monica where she was killed with her friend Ronald Goldman
“I’ve done this for 30 years and I’ve been involved in some interesting and hairy deals, and I’ve seen money arrive in suitcases at the court house,” he said.
Waggoner Ranch, though, is different and is by no means a hard sell. Although Uechtritz has invested nearly two years of his life in the project, there have been 600 inquiries and he stands to make millions himself if the asking price is met.
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