Real Estate

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

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.

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