For over 165 years, the Waggoner family has occupied this tremendous ranch along with 120 families, 14,000 cows, and 500 horses. The estate is so large it takes over an hour and forty-five minute helicopter ride just to get a rough idea of the beauty of this area. Larger than the area of New York City and Los Angeles combined, Wagner ranch spans half-a-million acres.
At a $725 million price tag its no wonder this property has attracted so much attention. Bernard Uechtritz, an Australian realtor has been tasked with the sale of the property under Briggs Freeman Sotheby International Realty. Uechtritz has already invested two years of time into the sale of the property and while there have been numerous inquires, none have come close to the asking price.
However, if a buyer is found, Uechtritz stands to make one of the largest brokerage commissions in history. The one catch the Waggoner estate holds on the property is retention of 25% of the mineral rights. Currently, only 10% of the ranch's land has been explored for oil.