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Boone Pickens’ Ranch Price *Drops* to $220 Million

Let’s go in on this together.

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The price of Boone Pickens’ West Texas ranch recently went from $250 million to $220 million — or 12 percent, akin to you dropping your $300,000 asking price for your three-bedroom home to $264,000, significant but not a stomach-punch number.

The 64,809-acre Mesa Vista Ranch, about 85 miles northeast of Amarillo, went on the market in November 2017 for $250 million. The current owner of the ranch, Boone Pickens Management Trust, decided January 14 — four months after Pickens’ death at age 91 — to trim the asking price to $220 million.

Trustees hope to sell the property by the end of this year, says Sam Middleton, owner-broker of Lubbock-based real estate brokerage firm Chas S. Middleton and Son LLC. Middleton’s firm shares the listing with real estate brokerage firm Hall and Hall. [Dallas CultureMap]

If you guys all want to go in on it with me, I’m sure we could purchase a door or maybe a couple of windows. Or maybe Matt Holliday reads PFB, and we could finance the whole thing.

A reminder of what you’re getting.

It’s hard to debate the magnificence of the property. The living quarters alone are jaw-dropping:

• Lodge with 25,000 square feet of living space, and about 10,000 square feet of porches and patios.

• Lake house with 11,500 square feet of living space, and more than 3,800 square feet of porches and patios. The front door was the original front door of crooner Bing Crosby’s home.

• Three-bedroom “gate house” with 2,300 square feet of living space, an attached two-car garage, and a deck.

• Family house with 6,000 square feet of living space, and about 2,500 square feet of porches and patios.

• Small structure with a game room, sleeping area, and gym.

Among the other amenities are a 2,250-square-foot pub, a library, an art gallery, a 30-seat theater, and a more than 400-square-foot gun room.

Outdoor features include 25 miles of riverfront, nearly 20 lakes, and more than 20,000 trees. There’s also a 12,000-square-foot kennel with space for 50 dogs, a small golf course, a tennis court, and a stone-and-wood chapel. Last but not least, the ranch comes with a private airport that includes a two-bedroom apartment for pilots. [Dallas CultureMap]

A 400-square foot gun room. Normal. Bigger than my kitchen and living room combined. Just 20 feet by 20 feet of guns. Maybe we could all collectively purchase the gun room.

To make a hard turn … I’ve thought about Pickens more than normal over the past few days after Kobe’s helicopter crash. Two wild lives. Two men who engendered a lot of change in their respective industries and worlds.

Death makes you think, which is always good. Pickens last fall. Kobe this winter. Material goods are material goods — even 400-square foot gun rooms — but then $30 million gets knocked off the list price, and it’s a good reminder that you leave the same way you came, with nothing but your soul.

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