‘No other like it in Texas.’ Massive ranch goes on sale for eye-popping $200M price tag

Nearly 80,000 acres of West Texas ranchland with historic roots have hit the market at a whopping $200 million price tag.

Five months ago, the Dallas-based real estate broker Icon Global Group announced that the owners of the Turkey Track Ranch, near Borger in the Texas Panhandle, were planning to sell the property after 120 years of family stewardship. The ranch was first founded in the 1870s along about 26 miles of the Canadian River.

Now, Icon Global is launching its marketing campaign and disclosing the ranch’s valuation of $200 million. Capital Farm Credit appraised the site and will finance the upcoming sale process, according to a Wednesday announcement.

Whoever purchases Turkey Track will obtain a 40% stake of mineral rights and revenues from existing and future oil and gas wells on the property. Wind and solar rights, along with agricultural and water resources, are also included in the offering, according to Icon Global.

“After touring the ranch for the first time, I am convinced this is one of Texas’ most premier ranches,” said Mickey Nixon, a lead appraiser for Capital Farm Credit. “Ranches of this size with a legacy of responsible stewardship, abundant water resources, outstanding recreational potential and historical significance are rare and seldom offered for sale.”