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.