The most expensive property currently on the market anywhere in the world can be found in Texas and it will set you back $725 million (£463 million) unless you can negotiate a price reduction. So what do you get for your money?
Well, the WT Waggoner Estate ranch that is located a few miles south of Vernon in Texas covers an area of 510,527 acres that is around 798 square miles. That is a bigger area than Greater London that covers 611 square miles. Within the USA, it is the biggest ranch surrounded by just one fence.
If you bought the estate, you would be the proud owner of 30,000 acres of land that has been cultivated, hundreds of thousands more acres that have been left untouched, 500 quarter horses, almost 7,000 cattle, 20 cowboy camps, the ranch of course and over 1,000 oil wells that are spread over 56,000 acres as the owners were fortunate to strike oil back in 1902. There are numerous lakes with the largest covering an area of about 16,000 acres. There are 120 employees to help you run the estate.
The Waggoner ranch was bought back in 1849 by Dan Waggoner and has remained in the family ever since. However, the whole estate has been placed on the market due to a disagreement within the family as to how to dispose of it.
Apparently, in the region of six hundred people have shown an interest in purchasing the estate but this has been fine-tuned to around a dozen potential buyers. If you are interested, it sounds like you may need to act fairly quickly.
Whilst, here at AIB Insurance, we have yet to be asked to insure an estate of that size, we have arranged home insurance on a number of exclusive, high-value properties here in the UK. So, if you would like a competitive quotation, why not get in touch with us on 02380 268 351 and speak with one of our experienced members of staff.
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