Oh Give Me A Home

Splendid East Texas ranch sells to top-secret auction buyer at record price

Real estate circles are buzzing over the record sale of luxurious Timber Creek Ranch, a 346-acre Western playpen on Lake Cypress Springs, 90 minutes east of Dallas. Concierge Auctions, which conducted the sale onsite at the ranch, said it represents the highest residential sale price ever in the Lake Cypress Springs area.

The price tag isn't being disclosed — neither is the buyer — but Second Shelters reports that the sale was in the range of $8 million for the property that was previously estimated to be valued at $15 million. The auction house says that there were nine bidders, one from as far away as China. Second Shelters adds that it was a Dallas buyer who picked up this gem of a working and recreational ranch.

Billy Long, head of Concierge Auctions' Land & Ranch Division, noted in a statement, "We ended up with a happy buyer and seller, not to mention the largest sale in Lake Cypress Springs history."

Also happy were listing agents Kyle Crews of Dallas' Allie Beth Allman & Associates and Ralph Robertson of Century 21 Butler Real Estate Services.

The magnificent property in the Piney Woods of East Texas includes five structures with a total of 11 bedrooms, spa, boathouse and fishing pro shop. Activities include horseback riding, hunting, skeet and rifle ranges, paintball course, and fishing in two private stocked ponds as well as in the lake.

Texas longhorns, horse and miniature donkeys are among the ranch residents.

The game room beckons with pool table and oversized flat-screen TV.

Photo courtesy of Allie Beth Allman & Associates

The game room beckons with pool table and oversized flat-screen TV.

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Stock News

New York Stock Exchange Texas chooses Dallas address for headquarters

Photo courtesy of Old Parkland

Old Parkland

A location has been chosen for The New York Stock Exchange Texas, the new Dallas-based offshoot of the The New York Stock Exchange in New York.

According to a release, the NYSE Texas has leased 28,000 square-feet of space at Old Parkland, the hospital-turned office space at 3819 Maple Ave. in Oak Lawn where it will operate as a fully electronic equities exchange headquartered in Dallas. The property is owned by Dallas billionaire Harlan Crowe, who acquired it in 2006.

The NYSE is part of the Intercontinental Exchange, Inc., a global provider of technology and data. It was previously the NYSE Chicago, which will close once the bureau in Texas debuts.

They’ve also named a president to the Texas branch: Bryan Daniel, former chairman of the Texas Workforce Commission. In his new role over the NYSE Texas, Daniel will report to President of NYSE Group Lynn Martin.

Relocating from Chicago to Texas was a response to Texas' pro-business profile, Martin says in a statement.

“As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere,” Martin says. “We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward.”'

The move comes five months after the Texas Stock Exchange — AKA TXSE — announced plans to launch in Dallas and begin trading in 2026, pending approval from the U.S. Securities and Exchange Commission. The Texas Stock Exchange is backed by financial giants such as BlackRock, Citadel Securities, and Charles Schwab.

The NYSE expects the Texas location to open in 2026, where it will operate electronically, with stocks trading across multiple venues regardless of where they are first listed, according to the release.

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