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    Amazing amenities

    Dallas oil tycoon T. Boone Pickens puts prized Panhandle ranch on market for $250 million

    John Egan
    Nov 30, 2017 | 3:03 pm

    Dallas oil tycoon T. Boone Pickens is selling his beloved ranch in the Texas Panhandle for $250 million — or more than $3,800 per acre.

    Mesa Vista Ranch, about 85 miles northeast of Amarillo, encompasses 64,809 acres, or more than 100 square miles. Pickens began assembling acreage for the ranch in 1971; today, the property stands as a prime example of land conservation and wildlife management, and beckons quail hunters from near and far.

    By the way, Mesa Vista is undoubtedly enormous, but it doesn’t even rank among the 10 largest ranches in Texas. It is, however, one of the priciest ranches up for sale in the U.S.

    In a post on LinkedIn, Pickens said he’s ready to put his ranch in someone else’s hands.

    “Selling the ranch is the prudent thing for an 89-year-old man to do. It’s time to get my life and my affairs in order,” Pickens wrote. “There are many reasons why the time is right to sell the ranch now, not the least of them ensuring that what I truly believe is one of the most magnificent properties in the world winds up with an individual or entity that shares my conservation ethic.”

    The ranch is, indeed, magnificent. Among its features are:

    • About 25 miles of riverfront property
    • A lake house with 12,000 square feet of living space, and 4,000 square feet of porches and patios
    • A 33,000-square-foot lodge
    • A 12,000-square-foot kennel with room for 50 dogs
    • A family house with 6,000 square feet of living space, and about 2,500 square feet of porches and patios
    • A three-bedroom “gate house"
    • A small structure with a game room, sleeping area, and gym
    • A more than 400-square-foot gun room
    • Nearly 20 lakes
    • More than 20,000 trees
    • A private airport, including a two-bedroom apartment for pilots
    • A library
    • An art gallery
    • A 30-seat media room
    • A small golf course
    • A stone-and-wood chapel

    “Mesa Vista’s unique combination of a pristine prairie and world-class amenities have provided an unparalleled venue for some of the nation’s most influential political and business leaders to share their insights on matters critical to our times — national security, economic policy, political involvement, philanthropic investment, and energy issues,” Pickens wrote.

    Aside from the ranch itself, the new owner will gain ranch and farming equipment, pickup trucks and other vehicles, home furnishings, and more than three dozen bird dogs. Excluded from the sale are Pickens’ personal belongings, livestock, and art collection, although the livestock (400 to 500 cows) and most of the artwork can be purchased separately.

    Sam Middleton, a ranch broker at Chas. S. Middleton and Son, and Monte Lyons, a ranch broker at Hall and Hall, are marketing Mesa Vista. Much of the money from the sale of Mesa Vista will go to the T. Boone Pickens Foundation, according to Pickens.

    Pickens wrote that Mesa Vista “has been a labor of love that has occupied the better part of my life. And I intend for a lot more good to come from the sale of the ranch.”

    A stream trickles into a pond on the property.

    T. Boone Pickens, Mesa Vista Ranch
      
    Photo courtesy of Mesa Vista Ranch
    A stream trickles into a pond on the property.
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    Rent report

    Dallas boasts 2nd highest spike in millionaire-renters nationwide

    John Egan
    Jun 5, 2025 | 4:30 pm
    Luxury apartment
    Photo by Francesca Tosolini on Unsplash
    More millionaire renters means more luxury apartments.

    Sure, plenty of Dallas millionaires own swanky homes in the Park Cities. But in recent years, Dallas has seen a huge spike in the number of millionaires opting to rent rather than own a place to live.

    A new report from apartment search website RentCafe ranks the Dallas metro area as the second fastest-growing U.S. market for millionaire renters from 2019 to 2023.

    The number of millionaire renter households in Dallas-Fort Worth soared more than 1,200 percent — from just 14 in 2019 to 185 in 2023, according to the report.

    Looking at DFW's millionaire-renter data another way, the region ranked 14th for the sheer number of households (185) occupied by millionaire renters in 2023, the report says.

    “Many of today’s high-income renters live in metro areas … where the abundance of apartments as well as sky-high costs of homeownership make renting the more practical and cost-effective option,” RentCafe explains.

    The report largely attributes a nationwide 203-percent bump in millionaire-renter households to a 60-percent spike in the number of millionaire renters among millennials from 2019 to 2023.

    Still, in DFW, the number of millionaire homeowners far outweighs the number of millionaire renters. The report tallied 3,133 local millionaire-owner households in 2023, earning it 11th place on the list of hotspots for millionaire owners.

    RentCafe based its report on data from the Integrated Public Use Microdata Series (IPUMS) website.

    Elsewhere in Texas
    Dallas was bested only by Houston, which ranked No. 1 nationwide for the biggest spike in millionaire renters.

    The number of Houston millionaire renters swelled from just seven in 2019 to 179 in 2023, according to the report. Houston’s growth rate for that time period — nearly 2,500 percent — put it at the top of the rankings. Houston ranked 15th for the number of millionaire-renter households (179) in 2023.

    However, Houston landed behind Dallas (No. 12) in the ranking of the number of hotspots for millionaire homeowners (3,050).

    The Austin metro area landed at No. 19 for growth in the number of millionaire renters. That figure climbed from 90 in 2019 to 207 in 2023, or 130 percent, the report shows. Austin ranked 12th for the number of millionaire-renter households in 2023.

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