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    Life on the Ranch

    What the new buyer gets with this $725 million North Texas ranch

    Diana Oates
    Jun 4, 2015 | 3:21 pm

    The W.T. Waggoner Estate Ranch near Vernon in North Texas is on the market for $725 million. So what exactly does a property that features 800 square miles of Lone Star real estate — spanning six counties — look like?

    We reached out to Dallas-based listing agent Bernard Uechtritz of Briggs Freeman Sotheby's International Realty, who gave us a little history lesson on this mammoth ranch that is considered one of the largest privately owned, contiguous ranches in the country.

    The Waggoner Ranch was established in 1849 by Dan Waggoner, and this historic property has been under the same family ownership ever since. It still boasts the signature backwards "D" brand that has been used continuously since 1849, making it one of the oldest brands in Texas, according to the sales brochure.

    The home has two impressive compounds; however, this isn't a place to hang your hat and relax for too long. Waggoner Ranch is a working one, with 20 cowboy camps scattered throughout the property to house the more than 120 workers. The ranch specializes in raising horses and cattle and has 14,000 cows.

    there are approximately 20 cowboy camps scattered throughout the property. - See more at: https://www.briggsfreeman.com/search/property-details.asp?pn=23795#sthash.o1hPAYXG.dpuf
    This historic property has been under the same family ownership since 1849, and is now officially, for the first time ever, offered for sale. - See more at: https://www.briggsfreeman.com/search/property-details.asp?pn=23795#sthash.o1hPAYXG.dpuf

    The property features Lake Kemp, which covers 16,540 surface acres, and Lake Diversion, which covers 3,420 surface acres. These lakes provide water to the city of Wichita Falls. A smaller private lake — Santa Rosa Lake, covering 1,400 surface acres — is also part of the package.

    Potential buyers have the unique opportunity to acquire much more than just the land. Included in the sale of Waggoner Ranch are all permanent improvements, rolling stock, ranch equipment, oil field equipment, cattle inventory, horse inventory, horse facilities, brands, intellectual property and the Waggoner office building in Vernon.

    Oil and gas enthusiasts might also be interested to know that this property has more than 1,000 producing oil wells, with the new buyer inheriting roughly 42 percent of the entire mineral estate.

    in the sale are all permanent improvements, rolling stock, ranch equipment, oilfield equipment, cattle inventory, horse inventory, horse facilities, brands, intellectual property and the Waggoner Office Building in Vernon. - See more at: https://www.briggsfreeman.com/search/property-details.asp?pn=23795#sthash.o1hPAYXG.dpuf
    800 square miles of Texas Real Estate
    800 square miles of Texas Real Estate

    When asked who the ideal buyer is for such a prodigious property, Uechritz says it's someone who wants to keep it in one piece and enhance and preserve it for another 165 years.

    spans six counties of North Texas
    spans six counties of North Texas
    spans six counties of North Texas

    The W.T. Waggoner Estate Ranch, near Vernon, Texas, is on the market for $725 million.

    Waggoner Ranch
      
    Photo courtesy of Briggs Freeman Sotheby’s International Realty
    The W.T. Waggoner Estate Ranch, near Vernon, Texas, is on the market for $725 million.
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    Coworking News

    Dallas' Longhorn Ballroom unveils new renovated coworking studio space

    Teresa Gubbins
    Jun 12, 2025 | 2:07 pm
    Longhorn Ballroom
    Longhorn Ballroom
    Longhorn Ballroom

    Dallas' famed Longhorn Ballroom music venue has unveiled a newly renovated multi-use building — located across the courtyard from the Ballroom at 200 Corinth St. — that's open for creative types in the fields of entertainment, restaurant, and the arts.

    The Longhorn Ballroom was built in 1950 for country music legend Bob Wills and this Texas Playboys and was originally named Bob Wills’ Ranch House. It was managed for a time by Jack Ruby, then Dewey Groom who renamed it the Longhorn Ballroom and built it into one of the greatest venues of its day, hosting Willie Nelson, Loretta Lynn, Merle Haggard, Charley Pride, Pasty Cline, B.B. King, Ray Charles, Nat King Cole, James Brown, Al Green, Johnny Rodriguez, Freddy Fender and Selena.

    This newly renovated building was originally constructed in 1950 as part of the Ranch House, where it served as a motel for touring musicians and according to a release, is rumored to have sheltered Wills' horse "Punkin."

    Longhorn Ballroom coworking spaceYou could office here. Longhorn Ballroom coworking space.Longhorn Ballroom

    The two-story 26,000-square-foot building offers co-working spaces for entertainment professionals, attorneys, and managers. There are five 1-2 person offices available, along with a limited number of residential live-work studios for artists. There are also several small restaurant spaces available for "culinary creatives."

    The largest available area — a former recording studio — could be transformed into a space for audio, film, or post-production work.

    There is also a common area and kitchen, plus plentiful parking. Internet and utilities are included. Rates depend on space rented.

    "As an entertainment attorney, there’s no better place for my practice than the Oficina co-work space at the Longhorn," says Decker Sachse, a current tenant. "It’s a great location with easy access and my clients love the vibe."

    In the fall, the Longhorn will complete its third and final phase with the opening of a 6,500-capacity outdoor amphitheater along the banks of the original Trinity River. Called The Longhorn Backyard Amphitheater, it will host a series of soft opening shows this fall, starting with Randy Rogers on September 20. A grand opening with a full calendar of events will commence in the spring of 2026, providing the city with a state-of-the-art outdoor venue one mile south of downtown Dallas.

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