Texas ranch to be purchased by Stan Kroenke for $725 million

Ranch has been owned by the same family since 1849
  • Ranch is half the size of Rhode Island.
  • There are more than 1,000 producing oil wells on the ranch.
  • Most ranch listings in Texas are outside of the Dallas-Fort Worth metro.

Dubbed the largest U.S. ranch under one fence, the 510,527-acre W.T. Waggoner Estate Ranch, which sits south of Vernon, Texas, is slated to change ownership for the first time in its history. The historic ranch is in the process of being acquired for $725 million by businessman and sports owner Stan Kroenke, according to Briggs Freeman Sotheby’s International Realty.