Texas LAND Winter 2013

Te a m

TOM A LEX A N DER Publisher

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Keller Williams Farm & Ranch Group www.KWFarmAndRanchGroup.com Rick Doak/Agent jrdoak@kw.com (361) 243-1040 Houston | Austin | San Antonio

in the sale of the ranch. It sits under a beautiful custom cactus shaped bronze chandelier. There are lots of windows that allow for plenty of wildlife viewing from anywhere in the house. Deer and turkey wander daily through the landscaped and manicured yard. Outside the house are a horseshoe pit and a fire pit for nice chilly evenings outside.

A sprinkler system is installed and takes care of all the lawn area and flowerbeds. Off the back porch area is the swimming pool and heated spa. A pool house, cabana and bar area provide plenty of shade.

The home is equipped with a state of the art security and fire system that is monitored. The ranch has a skeet range with high house and low house, a large lake with floating dock and pavilion stocked with bass and other fish. There are an additional four tanks or ponds on the property and animals are never far from a drink. The guest house is between the stocked lake and the skeet range. It has two bedrooms and two full baths with a large living area and a small kitchen. There are also two caretaker houses on the ranch. No ranch would be complete with a nice set of cattle working pens. They are pipe pens and next to the pens is a large barn with rollup doors and equipment shed. This is a perfect ranch for a large family or would make an ideal corporate retreat. The information contained herein has been diligently assembled and is deemed reliable, but is not warranted by Broker or Seller, express or implied, and is subject to change, prior sale, errors and/or omissions and withdrawal from market. Buyers must verify accuracy of representations on their own, as well investigate potentially pertinent natural attributes, laws and regulations, and draw their own conclusions regrading the usefulness and value of the property for a given purpose. Viewing appointments scheduled with KW Farm & Ranch, Rick Doak. SHOWN BY APPOINTMENT ONLY DO NOT TRESPASS. Buyer�s broker must be identified on first contact, and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at sole discretion of KW Farm & Ranch, Rick Doak, agent. Directions: See map or call Rick Doak for directions and to schedule an appointment. To schedule a showing call Rick Doak with KW Farm and Ranch at 361-243-1040. All showings must be scheduled in advance. Price: $3,750,000

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Feat u r e R a nch

lets me know that he hired a local attorney to help him out. So, I call up the lawyer and tell him about my concerns. He said, “Dane, I had the exact same feelings as you did. I just got off the phone with an attorney in Chicago, and Dane, that guy can buy anything he wants and he will pay cash.” So for the next three days, the guy sleeps in his van, parked in our office parking lot, trying to get all of this done. It was right before Christmas and he wanted it all done so he could go home for Christmas. He paid $3.7 million dollars in cash, closed on all the properties and has never been seen or heard from again.

He never even stepped foot on any one of those properties. But, the moral to that story is you cannot judge a book by its cover. That taught me a lesson and because of it, I never doubt anyone.

What is the thing in life you are most proud of?

I am proud of my accomplishments and have come a long way from where I started. I’ve been very blessed. But, the thing I am most proud of is my daughters and the kind of young women they have turned out to be.

Although, I think I need to give my wife 99% of the credit for that because it seemed like I was always working. But, I am real proud of what they have turned out to be.

What is the strangest experience you have had showing a ranch?

That’s easy. I had a gentleman call me one day and wanted to see a ranch.

He called me the morning of the showing and told me he would just meet me out at the ranch. I told him that would be fine, loaded up my Polaris, my preferred method of showing a ranch, and headed out. I pulled up to the property and sitting at the gate was a Cadillac Escalade. Which is normal, a guy from Dallas wanting to buy a ranch, but when he got out, he had these boots on, up to his knees, pants all tucked in and two six shooters on him, two guns, John Wayne kind of stuff. I mean, that’s not normal, a little strange. I walked up to him, handed him my card and apologized, “I am sorry, I came a little unprepared. I only brought a knife to a gun fight.”

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He let me know that he was prepared for walking the ranch and that the guns were loaded with snake shot. I let him know that yes, we do indeed have snakes, but rarely see them and that we would be riding in the Polaris. As we are riding the property, one of the guns falls out of the holster and lands on the baseboard of the Polaris. I stopped, and we had a little discussion about not wanting any accidents. The guns went back to the Escalade.

What do you think is the greatest benefit of owning land?

First of all, I think it is a good investment. Second, I think it something that you can go and physically enjoy and get something out of it, unlike owning cd’s or stocks or gold, something you can really go and utilize and appreciate.

Land has always been a pretty good investment. You know there’s that old saying, “They’re not making any more of it.”

If you had to pick another career….any career…What would you do?

Probably something in wildlife. I think, I might be a game warden. Those guys get to do all kinds of stuff and they have full jurisdiction. It’s not one of those jobs you are going to get rich at either, but it sure isn’t boring.

What is your favorite thing about Texas?

My favorite thing about Texas is the history. This state has a tremendous amount of history. Coming from that part of the state, where there are a lot of really old and really big ranches, legendary ranches, you get to listen to the old timers, talking about settling the land, dealing with drought and indians.

What is your idea of a perfect day on the ranch?

Just being able to be out there, watch and appreciate how everything works.

Witness a baby calf being born and just knowing he has to get up and nurse.

If you get the time to sit there and really watch how the animals, comingle and work with the land. No phones, no computers, just quiet and nature in all its glory.

UPDATED FROM FALL 2013 ISSUE

Groundwater Rights Have Become Negotiable in Property Sales

the Trust’s attorney gave formal notice of a $500,000 claim against the City.

After the City rejected the Trust’s claim, the Trust filed suit against the

City, seeking a declaratory judgment that 1) it owned the groundwater beneath the 15-acre tract, and 2) the City’s claim of ownership to those water rights should be rejected. The Trust also sought monetary damages

As the supply of Texas groundwater continues to dwindle, the value escalates and landowners realize that it can add another revenue stream to the property. It is not uncommon for groundwater ownership to be one of the negotiable points in rural land sales. Groundwater ownership is sometimes retained by the seller and the buyer takes possession of the property with limited or no access to water beneath the surface.

In the following paragraphs Regan Beck and Stephanie McMullen, Assistant General Counsels for Public Policy, with the Texas Farm Bureau describe a Texas Court of Appeals case between the City of Del Rio and Clayton Sam Colt Hamilton Trust.

According to the record in 1997, the state sold 15 acres from the ranch’s western border to the City of Del Rio. The warranty deed that conveyed the tract to the City contained the following clause: “Grantor RESERVES unto Grantor, its successors, heirs and assigns forever all water rights associated with said tract, however, Grantor may not use any portion of the surface of said tract for exploring, drilling or producing any such water.”

“In 2000, three years after the City purchased the tract, they realized that

for unconstitutional taking and action for trespass.

City of Del Rio responded with a counterclaim, seeking a declaratory judgment that the warranty deed did not leave the Trust with “right, title, or interest in any groundwater pumped to the surface by the City” on the 15acre tract and that any groundwater pumped to the surface was the City’s property. The City also pled for condemnation of the water rights.

“McMullen explained that the trial court concluded that: • The water rights reservation was valid and enforceable.

• The City’s argument that groundwater, until captured, cannot be the subject of ownership was an incorrect statement of the law.

• Ownership to the groundwater rights beneath the 15-acre tract belonged to the Trust.

“The City appealed and the Texas Court of Appeals upheld the judgment of the trial court,” says Beck. “This court decision affirms the right of landowners to reserve groundwater rights when selling property..”

their municipal drinking water supply needed augmenting,” Beck relates.

Chapter 36 of the Texas Water Code gives groundwater conservation

“A year and a half later, the City drilled a well on the property that tested to

districts the right to regulate the use of groundwater. It is stated in Chapter

pump approximately 500 gallons per minute and produce several hundred

36, “Nothing in this code shall be construed as granting the authority to

thousand gallons of water. The well was completed in the summer of 2002,

deprive or divest a landowner, including a landowner’s lessees, heirs, or

at a cost to the City of about $850,000.”

assigns, of the groundwater ownership and rights described by this section.”

About six months after the City had the well tested, Hamilton, the trustee

Whether buying land within or outside a groundwater conservation

of the Trust visited the property and noticed drilling activity on the 15-acre

district, it is wise to examine the conveyance deed closely to determine if

tract. He then had the Trust’s attorney send the City a letter demanding that

groundwater rights are being reserved by the seller. If the reservation is

it neither produce nor capture any water from the well. A short time later,

unclear , getting it resolved through the courts can be expensive.

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Increase Rural Property Income with Wildlife based recreation Continued growth of urbanization provides an opportunity for ranches to increase income through wildlife based recreation offerings to the public. Some landowners are currently taking advantage of these opportunities; but there are still unmet market needs. The majority of our population has little opportunity to enjoy rural life, view nature or learn how their food is produced. Many yearn for the outdoors and are willing to pay for a chance to enjoy the opportunities that ranches can offer.

Customer expectations of their ranch visits vary considerably. Some clientele want posh accommodations, gourmet prepared food, a wet bar, and pampering by the ranch staff. Others want to be on their own, sleep in campers, and cook their meals. Then there are expectation gradients in between these two extremes.

Differences in expectations allow a landowner to develop a successful wildlife based recreation business that fits available resources.

Craig Bowen of Plateau Land and Wildlife Management refers to wildlife based recreation as outdoor recreation. He says, “The three primary types are hunting, fishing and nature tourism. Hunting opportunities in Texas include white-tailed and mule deer, turkey, dove, quail, feral hogs and exotics. A fishing business requires lakes or ponds stocked with bass, perch, catfish and other popular species. Nature tourism is activities such as bird watching, hiking, horseback riding, guided nature tours, star gazing and geological (formation viewing and rock hunting).”

HUNTING Wildlife and habitat management is usually required to provide customers with a good hunting experience. Help in establishment and execution of a wildlife management plan can be obtained from Texas Parks and Wildlife (TP&W) through their Private Lands program. Services are free to landowners upon their requests through a telephone call to a TP&W district office.

“Once the request is made, a TP&W biologist schedules a site visit with the landowner or manager to assess habitat potential and offer guidance on improvements for the wildlife species of interest,” says Linda Campbell Texas Parks & Wildlife Private Lands and Public Hunting Program Director. “Once the property’s potential has been determined, the biologist provides recommendations and, if requested, helps the landowner develop a written wildlife management plan (WMP). The WMP is a guide to achieve the landowner’s stated natural resource management goals. Components of the WMP include a description of habitats, current land uses and management practices, and specific habitat and population management recommendations. TP&W provides follow-up assistance as needed to help evaluate progress toward management goals and suggest additional actions.”

“After a property is ready for hunting, TP&W can provide the customers,” Campbell continues. “We lease land for hunting dove, waterfowl, pheasant, quail, feral hog, squirrel and rabbits. Length of the lease and price per acre are negotiable. To participate in this program, the landowner is required to make his property available to hunters, who have the Annual Public Hunting Permit for the agreed upon dates. A second requirement is to implement any habitat improvements that are identified in the lease agreement.

“TP&W also pays landowners a negotiated fee to provide a two-day public hunting opportunity for white-tailed deer, mule deer, pronghorn and exotics.

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In this program, we draw the hunters and provide them with your ranch rules and information. Landowners run the hunt on the specific dates in the contract agreement.”

FISHING Like hunting, the first step in developing a fishing business is to inventory what you have to offer. How large are the lakes and are they currently stocked with fish? Are the lakes aesthetically pleasing? Can the lakes be reached by allweather roads? The answer to these questions will show what you have to sell and what changes need to be made for public acceptance.

“Larger ponds and reservoirs offer more options for managing fish populations,” says Dr. Billy Higginbotham, Texas A&M Agrilife Extension Service Wildlife and Fisheries Specialist. “For example, landowners with 10-acre reservoirs are in a more favorable position to manage exclusively for largemouth bass than those with one-acre ponds. Even though a market may exist for a target species such as largemouth bass, landowners might consider other species such as channel and blue catfish, sunfish, crappie and even rainbow trout during the winter months. These alternative species may appeal to a broader range of anglers and offer more fishing opportunities.”

Value-added amenities such as shade, toilet facilities, cabins, a picnic area, camp sites, food and beverages, bait, tackle, rental equipment, ice and a fish cleaning service should be considered in the plan. Will some of these amenities attract more customers? Will the amenities generate enough additional revenue to pay their costs?

Would you rather not have to deal with the public in leasing your lakes for fishing? Will lake and fish management require time that you don’t have? If your answer to either of these questions is yes, you can consider other options for capturing income from sport fishing. An example of one option is to work through a company like Private Water Fishing.

“Private Water Fishing is a company organized to manage customer relations for landowners,” says Steve Alexander. “We have been in business for 14 years and have a clientele of 450 fisherman members. These members pay an annual fee for current access to 52 private lakes plus a daily fishing rate. The landowner receives the majority of the daily fishing rate.

“By leasing lakes through Private Water Fishing (PWF), the landowner does not have to solicit fishing customers nor act as their host when they fish the property.

PWF carries liability insurance for each property and requires all members to sign a hold harmless clause. We have a strict set of rules and code of conduct that our members must follow. Our program is primarily used by hunting ranches and beef cattle operations.”

“We also assist landowners in fish and lake management through our consulting service,” Alexander continues. “Our services include monitoring fish populations and determining appropriate management practices.”

NATURE TOURISM Type of nature tourism business selected for a property should depend upon its natural resources and the amount of time that the landowner or manager is willing to devote to the enterprise. Help in assessing natural resources can be obtained from the TP&W district biologist.

by Robert Fears

“Bird and wildlife viewing is one of the most popular types of nature tourism,” says Shelly Plante, Texas Parks and Wildlife Nature Tourism Manager. “In a 2006 survey, it was shown that wildlife watching contributed $2.9 billion to the Texas economy and since that time, it has continued to grow. Rich in diverse species, Texas is a perfect place for wildlife viewing. In addition, the Lone Star State is one of the top birding destinations in the world.”

“TP&W has created nine driving trail maps that direct people to the best spots in the state to observe wildlife such as birds, butterflies, bats or pronghorns,” explains Plante. “At some of the locations birds and wildlife are viewed from the road and at others, they are viewed from walking trails. The trails include sites on federal, state, county, community and private lands.

If your property is close to one of the trails, you can install a walking trail and eventually be listed on the map, provided you have wildlife to view. You can charge for the use of your viewing paths as long as you have a way to collect the money.”

If your property is far enough from residential and commercial lights to have dark skies at night, astronomy might be a business opportunity. A cleared area unobstructed by hills or other natural features makes an ideal star gazing site.

“Wildlife photography is becoming very popular,” says Plante.

“Requirements are blinds for the photographers near feeding areas and wildlife populations. Other targets for photographers can include wildflowers, healthy grasses, butterflies and insects.

Aquatic bird viewing and photography can be facilitated with a shaded observation area overlooking a pond.”

Expectations of mountain bikers are described on a web page posted by X Bar Ranch Nature Retreat. It says: “X Bar Ranch offers riders of all levels 16 miles of trails in the middle of westcentral Texas ranch country on both single track (85%) and jeep roads. The trails twist and turn through two dry river valleys, mesquite flats and cedar/oak-covered hills. Even with our fair share of rocks, these trails are fast and furious.”

Regardless of the type of wildlife based recreation business you choose, it can be started with the basic requirements.

Amenities such as dinning, lodging, swimming and games can be added as the business gains momentum. Hunting ranches with lodges and other entertainment facilities often add fishing and nature tourism to their offerings to make better use of their capital investment. To be successful, the wildlife based recreation business has to match the natural resources on the property.

In addition to the organizations mentioned, help in establishing wildlife based recreation business can be obtained from Texas A&M AgriLife Extension Service, United States Department of Agricultural Natural Resources Conservation Service (USDANRCS) and private consultants.

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Heading into the fall, Texas land markets continued to thrive, posting strong price increases overall. Observers continued to see strong demand for small, highly improved properties and even an uptick in demand for larger recreational tracts in some markets. Developments in cropland markets got lost in the cascade of activity.

Reflecting escalating commodity prices, cropland began a sustained and unprecedented rise win 2008 that coincided with increasing commodity prices. This unprecedented run-up in prices left livestock producers

scrambling to meet increasing feed costs, but filled the farmers’ pockets with ready cash. Land prices in Region 1 of Texas, the region most heavily influenced by cropland markets, reflected those climbing commodity prices with land prices that soared 56 percent between 2010 and 2013. Brokers found a steady stream of eager investment-driven buyers with few owners being willing to sell. Grassland retiring from the Conservation Reserve Program was converted back to farmland on a broad scale. Asking prices could seemingly never be too high.

The almost frenzied buying seen in the Midwestern breadbasket of the country moved into Texas as well.

Region One Texas Rural Land Prices

Dollars per Acre

Price per Acre

Dollars per Acre

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

Corn Prices - Historic and Projected

However agricultural marketing experts have begun to anticipate supply responses that threaten the boom in commodity prices. In the third quarter of 2013, increasing supplies took a toll on commodity prices as evidenced by moderating corn prices. Experts project an annual price in 2013 well below the 2012 record and forecast moderated prices over the next four years. Faced with these expectations, demand for farmland has moderated of late. However that does not mean cropland markets have retreated.

Current reports indicate that buyers still have an appetite for good cropland.

However, they are more acutely focused on net operating income than they have been in the past several years. Will cropland be the driver of land markets in the future or will the markets return to a primary focus on the recreational retreats that have dominated land transactions in the past? Only time will tell.

2017

2016

2015

2014

2013

2012

2011

2010

2009

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Top 50

SOLD

(August 16, 2013 through November 15, 2013)

1

Land Advisors Organization 5412.39± Acres | Blanco County | Sold: 11/08/13 Days on Market: 88 | Sold Price: $28,000,000

2

Republic Ranches 3015± Acres | Dimmit County | Sold: 09/30/13 Days on Market: 405 | Sold Price: $20,000,000

3

Republic Ranches 2178± Acres | Medina County | Sold: 08/28/13 Days on Market: 68 | Sold Price: $12,741,300

4

Kuper Ranch Sales 2178± Acres | Medina County | Sold: 09/10/13 Days on Market: 69 | Sold Price: $12,741,300

5

Tom W. Davis, Ranch Broker 3774.79± Acres | McMullen County | Sold: 10/30/13 Days on Market: 260 | Sold Price: $11,500,000

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6

Keller Williams Farm and Ranch Group 4000± Acres | Victoria County | Sold: 11/12/13 Days on Market: 145 | Sold Price: $9,400,000

Dripping Springs Realty 788.49± Acres | Blanco County | Sold: 09/24/13 Days on Market: 452 | Sold Price: $9,250,000

9

Prime Country Real Estate 3,000± Acres | Comanche County | Sold: 09/30/13 Days on Market: 186 | Sold Price: $4,350,000

8

10,200± Acres | Pecos County | Sold: 08/24/13 Days on Market: 2,126 | Sold Price: $5,500,000

10

Texas Ranches For Sale 1377± Acres | Kimble County | Sold: 10/15/13 Days on Market: 308 | Sold Price: $4,097,684

11

Land Advisors Organization 97.23± Acres | Travis County | Sold: 09/13/13 Days on Market: 528 | Sold Price: $3,900,000

12

Kuper Ranch Sales 389± Acres | Kendall County | Sold: 11/15/13 Days on Market: 581 | Sold Price: $3,600,000

13

HomeLand Properties 985± Acres | Walker County | Sold: 10/16/13 Days on Market: 247 | Sold Price: $3,353,624

14

Republic Ranches 430± Acres | Cooke County | Sold: 09/19/13 Days on Market: 278 | Sold Price: $3,230,000

15

RE/MAX Centx Assoc.

185.86± Acres | Williamson County | Sold: 09/04/13

16

Kuper Ranch Sales 665± Acres | Milam County | Sold: 08/26/13 Days on Market: 539 | Sold Price: $3,000,000

17

19

583± Acres | Medina County | Sold: 10/14/13

Days on Market: 1,000 | Sold Price: $3,163,860

18

L Davis Realty, Inc. 789± Acres | Bee County | Sold: 08/16/13

Days on Market: 115 | Sold Price: $2,700,000

7

Moore Land Company LLC. Days on Market: 200 | Sold Price: $2,545,000

Great Southwest Ranches/Ted Feigle Real Estate

Tom W. Davis, Ranch Broker 1050± Acres | Live Oak County | Sold: 10/18/13 Days on Market: 100 | Sold Price: $2,750,000

20

Pruitt Realty 1335± Acres | Bosque County | Sold: 09/23/13

Days on Market: 1421 | Sold Price: $2,514,092

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21

Land Advisors Organization 546± Acres | Burnet County | Sold: 09/13/13 Days on Market: 337 | Sold Price: $2,456,892

22

Texas Ranches For Sale 196± Acres | Kendall County | Sold: 10/01/13 Days on Market: 245 | Sold Price: $2,275,000

23

24

RE/MAX Bastrop Area 561.85± Acres | Bastrop County | Sold: 10/21/13 Days on Market: 119 | Sold Price: $2,250,000

25

Kuper Ranch Sales 684± Acres | Kinney County | Sold: 08/28/13 Days on Market: 162 | Sold Price: $2,225,000

26

RE/MAX Llano 788± Acres | Llano County | Sold: 09/30/13 Days on Market: 171 | Sold Price: $2,206,400

27

Covenant Partners Realty 168± Acres | Bandera County | Sold: 11/01/13 Days on Market: 291 | Sold Price: $2,200,000

28

Mystic Hills Realty 258± Acres | Colorado County | Sold: 10/15/13 Days on Market: 68 | Sold Price: $2,196,757

29

Simpson Ranches & Land LLC 541± Acres | Frio County | Sold: 09/26/13 Days on Market: 23 | Sold Price: $2,028,750

31

Brazosland Classic Realty 17.91± Acres | Brazos County | Sold: 10/01/13 Days on Market: 1,180 | Sold Price: $2,000,000

32

259.89± Acres | Kendall County | Sold: 09/13/13

30

Beaux Cook and Associates 381± Acres | Bandera County | Sold: 10/25/13 Days on Market: 2,321 | Sold Price: $2,000,000

33 58

Winkler & Company, Menley Group 533.88± Acres | Bastrop County | Sold: 09/11/13

Days on Market: 125 | Sold Price: $1,999,238

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34

Stephens Ranch Hand Real Estate

540± Acres | Brown County | Sold: 09/03/13 Days on Market: 102 | Sold Price: $1,975,000

LANDTX 188± Acres | Gillespie County | Sold: 09/06/13 Days on Market: 233 | Sold Price: $2,250,000

Kuper Sotheby’s International Realty

Days on Market: 606 | Sold Price: $2,000,000

35

Hodde Real Estate Co 140.49± Acres | Austin County | Sold: 10/28/13

Days on Market: 139 | Sold Price: $1,899,100

M a r k et R eport

37

5 Star Country Properties, LLC 0.52± Acres | Harris County | Sold: 08/16/13 Days on Market: 361 | Sold Price: $1,840,000

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40

KW Luxury Int. 14.28± Acres | Kendall County | Sold: 10/23/13 Days on Market: 503 | Sold Price: $1,795,000

41

RE/MAX Llano 448± Acres | Llano County | Sold: 10/17/13 Days on Market: 83 | Sold Price: $1,794,036

43

Greene Realty 1377± Acres | Edwards County | Sold: 08/16/13 Days on Market: 88 | Sold Price: $1,721,250

44

The Texas Ranch Company LLC 720± Acres | Frio County | Sold: 10/23/13 Days on Market: 85 | Sold Price: $1,656,000

Days on Market: 78 | Sold Price: $1,600,000

46

Ben Thomas Companies 226± Acres | Collin County | Sold: 09/30/13 Days on Market: 140 | Sold Price: $1,563,000

47

Galm Real Estate LLC 6.97± Acres | Comal County | Sold: 08/21/13 Days on Market: 873 | Sold Price: $1,530,890

Horseshoe Bay One Real Estate Llano County | Sold: 09/14/13 Days on Market: 1,312 | Sold Price: $1,495,000

49

Greene Realty 1,116± Acres | Edwards County | Sold: 10/03/13 Days on Market: 513 | Sold Price: $1,475,206

50

Kuper Ranch Sales 156± Acres | Uvalde County | Sold: 11/14/13 Days on Market: 769 | Sold Price: $1,450,000

RE/MAX Town & Country The Shane T. White Team 143.52± Acres | Williamson County | Sold: 08/26/13

38

Great Southwest Ranches/Ted Feigle Real Estate

100± Acres | Gillespie County | Sold: 08/24/13 Days on Market: 852 | Sold Price: $1,800,000

Days on Market: 710 | Sold Price: $1,890,000

39

42

Sam-Mar Ranch Realty 193.15± Acres | Blanco County | Sold: 08/23/13

Days on Market: 39 | Sold Price: $1,800,000

Tom W. Davis, Ranch Broker 504± Acres | San Patricio County | Sold: 09/27/13

45

48

Days on Market: 434 | Sold Price: $1,764,000

L Davis Realty, Inc. 588.45± Acres | Live Oak County | Sold: 11/05/13

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Big 50for

SALE

(August 16, 2013 through November 15, 2013)

1

Kuper Ranch Sales Property ID: 1477517 | 29,000± Acres Kerr County | $85,000,000

2

Texas Ranchlands Realty /John L. Ahern Broker Property ID: 1548881 | 14,200± Acres Pecos County | $7,810,000

3

King Land & Water LLC Property ID: 1555099 | 12,500± Acres Presidio County | $10,625,000

4

Land & Ranch Realty, LLC Property ID: 1503016 | 12,000± Acres Real County | Call For Price

5

Republic Ranches Property ID: 1459013 | 11,612± Acres Fannin County | $52,342,930

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Land & Ranch Realty, LLC Property ID: 1554114 | 10,700± Acres Real County | Call For Price

7

Vision Real Estate Property ID: 1525464 | 10,288± Acres Presidio County | $5,658,400

8

Whitaker Real Estate Property ID: 1549836 | 9,253± Acres Donley County | $9,484,325

9

Coldwell Banker Pacesetter Steel Property ID: 1526317 | 9,167± Acres Val Verde County | $5,041,850

10

Reata Realty and Management Co. Property ID: 1512542 | 7,325± Acres Wharton County | $29,750,000

11

Lenk Real Estate Property ID: 1561464 | 7,271 ± Acres Terrell County | $2,725,560

12

Fred L. Graff Realty Property ID: 1556675 | 6,700± Acres Val Verde County | $5,025,000

13

Dan W. Kinsel III Ranch Broker, LLC Property ID: 1456370 | 5,740± Acres La Salle County | $12,053,412

14

Ranch Investments Property ID: 1469149 | 5,719± Acres Val Verde County | $2,830,905

15

Kuper Ranch Sales Property ID: 1535349 | 5,680± Acres Maverick County | $9,060,287

16

Sam Vester and Joe Wilson Property ID: 1456120 | 5,600± Acres Webb County | $19,600,000

17

Turner Land Company Property ID: 1484146 | 5,576± Acres Clay County | Call For Price

18

RE/MAX Prodigy Property ID: 1564940 | 5,499± Acres Andrews County | $4,124,820

19

Texas Best Ranches, LLC Property ID: 1492083 | 5,033± Acres Coke County | $10,040,835

20

Coalson Real Estate Property ID: 1544300 | 4,973± Acres Kinney County | $5,346,136

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21

Brooks Land Gallery Inc. Property ID: 1503055 | 4,846± Acres Stonewall County | $4,337,170

22

Campbell Patton Ranch Investments Property ID: 1555304 | 4,632± Acres Jim Hogg County | $10,885,200

23

Trip duPerier, The Texas Land Man LLC Property ID: 1565097 | 4,500± Acres Llano County | Call For Price

24

Coalson Real Estate Property ID: 1544301 | 4,416± Acres Palo Pinto County | $33,124,388

25

Kuper Ranch Sales Property ID: 1459243 | 4,250± Acres Tom Green County | $15,900,000

26

Kuper Ranch Sales Property ID: 1456005 | 4,168± Acres Medina County | $11,750,000

27

Whitaker Real Estate Property ID: 1549849 | 4,006± Acres Donley County | $4,506,750

28

Terry Wootan Real Estate Property ID: 1466350 | 3,700± Acres Llano County | $18,130,000

29

Coalson Real Estate Property ID: 1488016 | 3,300± Acres Parker County | $21,103,500

30

Sacred Land Ranches Property ID: 1541586 | 3,279± Acres McCulloch County | $10,000,000

31

www.TexasHuntingLand.com Property ID: 1499315 | 3,168± Acres Runnels County | $6,475,000

32

Donnie Stegemoller Realtor Property ID: 1465735 | 3,161± Acres Runnels County | $5,041,796

33

Haynes Realty Company Property ID: 1550250 | 3,000± Acres Victoria County | $8,850,000

34

Busbee Ranch Sales Property ID: 1494683 | 3,000± Acres Webb County | $4,275,000

35

Capitol Ranch Real Estate Property ID: 1556598 | 3,000± Acres Comanche County | $7,485,000

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Rike Real Estate LLC Property ID: 1512433 | 2,779± Acres Haskell County | $2,640,050

37

Larry Behrens Real Estate Property ID: 1483116 | 2,667± Acres Crockett County | $1,600,200

38

West Texas Ranch Realty Property ID: 1566073 | 2,646± Acres Brewster County | $992,250

39

Clift Land Brokers Property ID: 1477877 | 2,560± Acres Dallam County | $3,600,000

40

Clift Land Brokers Property ID: 1525523 | 2,560± Acres Gaines County | $4,250,000

41

Southwest Ranch & Farm Sales Property ID: 1511138 | 2,509± Acres Bowie County | $9,157,850

42

Southwest Land Associates Property ID: 1567707 | 2,495± Acres Zavala County | $5,613,750

43

First Texas Brokerage Property ID: 1517971 | 2,464± Acres Comanche County | $8,625,000

44

AFM Land Sales, LLC Property ID: 1524887 | 2,452± Acres Liberty County | $4,474,900

45

Texas Ranches For Sale Property ID: 1548700 | 2,424± Acres Sutton County | $2,896,680

46

Texas Ranch Sales, LLC Property ID: 1558993 | 2,335± Acres Coke County | Call For Price

47

Coalson Real Estate Property ID: 1488009 | 2,330± Acres Wise County | $8,155,000

48

Southern Timbergrowers, Inc. Property ID: 1520738 | 2,295± Acres Liberty County | $2,983,500

49

LANDTX Property ID: 1490834 | 2,276± Acres Hays County | $17,866,600

50

1st Choice Realtors Property ID: 1493197 | 2,240± Acres Swisher County | $1,545,600

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