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☛ Alice Walton sells her Millsap, Texas, ranch 11-30-17

ALICE WALTON SELLS HER 1,460 ACRE RANCH WEST OF FORT WORTH

STILL FOR SALE IS 4,416-ACRE PROPERTY NEAR POSSUM KINGDOM LAKE

Nov. 30, 2017
According to an article written by Max Baker in the Fort Worth Star Telegram, Alice Walton has sold her 1,460-acre cutting horse ranch after having it on the market for two years. The article says the ranch sold for a reduction in the $16.5 million original price to a West Texas group called the Three Amigos Investment Group Kermit, Texas, in late September.

According to Tony Underwood, a representative for the group, he could not divulge what they paid for the ranch but according to the Fort Worth Star Telegram article, court records show they didn’t finance the purchase. He said they will run cattle and other livestock on the property. The company has plans for the cutting horse facility, but said those plans are not finalized.

The ranch, located about 45 minutes west of Fort Worth near Millsap, included three-quarters of a mile of Brazos River frontage, as well as a 4,000-square-foot home and a 24-stall main show barn.

The 4,416-acre property she also owns is still for sale. It was originally advertised for $28.7 million; however, it is now on the market for $22.1 million.

Alice, the daughter of Sam Walton, the late founder of Wal-Mart, remains the wealthiest person in Texas, with an estimated net worth of $38.2 billion, according to the ranking by Forbes released last  month. She is currently listed as No. 13 on the list of richest Americans.

Alice was very active in the cutting horse industry, both riding and breeding cutting horses; however, due to her health issues, she was unable to spend time in the indoor horse arenas where most of the large money purses were offered. Therefore she decided to devote more of her time on the Crystal Bridges Museum of American Art in Bentonville, Ark., which she created. Its popularity precipitated her decision to sell the ranches. She also still has a  home in Fort Worth.

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