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29,000 Acres of Texas' Legendary Y.O. Ranch Listed for $85M

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A large portion of the Y.O. Ranch, one of Texas' most storied cattle ranches, has been listed for $85M. The 29,000-acre offering accounts for nearly three-quarters of the ranch's current acreage, down from a high of 550,000 acres back when Captain Charles Schreiner controlled the ranch in the 1880s. The Schreiner family, which has controlled the property for the past 133 years, had previously been interested in subdividing 10,000 of the acres and selling them off piecemeal, but are now attempting to fetch top dollar for a much larger tract. The huge land holding up for sale includes a main lodge with 40-foot ceilings; "four original historic buildings"; extensive equestrian facilities; fenced pens for the keeping of exotic animals (like the giraffes pictured in the listing photos); and more than a few historic buildings that have been moved onto the property, like a century-old schoolhouse and an "1850s stagecoach stop."

· The Legendary Y.O. Ranch [Sotheby's International Realty]