Friday, March 27, 2015

Luxury $17M ranch in North Texas to sell to the highest bidder

Timber Creek Ranch   Concierge Auctions
A 346-acre North Texas ranch on Lake Cypress Springs has landed on the auction block and will be sold to the highest bidder at a live auction in May.

The ranch, called Timber Creek Ranch, previously was marketed in parcels for nearly $17 million.

"There are so many potentials for its future use that we anticipate a wide variety of bidders," said Billy Long, head of New York City-based Concierge Auctions' land & ranch division.

Timber Creek Ranch, a working and recreational ranch on Lake Cypress Springs, sits about an hour-and-a-half drive away from Dallas in Winnsboro. The ranch is being put on the market in three different bidding segments, which include:

The 26-acre lakefront parcel on Lake Cypress Springs, which was previously put on the market for $11.95 million

The 320-acre upper parcel, which was previously put on the market for $5 million

The entire 346-acre ranch, which has never been offered for sale in its entirety

The master-planned property is lined with pipe metal fencing and was cobbled together from 14 different real estate closings. The ranch could be used as a sportsman's resort, a bed and breakfast, or event center.

Timber Creek Ranch includes a number of activities ranging from riding horses to shooting skeet. Along with lakeside access to Lake Cypress Springs, the property includes two on-site, bass-stocked lakes.

The ranch also includes five timber and stone structures with luxury finishes for entertaining and living.

Concierge Auctions is auctioning Timber Creek Ranch in cooperation with Kyle Crews of Allie Beth Allman & Associates and Ralph Robertson of Century 21 Butler Real Estate Services.

The live auction is scheduled for May 7 at 416 County Road South East 3390 in Winnsboro.

Timber Creek Ranch can be viewed daily by appointment, or during the auction preview event on April 18 from 4 p.m. to 6 p.m. The buyer's broker is being offered a 2 percent commission.

Candace Carlisle, Dallas Business Journal