Dean Witter's 26,600-acre ranch in Northern California, about the size of San Francisco, is listed for sale at a whopping $31 million
A 26,600-acre ranch straight out of a western movie is for sale in Northern California.
Lone Pine Ranch sits about four hours north of San Francisco and is listed for sale at a whopping $31 million. It previously belonged to descendants of the late Dean Witter, cofounder of West Coast investment giant Dean Witter & Company, who purchased the land in 1942. The firm merged with Morgan Stanley in 1997 in a $10.2 billion deal, according to The New York Times.
The ranch spans about 42 square miles, just shy of San Francisco's 47 square miles.
The $31 million price tag is a big one, but it's rare for such a vast piece of ranch real estate to be available in California. Considering the priceless everyday views of the region's landscape and the tranquil respite it could offer from the hustle and bustle of the tech capitol, the listing price could be seen as a downright bargain.
Take a look at the sprawling homestead:
Say howdy to Lone Pine Ranch.
The ranchland expands across Trinity and Mendocino counties in Northern California.
It's about a four-hour drive from San Francisco.
Witter lived in San Francisco before his death in 1969, visiting his land via a train that took him from the city straight to his ranch.
Source: SF Gate
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Saturday, June 09, 2018
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