A 5,400-acre Texas ranch with views of Dallas in the distance has gone on the market for an undisclosed amount.
The property, located in Ferris, Texas, about 20 minutes south of Dallas, includes a gated mansion with a 23,000-square-foot stone mansion, according to Icon Global, which listed the property this week. It is said that there is.
The mansion is “built for enjoyment with all the luxury amenities,” the property listing states. “The rear of this home is wrapped around a typical screened porch lanai, offering great unobstructed views of the lake and ranch.”
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You can see the Dallas skyline in the distance and see the listing photo.
Completed in 2000 and known as Tall Oaks, the mansion has an impressive double-height entrance hall and landscaped grounds with a shaded walkway and sculptures. It's set on 32 acres on a ranch that also includes an exotic animal sanctuary and a helipad.
The ranch was the home of the late W. Ray Wallace, CEO of Trinity Industries, a provider of rail vehicle products and services, who passed away in 2016. Records show he purchased some properties to create a ranch, but Mansion Global could not determine how. He paid a significant amount in total. Texas is a private state, and real estate prices are not publicly recorded.
Wallace raises cattle there, and the land still generates income from livestock, hay, and other natural products.
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The site also includes the 64-acre Woodstone development, which will include 251 single-family homes, Icon said. The current owners worked with Tommy Ford Homes to plan the project, which broke ground in 2020. There are three phases of development, one of which will be completed and sold. Representatives for Mr. Wallace's estate could not be reached for comment.
In 2019, Wallace's wife Bea told the Dallas Morning News that her late husband wanted to develop the land.
“He always thought it was going to be a housing development,” Wallace said. “It's a beautiful property in a great location.”
