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Inside the $725 million estate

Updated 4:43 AM ET, Sat November 14, 2015

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The entrance to Waggoner Ranch, which the Wall Street Journal says could be sold by the end of the year. It was priced at $725 million.
Photos: Inside the $725 million estate
The entrance to Waggoner Ranch, which the Wall Street Journal says could be sold by the end of the year. It was priced at $725 million.
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For that price, it currently comes with 120 staff, of which 30 are cowboys.
Photos: Inside the $725 million estate
For that price, it currently comes with 120 staff, of which 30 are cowboys.
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There are more than 100 different properties that cover the estate, which itself is half-a-million acres in size.
Photos: Inside the $725 million estate
There are more than 100 different properties that cover the estate, which itself is half-a-million acres in size.
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The land in northwest Texas stretches across six different counties and is bigger than the whole of New York City and Los Angeles combined.
Photos: Inside the $725 million estate
The land in northwest Texas stretches across six different counties and is bigger than the whole of New York City and Los Angeles combined.
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It is the largest single-fenced ranch in the United States and, when sold, will also become the most expensive estate in the U.S.
Photos: Inside the $725 million estate
It is the largest single-fenced ranch in the United States and, when sold, will also become the most expensive estate in the U.S.
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The estate itself has stayed in one family, the Waggoners, for its entire 165-year history.
Photos: Inside the $725 million estate
The estate itself has stayed in one family, the Waggoners, for its entire 165-year history.
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The hope is that the buyer will hold on to all the workforce that are currently employed across the acreage.
Photos: Inside the $725 million estate
The hope is that the buyer will hold on to all the workforce that are currently employed across the acreage.
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Waggoner Ranch is no stranger to horse play of all kinds from reining ...
Photos: Inside the $725 million estate
Waggoner Ranch is no stranger to horse play of all kinds from reining ...
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... to polo matches that used to be more of a feature in the early 20th century.
Photos: Inside the $725 million estate
... to polo matches that used to be more of a feature in the early 20th century.
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The sale is being overseen by Bernard Uechtritz, a Papua New Guinea-born Australia who relocated to Texas.
Photos: Inside the $725 million estate
The sale is being overseen by Bernard Uechtritz, a Papua New Guinea-born Australia who relocated to Texas.
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Waggoner Ranch has a rich history. Among its more illustrious visitors was the former American president Theodore Roosevelt (center).
Photos: Inside the $725 million estate
Waggoner Ranch has a rich history. Among its more illustrious visitors was the former American president Theodore Roosevelt (center).
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Even the animals are famous. Esteemed shire horse Poco Bueno, the first horse insured for $100,000, worked there and was buried standing fully upright at the behest of the Waggoner family.
Photos: Inside the $725 million estate
Even the animals are famous. Esteemed shire horse Poco Bueno, the first horse insured for $100,000, worked there and was buried standing fully upright at the behest of the Waggoner family.
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Famed Comanche chief Quanah Parker has also been pictured on the ranch during its rich history.
Photos: Inside the $725 million estate
Famed Comanche chief Quanah Parker has also been pictured on the ranch during its rich history.
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Currently 56,000 acres of the property have been tapped for oil but the majority of its mineral potential remain unexplored.
Photos: Inside the $725 million estate
Currently 56,000 acres of the property have been tapped for oil but the majority of its mineral potential remain unexplored.
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There are more than 100 properties on the estate.
Photos: Inside the $725 million estate
There are more than 100 properties on the estate.
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There is enough water in one lake alone on the property to source the 105,000-strong population of nearby Wichita Falls.
Photos: Inside the $725 million estate
There is enough water in one lake alone on the property to source the 105,000-strong population of nearby Wichita Falls.
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The new owner of Waggoner Ranch will own the horizon in every direction.
Photos: Inside the $725 million estate
The new owner of Waggoner Ranch will own the horizon in every direction.
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Such is the vast expanse of land, a helicopter tour of the property takes an hour and 45 minutes.
Photos: Inside the $725 million estate
Such is the vast expanse of land, a helicopter tour of the property takes an hour and 45 minutes.
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There are a total of 39 tractors included in the deal.
Photos: Inside the $725 million estate
There are a total of 39 tractors included in the deal.
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The sellers are hopeful the property will remain in the hands of the new owners for another 165 years.
Photos: Inside the $725 million estate
The sellers are hopeful the property will remain in the hands of the new owners for another 165 years.
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The world's richest and famous were invited to bid for this incredible property.