On Tuesday, 02 February 2021, the San Angelo City Council authorized the city to proceed with the sale of the approximately 20,000 remaining acres of Ford Ranch land. The land, priced at no less than $1,385 per acre, was sold to Lendon Hamlin. Texas Ranches have long been seen as valuable investments, which is why so many real estate tycoons, business moguls, and celebrities have secured prime property in the Lone Star State. Apart from the picturesque natural beauty that surrounds a ranch, there are several other reasons why Texas Ranches can be a highly worthwhile investment.
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