Alice Walton, the Wal-Mart Stores Inc. heiress who founded Crystal Bridges Museum of American Art in Bentonville.
Alice Walton is selling her 1,400-acre Texas ranch to better concentrate on Crystal Bridges Museum of American Art in Bentonville, which she founded in 2011.
The ranch, located along the Brazos River on the Parker/Palo Pinto County line in Millsap, Texas, is listed for $19.75 million by Williams Trew Real Estate of Fort Worth and Coalson Real Estate of Weatherford, Texas.
“Rocking W Ranch is truly unique in its diversity and features a beautiful blend of improved pastures and wildlife-friendly native habitat,” Williams Trew agent Allen Crumley said in a news release. “Assemblages with the make up this ranch offers are hardly ever made available and present a special opportunity for prospective buyers.”
The ranch is among the largest cutting horse ranches in Texas. It’s about 45 minutes west of Fort Worth on Interstate 20.
In addition to three-quarters of a mile of Brazos River frontage and professional equine facilities, the property includes Walton’s 4,000-SF main residence.
The listing comes weeks after reports that the Wal-Mart heiress was selling out of the cutting horse business. Walton has had six championship horses since 2000.
In a news release announcing the ranch sale, Walton said it’s time for her to turn her attention to other matters.
“I have loved this business and this way of life,” she said. “But it is time for me to pull back and focus on other things that really matter to me.”
Walton’s Crystal Bridges will mark its fifth anniversary next year. On Nov. 11, it will open the Frank Lloyd Wright-designed Bachman-Wilson House, which the museum acquired in 2014 and moved from New Jersey to the museum grounds.
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