A 2,198-acre property located 17 miles from downtown Dallas sold for $4 million at auction on March 7 to an oil company supply executive from Dallas. The sale was attended by roughly 50 people with 15 registered bidders. The property was offered in its entirety or in tracts ranging from 31 to 1,054 acres by Hall and Hall Auctions in conjunction with Hortenstine Ranch Company. Located three miles south of Lake Ray Hubbard Dam, the property encompasses more than five miles of Trinity River frontage. “We are very pleased with the outcome of the auction,” said Scott Shuman of Hall and Hall Auctions. “The property is only a few minutes from downtown and very secluded, so the interest was quite high.”
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