Only Six Farms Remain at Gates Ranch
By Lisa Brown
A continued swell of interest and five recent closings leave only six available farms remaining at Wolff Companies’ Gates Ranch, a 1,500-acre community of family farms in historic Washington County. In the past three months, the last two community estates in Phase II were sold in addition to three estates in the final Phase III.
The activity at Gates Ranch reflects a broader trend of growing interest in Texas’ rural land. A recent study by Texas Real Estate Research Center at Texas A&M University shows a 33.57 percent increase in the number of 2020 land sales in the Gulf Coast-Brazos Bottom area, which includes Washington County.
The activity was particularly strong in third and fourth quarters 2020, with 45.4 and 78 percent increases in sales respectively. Overall, 552,707 acres were purchased for a record $1.69 billion in Texas in 2020.
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