Meanwhile, back at the ranch, Neal Wanless isn’t. South Dakota’s biggest lottery winner ever finally sold his 65-square mile Bismarck Trail Ranch this week. He didn’t get the $41.5 million he originally wanted, but he still doubled his money:
Now he has sold that ranch for $37 million, more than double what he paid, according to listing agent Robb Nelson of Hall and Hall.
Mr. Nelson said to his knowledge, it is the most expensive ranch ever sold in the state. Previously, the record was held by the $32.4 million sale of the Triple U Ranch, which was featured in the movie “Dances with Wolves.” That property was purchased in 2015 by a company tied to media mogul and major American landowner Ted Turner, Mr. Nelson said.
Mr. Wanless listed the ranch in September 2020, asking $41.15 million. The price was later lowered to $37.5 million, Mr. Nelson said. He said the buyer is the Kansas-based farm and ranching outfit J-Six South Dakota Land Holdings, which is headed by Daniel E. Gerety II, corporation records show [Katherine Clarke, “South Dakota Cowboy Sells Ranch He Bought with $232.1 Million Powerball Winnings for $37 Million,” Wall Street Journal via Mansion Global, 2022.12.22].
Correction to the WSJ headline: Wanless’s jackpot was $232.1 million, but he took a lump sum payment that, after $30 million in taxes, was $88.5 million.
As reported last spring, Wanless is leaving South Dakota to poke cows at his wife’s family’s ranch in socialist Canada and to winter in sunny Arizona, where snowstorms don’t get in the way of business:
Mr. Nelson said the closing was delayed by more than a week because of blizzard and white-out conditions in the region. On three separate occasions, the truck delivering the closing paperwork had to turn around because of weather, he said [Clarke, 2022.12.22].
With those papers signed, we can wish happy trails to Mr. Wanless and hi-howdy to our new corporate real estate neighbors.