A Granbury residential development containing the largest contiguous pecan orchard in Texas has been listed for sale.
Pecan Plantation Community, which consists of about 3,200 residential lots and approximately 1,500 acres of productive pecan orchard, is up for sale, the owners Anthony family announced Wednesday.
A 17-miles stretch of Brazos River surrounds the development, located below the Lake Granbury Dam and about 12 miles from downtown Granbury.
The property was first acquired by O.P. Leonard, a prominent Fort Worth merchant, in 1948. The family included Jim and Jane Anthony, who started the Pecan Plantation Community development in 1972.
The Anthonys acquired 100% ownership of the property in 1988. Jim and his sons, Ben and John Anthony, continued to operate the pecan orchard and the residential development through their integrated home construction, real estate brokerage and commercial businesses.
Dallas-based Icon Global Group, an affiliate of Briggs Freeman Sotheby's International, is working with the Anthonys to sale the property.
"Perhaps there is another developer or like-minded family like ours that would like to take on and continue what we have nurtured to this point in time," Jim Anthony said in a press release.
Pecan Plantation Community has about 2,500 homes already built. The developer, Orchard Development Company, and the Pecan Plantation Owners Association had agreed that in the future the total number of developed lots on the original 4,200 acres will not exceed 4500.
The property has a commercial center that includes a bank, grocery store, medical center, pharmacy and other business and services.
Its residents can enjoy various amenities such as a full-service country club, two 18-hole golf courses, two private airports, a marina on Lake Granbury, an equestrian center and community center among others.
"I have had some interesting opportunities in my career but representing the Anthony family and this property will be a highlight," Icon Global's founder Bernard Uechtritz said in a statement. "This is a life's work of cohesion and collaboration as a family and a Texas business legacy that is unmatched. They are handing over generations of made memories for thousands who have made Pecan Plantation a home and lifestyle like no other, and there is more blue sky to come."
Any estimation on the price of the property was not disclosed.