Luxury East Texas ranch sold to top-secret buyer at record price, with bidders as far away as China

Real estate circles are buzzing over the record sale of luxurious Timber Creek Ranch, a 346-acre western playpen on Lake Cypress Springs, 90 minutes east of Dallas. Concierge Auctions, which conducted the sale on site at the ranch, said it represents the highest residential sale price ever in the Lake Cypress Springs area.

The price tag isn’t being disclosed, neither is the buyer, but Second Shelters reports that the sale was in the range of $8 million for the property that was previously estimated to be valued at $15 million. The auction house says that there were nine bidders, one from as far away as China. Second Shelters adds that it was a Dallas buyer who picked up this gem of a working and recreational ranch.

Read the article at Culture Map.