Story at a glance

  • Billionaire investor and Dallas Mavericks owner Mark Cuban is now the owner of a 77-acre Texas town.
  • The town boasts a population of 23 people.
  • “I don’t know what if anything I will do with it,” Cuban said.

Billionaire investor and Dallas Mavericks owner Mark Cuban is now the owner of a 77-acre Texas town.

Navarro County records viewed by the Dallas Morning News show the entrepreneur purchased the town of Mustang, which is located about 55 miles south of Dallas. The town boasts a population of 23 people. 

Cuban, who has a net worth of around $4.5 billion, told the paper in an email he bought the town because a friend needed to sell it, although he doesn’t know what’s in store for his acquisition. 

“I don’t know what if anything I will do with it,” Cuban said. 

The town, which was founded in the 1970’s, went up for sale in 2017 for $4 million but it never sold, according to the paper. 

“I had a fair amount of interest in it, but it was priced too high — even when we brought it down to $2 million,” Dallas real estate broker Mike Turner told the paper. 

“It’s a natural for Mark with the Mavericks to have Mustang,” he added. 

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Real estate broker Michael Turner told the Houston Chronicle during the original listing in 2017 the town “has endless possibilities, one just has to use his imagination.” But he said there was also a different side to the town. 

"There was a strip club there called Wispers that has since permanently closed. There was a killing there, the business had quite a tale," Turner said.

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Published on Dec 03, 2021