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Nearly 1,000 acres of the sprawling Red River Ranch property once owned by Hollywood icon John Wayne sold to a developer planning to build a massive master-planned community that could contain tens of thousands of homes.

CLB Real Property Holding Co. LLC, an entity tracing to Tempe-based W Holdings, paid $29 million for 925.46 acres to a partnership between Scottsdale-based El Dorado Holdings Inc. and Robson Communities Inc., according to Tempe-based Vizzda LLC.