He's owned it for 36 years? I hope he's not still making mortgage payments. Is the issue just property taxes?
Also, some people have "a ranch" which actually generates a profit. If your ranch just sucks money out of your bank account, then you may be doing it wrong.
Yes, quite a few variations of the definition, but according to Oxford.... “noun
1.
a large farm, especially in the western US and Canada, where cattle or other animals are bred and raised.
“a beef cattle ranch”. I’m guessing in Selleck’s case it’s a sprawling estate which real estate agents sell as a “ranch”. Maybe has a couple horses.
1761 Portrero Rd, Thousand Oaks, and you are correct, I remember when he bought it and have been there. Sounds like he pissed away all his money, but I doubt it.