Cattle Ranch and Leased Land Operation
In 1882, two Irish immigrants, Richard O'Neill Sr. and James Flood, acquired the ranch. Flood and O'Neill became equal partners of the Rancho Santa Margarita y las Flores, Rancho Mission Viejo and Rancho Trabuco lands. Flood provided the money to purchase the ranches; and O'Neill, offering his skills as a cattleman as sweat equity, agreed to work out his half as resident manager. Under O'Neill, the cattle herd was upgraded and expanded, the land was improved, row crops were introduced, and the ranch became home to Orange County's biggest wheat fields.
In 1907, James L. Flood, son of the original owner, made good on his late father's promise and conveyed an undivided half interest to O'Neill, Sr. Four months later, declining health caused O'Neill to deed his interest to his son, Jerome. In 1923, the sons of Flood and O'Neill consolidated their partnership with the Santa Margarita Company. Shortly thereafter, both men died.
The Santa Margarita Co. was dissolved in 1939 when the ranch was split in two. Richard O'Neill Jr. retained the portion of the ranch located in Orange County (Rancho Mission Viejo and Rancho Trabuco) and the Flood family took the Rancho Santa Margarita y las Flores property in San Diego County. In 1942, the United States Marine Corps acquired the entire San Diego portion of 123,620 acres (500.3 km2) for $4,239,062 to expand Camp Pendleton. After the war, what remained of the historic Ranch now encompassed two Orange County parcels, united under the name Rancho Mission Viejo, and totaling 52,000 acres (210 km2).
O'Neill died in 1943 and his widow, Marguerite, led the family and kept the family business intact. In June 1950, with the establishment of the 278-acre (1.13 km2) O'Neill Regional Park, the O'Neill family made the first of its many open space dedications to the people of Orange County; the family has since dedicated thousands of acres of open space to Orange County.
Read more about this topic: Rancho Mission Viejo
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