It was originally founded as a horse farm by the Beebe family sometime prior to 1923.

The Ranch closed in 2010 when its owner, Billy Beebe, was deployed to Afghanistan during the War in Afghanistan as a member of the National Guard of the United States;[1] it reopened on July 27, 2016.

[4] Misty had stayed in the house at the ranch during the Ash Wednesday Storm of 1962,[3] a major winter storm that struck the coast and became the basis for the book Stormy, Misty's Foal.

In 2016, the first foal and Misty of Chincoteague descendant since 1972 was born on Beebe Ranch.

The black pinto filly was born to 5th-generation Misty descendant and Chincoteague pony Nightmist's Little Angel - a bay pinto mare with some Thoroughbred and American Paint Horse blood - and was named "Angel's Stormy Drizzle" (or "Drizzle") by her owners, Billy and Bonnie Beebe.