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Impressive equestrian facility for sale

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  • Paard Hill looks pretty nice. But for 7.95 (like we won't notice that that is almost 8M?) I'd want more than "deeded access" to the bay. Maybe they could throw in a small waterfront acre?

    Comment

    • Original Poster

      North Wales (Warrenton, VA) dropped off the market about two months ago. Sold? No. It appears they just wanted to increase the price because it wasn't moving in the last year. Logic meet window and just jump through it!

      From $22,950,000 previously it is now up to $25,000,000 because you should pay a premium for having not buying last year

      Also appearing on the market over this past weekend? The late Ned Evans Spring Hill Farm - in Warrenton, VA for $25,000,000 for the 2,426 acre breeding/racing estate which has been one of Virginia's leading farms for the last decade. After they disbursed their stock last year you had to assume the days of being held be the estate trustees were numbered.

      Comment


      • Please don't post these properties. It only leads to hours of wasted time on irrational fantasies.

        and then I have to go clean the litterbox.

        Comment

        • Original Poster

          If you just missed out on buying the late Henryk de Kwiatkowski's Calumet Farm in Lexington you can always buy some of the furnishings to adorn your home

          Per the LexHerald a two day off-site (not at Claumet!) estate sale will be held:

          Ann Greely Interiors and Antiques in Lexington will sell off much of the furnishings from the Henryk de Kwiatkowski Trust, which owned Calumet Farm until it was bought this spring by Brad Kelley.

          The estate sale, Friday and Saturday, has about 225 lots of antiques, upholstered furniture, lamps, original art, prints, Waterford and Baccarat crystal, Wedgwood pottery, majolica, creamware, linens, rugs and more.

          An additional 100 lots have been sent to Christie's in New York to be auctioned in December.
          Ann Greely Interiors and Antiques, at 497 East Main Street, Lexington: the sale is open 9 a.m. to 4 p.m. Friday (Aug 10) and Saturday (Aug 11).

          Anyone would be hard pressed to make their home as authentic polo furnished as this residence which is blogged about: The Polo House (blog) 'tack room'

          Comment

          • Original Poster

            As cited before, the Warrenton/Casanova, Virginia breeding farm of late Ned Evans (a distant cousin to Paul Mellon) Spring Hill Farm is now on the market for $25M. Here is another listing variation for the property with the formal Thomas-Talbot site.

            Depending on the buyer, if its acquired by someone without the fortune and passion of Ned it will be a considerable blow to Virginia ever regaining any notoriety in breeding.

            That same firm and agent is now representing the loooooooong for sale 'Ashland Farm' on Holtzclaw Road outside of Warrenton, Virginia. Acquired in the late 1920's by New Yorkers Mr. & Mrs. Amory S. Carhart Jr. They then had it remodeled and enlarged by architect William Lawrence Bottomley between 1929 and 1935 as their hunt box estate.

            Amory was MFH for the Warrenton Hunt and they owned and bred the Virginia Gold Cup (1951) winner “Mister Mars” among other horses. The sprawling estate and multiple stables stayed with the family until the early 1970's. It would be in the early 1980's that it was acquired by its most infamous owner and became, unfortunately, the setting for a noted murder in the late 1990's.

            The 340-acre property had been listed for as much as $9.5 million by the current owner who paid $4.9M in 2004 during a very hot market and is now being peddled on just 82 acres (more land available) for $3.4 million ... which is a considerable premium over other Bottomley designed estates in the immediate area.

            Comment

            • Original Poster

              Ashland Farm (Warrenton, VA) dropped to under $3M so maybe the owners are serious about selling

              Private farms aside - this is a large farm offering announcement:

              DRF Aug 28, 2012: "Vinery properties put up for sale"

              Simon has owned Vinery since 1999, when he bought it from George and Kay Hofmeister. Vinery’s U.S. properties include farms in Kentucky, Florida, and New York. Vinery made a major foray into New York in 2011 when it purchased Susan and Howard Kaskel’s Sugar Maple Farm in Poughquag as a stallion hub and invested in Empire Stud near Hudson as a boarding facility.

              The operation also has a major farm in Australia, where its flagship stallion More Than Ready spends the southern hemisphere breeding season, but that is owned in partnership and is not on the market.

              Ludt will handle purchase inquiries and said that Simon is keeping his options open on whether to sell the farm a single unified operation or as separate entities. “But he doesn’t want to break it up, and ideally they would love to have someone just buy Vinery,” Ludt said.

              Comment


              • Originally posted by Hippolyta View Post
                Please don't post these properties. It only leads to hours of wasted time on irrational fantasies.

                and then I have to go clean the litterbox.

                Ahahhahahahhahaaaaaa

                I actually laughed out loud
                Rural Property Specialist
                Keller Williams Realtors

                TexasEquestrianProperties.com
                Email Me for Horse Property!

                Comment

                • Original Poster

                  Rather optimistic with this offering as it just seems exceedingly ambitious even with the stallions and broodmare stock included: Aug 2012 - Fashion Farms, New Hope, PA, listed for $50,000,000

                  Fashions Farms is being sold in its entirely to include four horse farms.

                  The horse operation consists of 3 different townships - 2 in Buckingham, 1 in Upper Makefield, and this 1 in Solebury Township. Total of almost 464 Acres. Includes +/- 175 standard bred horses, including, but not limited to stallions, broodmares, colts and fillies. The number of horses changes with yearling sales and birth of new ponies and sale of race horses. Also included is all of the equipment related to breeding and raising the horses.
                  Fashion Farms, per their website, is noted most for Broadway Hall

                  Comment

                  • Original Poster

                    Originally posted by Glimmerglass View Post
                    While Bank Of America (the mortgage holder - 3 different loans) of Albemarle House did win back the property @ $15.26 million - the loans total $22.82M - the interesting twist is the losing bidder: Donald Trump. And he views this as just one battle in the war.

                    C-Ville Feb 16, 2010 "Donald Trump makes bids for Kluge properties clear"

                    Trump reportedly has the right of first refusal on Albemarle House via an interest in a 200-plus acre tract of land currently held in the John W. Kluge, Jr. Trust.
                    Trump is now sitting on the sidelines with his advisers (including Skadden, Arps, Slate, Meagher & Flom) trying to work out a deal to acquire the property from the bank. The real estate mogul and television personality already has an agreement to acquire the 200-acre lot, and is working on a deal for the winery.

                    Maybe he'll want to get into steeplechasing
                    And finally Trump gains control of the mansion itself after effectively owning all the land around it and even an easement with the entry drive. Nobody would've bought it with another interest having a stranglehold! Last listing site

                    News & Advance, Lynchburg VA: "Trump gets Kluge mansion, now owns entire estate" Sep 28, 2012

                    Bank of America officials confirmed the sale of Albemarle House, which was finalized Wednesday. The sale price is a reported $6.5 million, a bargain compared to the initial $100 million asking price put forth by Patricia Kluge in November 2009.
                    Don't expect an equestrian center or steeplechase venue despite it being C'ville popular - rather yet another Trump golf course instead. Just as he did to the former Cowperthwaite family's large equestrian estate in NJ, later owned by John Z. DeLorean, and now a Trump course.

                    Comment

                    • Original Poster

                      The Wall Street Journal has an extensive article on billionaire Brad Kelley, who bought Calumet Farm this past spring and races his horses under Bluegrass Hall (with 177 starts this year going 17-9-16): The Man With a Million Acres: Reclusive billionaire Brad Kelley is hardly ever photographed. He doesn't use email. And he owns more land than the state of Rhode Island.

                      "You don't call Brad Kelley. He calls you. People all over the South try to get land in front of him. He's been one of the most effective people at flying below the radar in this space," says Joe Taggart, a managing director with LandVest, a real-estate and timberland-consulting firm based in Boston.

                      He started Commonwealth Brands, a small cigarette manufacturer based in Bowling Green, Ky., with discounted brands like USA Gold, Sonoma, Commonwealth, Country Value and a cigar called Brahman in 1991. He sold Commonwealth in 2001 to Houchens Industries, a Bowling Green, Ky.-based conglomerate, for about $1 billion.

                      Mr. Kelley doesn't smoke. "I never defended it," he says of his old business. "Hopefully it will be phased out of society."
                      Mr. Kelley has "Eye of the Leopard" running on closing day (tomorrow/Sat) Grade 2 Fayette Stakes at Keeneland. Eye of the Leopard was a recent private purchase from the Sam-Son Farm powerhouse in Canada. The horse was under Sam-Son Farm going to the BC Marathon but will not now under Kelley.

                      Separately ...

                      Middleburg, VA located Mortgage Hall Farm (held by Middleburg Bank in foreclosure) which is adjacent to the Middleburg Training Track is now under contract for sale. Sold in March 2007 for $5,250,000 it will most likely close somewhere in the vicinity of just $2.5 million. The bank will take over a $1 million loss on the property.

                      Comment


                      • I love Mortgage Hall, but would be hesitant to buy it simply because of the proximity to the training center and the element that resides there in the rooms. Not that I have the funds anyways. But if Mr. Rouse makes good on his rumored intention of shutting the training center down, it might make an unusual opportunity for the right individual
                        Originally posted by The Saddle
                        Perhaps I need my flocking adjusted.

                        Comment

                        • Original Poster

                          Originally posted by rustbreeches View Post
                          I love Mortgage Hall, but would be hesitant to buy it simply because of the proximity to the training center and the element that resides there in the rooms. Not that I have the funds anyways. But if Mr. Rouse makes good on his rumored intention of shutting the training center down, it might make an unusual opportunity for the right individual
                          It's a lovely mansion, but needs work. I have to assume the would-be buyer is a horse (and likely racing) person and less so just a weekend/pleasure owner. Then again the barns could be razed and a buffer created with trees and meadows from the commercial track influence. My guess is that the buyer of this easily could make a bid for the training track and create a private racing complex.

                          Comment

                          • Original Poster

                            Originally posted by Glimmerglass View Post
                            Middleburg, VA located 'Mortgage Hall Farm' (held by Middleburg Bank in foreclosure) which is adjacent to the Middleburg Training Track is now under contract for sale.
                            Spoke too soon I received an email alert today on the property: "35487 Snake Hill Road, Middleburg, VA has changed the status from Under Contract to Active"

                            Comment

                            • Original Poster

                              Originally posted by Glimmerglass View Post
                              Private farms aside - this is a large farm offering announcement:

                              DRF Aug 28, 2012: "Vinery properties put up for sale"
                              And part of that for sale portfolio of properties has been acquired. So one less Christmas present if you were looking for it

                              12-18-12 Courier-Journal: Banke’s Stonestreet operation purchases Vinery’s Ocala training facility

                              Barbara Banke’s Stonestreet operation purchases a 220-acre property near Ocala, Florida that was previously owned by Vinery. The facility will officially become Stonestreet Training and Rehabilitation Center.
                              No price listed.

                              Another property that is on the market ...

                              Maui Meadow Horse Farm in Pennsbury Township (PA). The property is notable from an historical perspective - the claim is that Maui Meadow Farm is the Oldest Working Thoroughbred Farm in Pennsylvania.

                              Although that appears to date back to just around WWII.

                              Comment


                              • Not even worrying about how to decorate these estates for Christmas. Beautiful properties.

                                Comment


                                • Originally posted by Glimmerglass View Post
                                  Ashland Farm (Warrenton, VA) dropped to under $3M so maybe the owners are serious about selling

                                  Private farms aside - this is a large farm offering announcement:

                                  DRF Aug 28, 2012: "Vinery properties put up for sale"
                                  I ride at Vinery Stud in Florida and we got really lucky with Stonestreet purchasing it!! It's an amazing facility and they kept everything the same. The only thing that we had to change were our helmet covers! I'm kinda hoping Rachel Alexandra takes a vacation south at some point.

                                  Comment

                                  • Original Poster

                                    As expected ... Kat Clark (the late Mrs. Stephen Carlton Clark, Jr.) estate of Woodbox in Middleburg, VA is listed for sale following her death earlier this year. This almost ends the Clark family (Singer Sewing Machine) connection to the area.

                                    The only remaining direct resident (that I know of) is the wife of the late Bobby (Robert Vanderpoel Clark Jr., died 1960 at just 24-yrs old) in Upperville, VA. Next door to that property had been Robert Sterling Clark ("Hoist the Flag") estate and stable of Sundridge Farm. Jane II no longer resides there but went to Foxcroft and her sister Susan died in the early 1980's. Although her surviving husband Ned I believe has remained in the area.

                                    Woodbox was built in 1992 following the death of Stephen (who's prior wife died in 1979, Jane Forbes Clark, and owned Hoist The Flag) when they sold Boxwood on Half Road. It today is the winery of John Kent Cooke. Stephen's will granted adjacent Hill School over 150-acres of land.

                                    Comment


                                    • I see the lawn jockey has the light blue and yellow colors...
                                      But he thought, "This procession has got to go on." So he walked more proudly than ever, as his noblemen held high the train that wasn't there at all. H.C.Anderson

                                      Comment

                                      • Original Poster

                                        Originally posted by Glimmerglass View Post
                                        As expected ... Kat Clark (the late Mrs. Stephen Carlton Clark, Jr.) estate of Woodbox in Middleburg, VA is listed for sale following her death earlier this year.
                                        And just two days later it is already listed as under contract.

                                        CVPeg I don't think Stephen & Kat raced any horses under those noted silks. I have a picture of Stephen Jr. with his uncle Ambrose Clark taken in Middleburg. 'Uncle Brose', who was a gentleman jockey back in youth, actually rode in the first Virgina Gold Cup back when it was raced in Warrenton, VA as opposed to today's running in The Plains at Great Meadow.

                                        Comment

                                        • Original Poster

                                          FLASHBACK to 2008 ...

                                          Originally posted by Glimmerglass View Post
                                          Sale of the historic Bluegrass Heights Farm near Lexington, located at the corner of Old Frankfort Pike and Alexandria Drive.

                                          BloodHorse 3-13-08 "Padua Buys Bluegrass Heights Farm"
                                          And now that Padua Stables in Lexington, KY has been sold. Per the Paulick Report an unsolicited offer came from Brazil's Borges Torrealba family in January 2013

                                          Three Chimneys Farm managed the Padua property for the Sanan family. Updated with DRF reporting a sale price of $8.8 million

                                          Sanan also continues to own the white elephant farm in Central Florida that has been on the market since he purchased the Kentucky property. He has tried unsuccessfully to sell that farm, including putting it up for auction. Nobody has purchased that as of yet.

                                          A curious aspect is that Borges Torrealba owns and runs in Brazil TNT Stud. He purchased - and continues to hold - the silks of Calumet Farm. Borges purchased them in the 1992 auction of the farm - although it's unclear if TNT Stud secured them for NYRA tracks.

                                          No activity as of yet with Upperville's Lazy Lane Farm.

                                          Bunny Mellon was successful in selling her Cape Cod (Oysterville) MA 26-acre estate for $19.5 million at the end of 2012. Her Antigua compound is still on the market and sadly when she passes one would expect the 3,000 acre +/- Rokeby Farm in Upperville would be sold too. A few hundred acres have been sold in the last decade with protective covenants but don't expect Tim Mellon to emulate his stepfather.
                                          Last edited by Glimmerglass; Jan. 8, 2013, 08:25 PM. Reason: EDITED to include the purchase price

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