Impressive equestrian facility for sale

To take us back to the earlier posts re: the Bostwick’s. Pete’s old polo camp in Gilbertsville, NY is up for sale again.

http://www.trulia.com/property/3028873722-197-Centennial-Farm-Ln-Gilbertsville-NY-13776

[QUOTE=merrygoround;5184107]
To take us back to the earlier posts re: the Bostwick’s. Pete’s old polo camp in Gilbertsville, NY is up for sale again.[/QUOTE]

There were no takers for that property so they pulled back the amount of land offered and dropped the price too. Tianderah, the adjacent estate, remains unchanged at $3M :wink:

Where one of the former Bostwick polo barns (since razed) stood here, this new stable/home was built: offering - ‘Morning View Stables’ - which has been on the market for several months.

Most of the Bostwick barns, tenant houses and the polo fields remain owned by Albert Geldmacher of Sag Harbor (LI) and under the NYS Breeding farm of ‘Centennial Farm’ which has raced a few homebreds at NYRA tracks and Finger Lakes.

Back on the market (although sold before) is Nydrie, the former Daniel G. Van Clief family’s stud far, in Esmont, Albemarle County VA. The farm which produced 1947’s Kentucky Derby winner Jet Pilot was sold June 18, 2008 for $4.8 million to Nydrie Farm LLC, owned by Eric Shobe. However it returned on the market in May 2010, sadly being potentially marketed as a ‘buy it and preserve or develop’:

Historic ivy covered brick courtyard barn showcases this magnificent Albemarle landmark on 585 acres of rolling fields and forest. Approved for 35 building parcels, this is an ideal conservation easement candidate. Spectacular setting for significant home overlooking barn complex with Green Mountains as backdrop. Good water, rich tradition.

Shobe is looking for a tidy profit with it marketed at $6,250,000 (brochure) - well above the $4.8M paid 2-yrs ago.

Stonewall was listed for sale this week after the owners signed the property over to the bank they owed. The property had a really nice ad in this past week’s TT.

[QUOTE=bugsynskeeter;5184548]
Stonewall was listed for sale this week after the owners signed the property over to the bank they owed. The property had a really nice ad in this past week’s TT.[/QUOTE]

Yep, they finally gave up the legal challenges but it allowed them avoid a few other problems. Oct 20, 2010 Herald-Leader “Stonewall Farm ownership relinquished, put up for sale”

Cincinnati Capital Corp., which bought the debt on the farm from a Pennsylvania bank, announced Tuesday it has seized control of the 260-acre property.

By signing over the deed, the Hais fields avoid a formal foreclosure action, said Joseph M. Engelhart, CEO of Cincinnati Capital, which is acting under the name Stonewall Acquisitions.

“Stonewall Farm is a prized asset and one that we expect will gain considerable interest from buyers around the world,” Engelhart said in a statement. “This farm is a showstopper. … The 5,600-square-foot main residence is completely updated and elegant in all respects. The horse facilities are some of the most unique and discriminating in the world. …In the coming weeks (we) will begin to entertain offers from prospective buyers.”

Per The Daily Racing Form the asking price is $10.75M and there has been interest for the noted stable operations adjacent to Lane’s End Farm.

“We’ve had a number of people come forward as the rumor mill has been churning,” Englehart said. “The farm’s priced right, and I expect it to get a lot of action.”

Englehart declined to say how many inquiries Cincinnati Capital has had about the Stonewall property but added, “The folks that have expressed interest so far are in the Thoroughbred industry and are not from the Lexington area.”

Separately Justice Real Estate in Lexington has been marketing just the Broodmare portion of Stonewall for $3.8 million on 113 acres.

I’d like to see the appraisals on those properties and get a chunk of the commission!

Shoot just previewing them would be fun!

Not quite an impressive equestrian facility but still its a horse racing landmark of sorts not too far away from Keeneland Race Course in Lexington. The Post family having recently rebuilt the property were trying to establish an annual tradition of having the Kentucky Derby connections stay here after the race for an extended party. They’ll never get anything even close to this price whatsoever …

11-04-10 "Want to buy your own castle? Bluegrass landmark is for sale

Post’s asking price is $30 million, but that’s negotiable.

Charles Martin, general manager of CastlePost and a real estate broker, and Bill Moore, a Versailles attorney who represents Post on a pending legal matter, confirmed Thursday that the castle and its surrounding 50 acres on U.S. 60 are for sale. Martin said there has been no local print advertising about the castle because prospective buyers for the property are more likely to come from overseas.

Post is flexible on the asking price, Martin said, should talks move to the nitty-gritty terms of a contract.

“Everything is negotiable,” Martin said.

The Woodford County Property Valuation Administrator’s Office lists the castle’s assessed value at $4.5 million. Its 2010 property tax bill is $27,981.91, said Woodford County Sheriff Wayne “Tiny” Wright.

The castle, near the Fayette County line, has been a Central Kentucky curiosity for more than 40 years.

Lexington contractor Rex Martin Sr. — no relation to Charles Martin — started building the castle in 1969, but it sat unfinished and empty for decades.

Then Post, a Miami lawyer and a graduate of Lexington’s Lafayette High School and the University of Kentucky, bought it for $1.8 million in 2003. While it was being restored, a May 2004 fire burned the house.

In 2008, it opened as The CastlePost, a luxury bed-and-breakfast, to guests, who could make use of a swimming pool, tennis court and grand ballroom. It has 16 rooms for overnight guests that range in price from $325 a day for the State Room to $1,250 a day for each of the four “Royal Turret Suites.”

Guests at CastlePost have included Saudi Arabia’s Prince Turki Al Faisal; Princess Haya bint al-Hussein, president of the Federation Equestre Internationale; and her husband, Sheikh Mohammed bin Rashid al Maktoum of Dubai, a leading buyer of horses at Keeneland.

CastlePost has hosted several charity fund-raisers for the Salvation Army, the Scott County Humane Society and other organizations. Martin said charities raised $700,000 through events there in 2009, and are on track to raise about $500,000 this year.

http://www.thecastlepost.com/

[QUOTE=Glimmerglass;4503964]
A portion of Kelso’s home is now on the market. Following the death of Allaire du Pont in January 2006 at 92 the family has chosen to sell off 200 acres of the Chesapeake City, MD property on the banks of the Bohemia River.

The remaining 700+/- acres including the farm office, her family home, and the lovely cemetery where Kelso, his sire and dam, and others are buried will continue to be in the possession of Allaire’s daughter, Lana Wright, et al.

Sotheby’s listing 11-2009 ‘Woodstock Farm’ $3,665,000 - listing here - offered in as many as 4 parcels.

In addition to the partial farm sale the dispersal of Bohemia Stables horses started last week at Keeneland.[/QUOTE]

UPDATE: It now appears the heirs are disposing of the nearly 700 acres which make up Bohemia farm - including Kelso’s grave.

Nov 2010 - Sotheby’s Real Estate: Bohemia Stable (Woodstock Farm) - $8,995,000 USD

Own a part of Thoroughbred horse racing history! Almost 700 acres of fabled Bohemia Stable, the same fields where Hall of Fame racer Kelso was raised. Kelso was the only champion to be crowned Horse of the Year 5 times and is arguably the greatest horse in US racing history.

First time ever offered to the public; truly a once in a lifetime opportunity. This is a true Horse Farm with every imaginable habitat all situated on the Bohemia River of the Eastern Shore of Maryland. The property boasts multiple breeding and training facilities; broodmare barns, tenant houses and the main house of Mrs. Allaire duPont.

Kelso’s grave from Sotheby’s

An aside with Bohemia Stable/Woodstock Farm: going back to a Sep 2001 article on the farm and Mrs. DuPont

Kelso’s sire, Your Host, was a story in his own right. A winner of the Santa Anita Derby, he went off as the 8-to-5 favorite in the 1950 Kentucky Derby and led for a mile before tiring. A broken leg the following year ended his racing career and very nearly his life. His breeder, Hollywood mogul Louis B. Mayer, browbeat Lloyds of London into paying off promptly on the insurance policy. (Your Host was owned by Mayer’s son-in-law, William Goetz).

Lloyds paid off and subsequently sold Your Host to a syndicate as a stud prospect. Allaire duPont purchased shares in Your Host and in 1956 sent her Count Fleet mare Maid of Flight to him. The result was Kelso, named for her friend Kelso Everett.

Just as Kelso’s career began to take off, Your Host reinjured his leg and was euthanized. He had sired 16 stakes winners but had never again been bred to Maid of Flight. When developers later took over the farm where the stallion was buried, duPont had his gravestone shipped to her own farm, where it still rests next to Kelso’s.

Hopefully no one will have to do the same for Your Host (again) and Kelso if their home is developed!

Included in the aforementioned sale of Woodstock Farm is be “Kelly’s” private 8-acre paddock too:

When he was not barnstorming and making appearances on behalf of the University of Pennsylvania Veterinary School’s large animal hospital at New Bolton Center or the Grayson Foundation, Kelso lived in his own eight-acre paddock at Woodstock. There he received thousands of visitors and letters from his fan club.

Soon duPont began hunting and jumping Kelso without any special training or reeducation. “One day my daughter said to me, ‘Come on, why don’t you ride Kelso?’ He loved to hear voices, and I would just say, ‘Now, Kelly’ when we neared a hedge or wall, and he would jump them effortlessly,” duPont remembered.

In the fall of 1983, the 26-year-old Kelso was paraded with Forego before the Jockey Club Gold Cup (G1). He developed colic the following day and died.

Potentially one less Virginia breeding operation

Quietly being offered [although less so via an advert in The Wall Street Journal Nov 12, 2010] is the well known - the former Walter P. Chrysler estate of historical significance North Wales in Warrenton, Virginia purchased by Texan Michael V. Prentiss in 1996.

The entire estate (with some protective easements) is one of the largest estate in Fauquier County with a listed 1,466 acres. The huge 30,000sq ft+ stone mansion, stables, guest house, farm, et al is being offered for an undisclosed price via agent McLean Faulconer Inc.

Per the Breeders’ Cup bio on Prentiss

Has 27 broodmares at North Wales, which covers 1,500 acres and is one of the largest commercial breeders in Virginia. Primary purpose is breeding but Prentiss keeps a few horses to race. Stands no stallions at North Wales and primarily sends his mares to Kentucky stallions and occasionally to Maryland, Florida and New York Prentiss visits Lone Star Park often and called it a “wonderful racetrack.”

ETA: Images of North Wales with stable complex, etc from VA’s Film Office

Llangollen

I thought Langollen had been purchased by a couple; and was in operation for recycled race horses. Juliet Graham operated out of there?:confused:

[QUOTE=Carol Ames;5224602]
I thought Llangollen had been purchased by a couple; and was in operation for recycled race horses. Juliet Graham operated out of there?[/QUOTE]

I don’t know about the ex-race horses, but principally the owner (Maureen Brennan) operates polo from there. See Virginia Polo - “VIP”

[QUOTE=Glimmerglass;5223429]
Quietly being offered [although less so via an advert in The Wall Street Journal Nov 12, 2010] is the well known - the former Walter P. Chrysler estate of historical significance North Wales in Warrenton, Virginia purchased by Texan Michael V. Prentiss in 1996.[/QUOTE]

Still unlisted on Mclean-Faulconer site North Wales is advertised interestingly in the new 2010 Winter edition of the University of Virginia magazine: see here (pdf) with the half-page advert.

I don’t know if anyone is looking for a place - but - this facility has been up for a LLLLONG time in New Jersey; right in the heart of equine country (a minute off Route 78). Please note I am not an agent, nor do I have interest in this place. It is a beautiful facility and I (and am sure many others) would NOT like to see this developed.

NJ has a good Preserved Farm Land program with very helpful incentives.

This was a thriving Standardbred farm, at one time.

http://www.lanalobell.com/Home.html

I think someone lives in the main homestead. However, the farm buildings and homes are in disrepair.

[QUOTE=onthehill;5254255]
This was a thriving Standardbred farm, at one time.

http://www.lanalobell.com/Home.html[/QUOTE]

Yep, on the market forever and a day. In the last year there has a been a strong marketing push to unload this property. Lots of small ads in the Wall Street Journal for the property but almost always as development opportunity. There is a massive glut of horse farms in New York and with the near demise of NJ’s racing (or at least impending significant change) I don’t see anyone picking this up who is interested in a racing outfit.

It was once 495 acres, then marketed with 175 acres but now is offered with only 132. I can only assume chunks have been lost to development like the former Cowperthwaite 434-acre estate sold to John DeLorean and then lost in bankruptcy and now developed by Donald Trump.

The farm which has been around since the American Revolution became a commercial breeding facility in 1977 and went into bankruptcy in 1990.

You can see the empty mansion as well as the derelict cottages on the property and others here at this site for rentals with film / photo shooting locations

An article from the Star-Ledger back in 2008 on the property:

In the 1970s and 1980s, Lana Lobell Farms in Bedminster had four “Hambo” winners: Speedy Crown in 1971, Steve Lobell in 1976, Speedy Somoli in 1978, and Mack Lobell, considered the greatest trotter of all time, in 1987.

After a nearly 20-year run of unmatched success, Lana Lobell Farms went bankrupt.

“I guess people wondered how something so good could go bad,” McNamara said.

Leavitt moved on and rebounded. Today he runs Walnut Hall Farms in Lexington, which his wife, racing heiress Meg Jewett, owns.

“After all the good things he’s done, some people won’t let him forget what happened with Lobell farms. It was a dark period for him, one he doesn’t like to revisit.”

And so there is nothing on the farm to mark its legacy.

“No plaques, no stones, no sculptures,” said Farrelly. The bronze horse statue in driveway was put there by the current owner, not Leavitt.

It is sad. I’ve driven past this place from time to time for 30+ years. Horses always looked so peaceful out in the pastures. I think at one time, it may have subdivided into a couple of smaller farms (one possibly a small hunter/jumper operation, because there are a couple of abandoned jumps in one of the paddocks) and were rented out.

This truly could accomodate any form of equestrian operation from either form of racing - to H/J, Eventing, etc.

Jenny Craig’s significant So. California stables - and now one of her homes too, separately - is on the market for $29,950,000. Just 5-miles from the Del Mar Race Course the 228 acre training facility has its own 3/4 mi training track. It’s “the largest Thoroughbred Horse Farm in all of San Diego County.”

Video of the property here

(The property was first developed by former San Diego Chargers owner Gene Klein with input from trainer D. Wayne Lukas. It was known then as Rancho del Rayo. Klein died in 1990, for $27M it was bought by Jean-Laurent Andreani. He went bankrupt, the bank foreclosed and the facility was purchased by the Craigs in 1995 for $6 million. They renamed it Rancho Paseana after their two-time Eclipse Award-winning mare, Paseana.)

Her Rancho Santa Fe house, adjacent to it, @ just under $9M

The Craig Family Trust on Dec 26th at the re-newed dirt Santa Anita track took two fast wins: Sidney’s Candy won handily the Grade 2 Sir Beaufort Stakes. Then Twirling Candy won the Grade 1 Malibu Stakes. While he sliced a few fractions off Spectacular Bid’s record time for the same distance (7F) and in the same race (1980) let it be known Bid totted 126-lbs while Candy hauled a mere 118-lbs. Put 8 more lbs on Twirling Candy and he couldn’t touch Bid’s time.

[QUOTE=Glimmerglass;5223429]
Quietly being offered [advertised in The Wall Street Journal Nov 12, 2010] is the well known - the former Walter P. Chrysler estate of historical significance North Wales in Warrenton, Virginia purchased by Texan Michael V. Prentiss in 1996.

The entire estate (with some protective easements) is one of the largest estate in Fauquier County with a listed 1,466 acres. The huge 30,000sq ft+ stone mansion, stables, guest house, farm, et al is being offered for an undisclosed price via agent McLean Faulconer Inc.[/QUOTE]

And now it’s listed on their site at $22,950,000

North Wales - 7392 Ironwood Lane Warrenton, VA 20186

Property brochure (12-2010)

I asked hubby to buy them for me… he wants to know if they’ll take a check :lol:

Serious drool time…

I met Michael Dickinson, nice man. If he wants to downsize maybe he would consider Elk Creek Ranch and he could make it beautiful instead of just adding more stalls to that barn. Not a pretty barn in my opinion. http://www.loopnet.com/Listing/14236384/1304-Glen-Hope-Road-Oxford-PA/

I feel like I’m in the slums compared to some of these farms. The Elk Creek track looks pretty good I think, but I can’t compare it to the others.

[QUOTE=Susan P;5320591]
I met Michael Dickinson, nice man. If he wants to downsize maybe he would consider Elk Creek Ranch and he could make it beautiful instead of just adding more stalls to that barn. Not a pretty barn in my opinion.
I feel like I’m in the slums compared to some of these farms. The Elk Creek track looks pretty good I think, but I can’t compare it to the others.[/QUOTE]

Isn’t that where Michael Gill ran his operations out of? I’m sure the place is haunted from the dubious acts conducted there on many equines. I say burn it to the ground and bring in a priest for good measure to try and bless the earth again.

Give me North Wales and I’ll be delighted :slight_smile:

Someone mentioned the former Pete Bostwick estate in Otsego, Co. NY in what I can only say is a bizarre plan the listing agents have increased the price from $995k to now $1.6M. Good luck with that plan in 2011!