Rancho Santa Fe
Yes (see pics)
ASKING PRICE: $24,995,000
SOLD PRICE: $18,000,000
The Gates Family plan to turn the 229-acre compound, known as Rancho Paseana, into a competitive hunting-jumping facility for their daughter who is competitive in jumping horses.
Per Family Spokesperson: “The family has enjoyed visiting the San Diego area with friends and family for many years and has purchased the Rancho Paseana property in Rancho Santa Fe, California,” and the Gates own a home in the nearby Del Mar Country Club."
The ranch includes a 3/4-mile racetrack, as well as four 30-stall barns and a fifth barn with 21 stalls, a veterinarian’s area, and an olive orchard, says listing agent, Jason Barry of Barry Estates. The Wall Street Journal first reported the news. Catherine Barry, also of Barry Estates, also represented Craig.
Per Forbes Magazine: "Jenny Craig closed the ranches operation last year. Previously, it had been used as a training facility for thoroughbred horses. The ranch had been on and off the market for years, first listed in 2010 for nearly $30 million, then reduced to close to $25 million before it was taken off the Multiple Listings Service in the fall of 2012. The property was not actually listed, but being quietly shopped off-market, when it sold."
Agent Jason Barry said: “It was a unique farm because they set it up for racing, with 30-acre pastures. It really gave the thoroughbreds a chance to stretch their legs and really go.” Barry noted that Craig had received a lot of interest in the property from developers, but wanted to wait for a buyer who would preserve the ranch’s use for horses. He added that Craig decided to sell the facility after her husband and business partner Sid Craig passed away. “It was really the passion they enjoyed together. She enjoyed the passion, but was ready to move on with other aspects of her life.”
Stables: Help quarters are situated at the end of each of the barns, consisting of 32 sleeping quarters and dormitory-style bathrooms and kitchenettes. This photo, of course, shows the horse stalls.
Ranch Offices: The ranch has two offices, (lower 2 pictures) one of which is used for managing the horse training and previous racing facilities. That office has a receptionist center, private offices, oversized conference room, bathroom facilities, wet bar, and views of the farm. The living room picture above the offices is of the Guest Home.
Photos: By Preview First and Darren Edwards
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