There is an equestrian farm on the market in Connecticut for those inspired to own horses after the Kentucky Derby.
RedGate Farms at 7 Equestrian Ridge in Newtown hits the market for $15M, CT Insider Report. This listing is one of the most expensive in the state, excluding Lower Fairfield County.
Although the house is at 7 Equestrian Ridge, much of the farm runs along Poverty Hollow Road east of the state park. The farm includes paddocks, ponds, barn with 60 stalls, treadmills and an indoor riding arena. The property sits on 54 acres, but the main house is only 9,000 square feet.
Bruce and Kimberly Travis invested millions of dollars in their existing riding farm over 20 years ago. Bruce served as President of Duracell’s North American operations and founded White Rain, which changed hands several times before being sold to International Wholesale two years ago.
RedGate is a famous training ground for equestrian athletes. Trainers include Leslie Howard, a member of the U.S. equestrian team that won gold at the 1984 Summer Olympics in Los Angeles.
Krissy Blake of Sotheby’s International Realty owns list.
Racecourses seem to have a chance, at least for a certain group of buyers interested in this type of property. Just last month, Double H Farm in Ridgefield, Connecticut, sold for $24 million, the state’s highest price of the year. Another equestrian farm in the state, the 230-acre Warren’s Lost Acre Farm, is on the market for $16 million.
Neither asking price comes close to the most expensive in the area.That distinction belongs to the 215-acre Sunnyfield Farm in Bedford, New York, originally listed as $65 millionSince then, the asking price has nearly halved, to $39 million.
— holden warner
