Have horse racing in your blood and the deep pockets to chase that passion? Here’s just the place for you— Adena Springs, the crown jewel of Kentucky horse farms. Austrian-born billionaire horse racing entrepreneur Frank Stronach masterminded the 2,250-acre horse farm and breeding complex located in Paris, Kentucky, about 20 miles outside of Lexington (the epicenter of the American Thoroughbred horse farm universe.) Whether or not you’re seriously looking at such an investment, the photos and video of this lovely racehorse farm offer a glimpse into an exciting, glamorous industry.
Real estate industry advisor Bernard Uechtritz, who led the 2016 record-breaking $725 million sale of W. T. Waggoner Ranch in Texas, has been tapped to represent the property, working with the support of Kentucky Bluegrass Sotheby’s International Realty office to field “boots on the ground” showings and equine expertise information.
Stronach is founder of the “The Stronach Group,” a horse-racing powerhouse, which has stables in Kentucky, Florida, and Ontario. The company’s portfolio includes a host of brands familiar to anyone in the horse-racing industry: Pimlico Race Course (home to the Preakness Stakes); Gulfstream Park (the site of the Pegasus World Cup International, the world’s richest Thoroughbred horse race,) and Santa Anita Park to name just three of a long list of properties. Stronach Stables have won 12 Eclipse Awards, the highest U.S. Thoroughbred horse racing honor, and produced more than 200 individual stakes winners, including numerous Breeders’ Cup, Preakness Stakes, and Belmont Stakes champions. The current owners purchased the bulk of the Adena Springs property in 2005, moving their entire breeding operation to Kentucky. Recently, Stronach has made the strategic decision to sell the Kentucky farm and breeding facility to redistribute assets and bloodstock operations to augment the California and Maryland racing markets. The result—this amazing facility set in Thoroughbred country is up for sale; an amazing opportunity for the next breeder to establish their place in the market.
The picturesque Adena Springs racehorse farm and breeding complex encompasses 2,246 acres, northeast of Lexington. The property is cleared and fenced with an estimated 100 miles of four-plank and diamond mesh fencing, 25 miles of asphalt and gravel roads, some lined with trees. Ponds and lakes are spaced throughout. There are six automatic iron gate entrances.
Office/Stallion Barn Breeding Shed
The centerpiece of the farm is the main office complex and stallion stables, surrounded by a large fountain/pool and parking lot and lush landscaping. A two and a half-story office at the front of the building includes a greeting area for visitors with an elaborate lobby and trophy case, offices and a conference room, a kitchenette, stallion viewing area, a sitting room, and a guest bedroom, all featuring high-quality finishes, crown moulding, and walnut wainscoting. A rooftop widow’s walk provides access to a 360-degree view of Adena Spring’s grounds. Attached to the office building is the stallion barn: 14 stalls, a large viewing area, a tack room, and ancillary rooms to facilitate breeding operations. (We’re talking the serious business of making horse babies that grow up to win races.)
Additional Equine Structures
The property includes seven broodmare barns, each with 28 stalls, surrounded by 100 acres divided into paddocks of varying size; ten run-in barns: a quarantine barn, two hay barns, an equipment building, and a stallion walker/exerciser building— all the spaces needed for a world-class breeding facility.
Employee Village and Outlying Units
Adena Springs boasts a unique amenity: a gated employee village for the workers that make an operation on this scale happen: two general manager/veterinarian 3,000-3,500-square foot, three-bedroom brick residences; six 1,500-1,800-square foot three-bedroom brick manager residences; 11 brick employee quads (plus three outlying units) ranging from 900-1,100 square feet, plus a swimming pool, a soccer field, and a basketball court.
Photos don’t do it justice. Here’s a video to give you a better feel:
The Listing Price
It’s a pretty penny — $75 million. This is “the sport of kings” after all. Uechtritz comments on the property’s special appeal. “The fact is whoever is fortunate enough to be the next owner of this incredible horse farm will be in effect receiving a privileged baton and legacy of success while making a bold statement of ownership, interest, care and professional commitment to one of the oldest and most exciting sports,” he said. “This is a farm well suited to the most private international clients who wish to own a highly competitive full-service breeding complex, whilst retaining privacy and exclusivity of day to day operations outside of the traditional cluster of other farms and inquiring eyes closer to Keeneland.”
If that’s you, inquire at Icon Global Real Estate.