The Real Deal Miami

Circle S Farm in Southwest Ranches back on the market: $14M

The property was originally listed for $35 million in 2013

March 07, 2016 02:15PM
By Katherine Kallergis

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Circle S equestrian estate in Southwest Ranches

Circle S equestrian estate in Southwest Ranches

A 48-acre estate once home to Kentucky Derby winner Spendabuck will hit the market soon for $14 million, about $6 million less than its auction price last summer.

Aerial view (click to enlarge)

Aerial view (click to enlarge)

Circle S Farm, a premier equestrian training and breeding farm in the town of Southwest Ranches, was once listed for sale for a whopping $35 million in 2013 with Coldwell Banker Residential Real Estate. It then hit the auction block starting at $19.7 million in June, and now listing agents David Meisner and Barak Amram of Keller Williams and Prestige Waterfront Realty will put it on the market this week for $14 million.

The property includes two single-family homes, staff quarters and two studio apartments, three barns, 89 stalls, a four-furlong racetrack, an equestrian pool, a surgery room, round pens and two padded recovery stalls. The farm, at 15990 Griffin Road, was built in 1970 and features nine bedrooms and six bathrooms, Broward County property records show. It’s located off of I-75 near Weston, and is surrounded by developed land.

“We are currently marketing to buyers in the equestrian community given the current use of the property, as well as land developers given the property’s prime location,” Meisner told The Real Deal. He said it is one of the last contiguous parcels of land in the area. Now, he said it is more aggressively priced.

The owners, Ralph and Betty Sessa, acquired the parcels in the 1970s. Last year, former listing agent Giselle Bonetti said the owners’ children are selling the farm, which is fully staffed during high season. Meisner said the facility is at full capacity for about five to six months out of the year, with jockeys from Gulfstream Village and surrounding tracks.

In South Florida, the equestrian community calls Wellington, Davie, Homestead and Kendall its home, in addition to Southwest Ranches.

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