Padua Stables in Summerfield, Fla., previously owned by Satish Sanan, has been sold in a deal handled by Ocala-based real estate broker Joan Pletcher, Thoroughbred Daily News reports.
The 768-acre property was purchased by an operation billed as Cowboys Group, with plans to parcel off the land and put it back on the market with Pletcher handling the listing. The listed price for the Padua Stables property was $17.9 million.
“Most buyers felt the property was larger than they where interested in and by parceling off the training facility with the 3/4-mile track, 116 stalls, and some housing it will be more attractive to buyers,” Pletcher told the TDN. “The land, lakes, Live Oak trees are so incredible that you are only limited to your imagination as to what you might want to create with some of the parcels that will be available.”
The property was purchased by the Sanan family in 1997 and used as an early training facility for the Padua Stables runners.
In 2013, the Sanan family sold the central Kentucky branch of Padua Stables to the Borges Torrealba family of Brazil. The 275-acre property, adjacent to Three Chimneys Farm, changed hands for $9 million.
Read more at Thoroughbred Daily News.
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