For sale: the polo world’s most famous address
August 26th, 2010 by Nigel Lewis
On paper it looks like just another 114-acre farm for sale in a New York rural backwater, but to anyone who follows polo it is where the sport’s most famous annual events takes place.
The Mercedes Benz Polo Challenge, hosted by the Bridgehampton Polo Club at Two Trees Farm, is a must-attend event on New York’s social calendar with Ralph Lauren, Brooke Shields, Chloe Sevigny, Christine Brinkley and Steven Spielberg all regular attendees. This year the event took place on 24th July and both Amber Rose and Kourtney Kardashian boosted the celebrity count.
But all this is now up for sale and for a lot less than two years ago when the property was first reported for sale. Back in 2008 Two Trees Farm was put on the market by owner and Brooklyn-based developer David Walentas for $95 million but the property is today for sale at $75 million.
Although this sounds like a lot for a polo farm despite the price reduction, Two Trees Farm offers both an idyllic and sought-after location and a lot of property.
It’s near Bridgehampton in the middle of Long Island’s most expensive patch of land, the seaside resort area of The Hamptons – a group of 24 villages and hamlets around the towns of Southampton and East Hampton. The area is where America’s rich and famous like to own homes and current locals include Renée Zellweger and Nathan Lane.
Anyone considering buying Two Trees Farm, which was bought in 1993 by Mr Walentas for $2 million, has to be into horses. As well as two houses, an eight-unit apartment building (for grooms), pool and tennis court there are three barns, two indoor riding arenas and two polo fields.
The property is currently being sold via the New York office of Sotheby’s Realty International.
buying abroad, international property development, luxury, United States
October 9th, 2010 at 6:57 pm
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November 3rd, 2010 at 1:23 am
Nearly 25% off the previous market price – $75 million, what a bargain!
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