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Luxury equestrian estate sells in California

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The California equestrian estate owned by the late media mogul and talkshow host Merv Griffin has been sold for $US7 million.

Kinetic Properties announced the sale of the 40-acre estate in La Quinta.

la-quinta-2The Moroccan-style private compound includes interiors by famed designer Waldo Fernandez, a 2.5-acre lake and equestrian facilities with a private racetrack.

Griffin built the estate in 1986 and used it as a second residence until his death in August 2007.

The main residence is 5000 square feet and has two bedrooms. There are four free-standing guest casitas and two guesthouses for a total of 14 bedrooms and 12 bathrooms on the gated and walled estate.

“The Merv Griffin Estate is a very unique property, given its history, layout, and the fact that it has always been owned by Merv Griffin himself or his trust,” Kinetic Properties founding partner Greg Middleton said.

la-quinta-1The new owner plans to make the estate available for luxury vacation rentals, conferences and events.

Griffin bred and raised thoroughbred racehorses in La Quinta.

The equestrian facilities included staff quarters and 16 stalls.

The estate was built in 1986 and was placed on the market in 2010, initially at $US14.5 million.

The estate was nearly completed in 1987 when an electrical fault resulted in it being destroyed. The entire estate was rebuilt in 18 months, according to reports.

 

The estate can be booked through http://www.savoprivatehotels.com or http://www.beaumondevillas.com.

 

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