A luxury equestrian estate near Austin, known as the Victory Cheval Estate, has found a buyer after several months on the market. The property, located at 13628 Gregg Manor Road, was initially listed for $25 million before its price was reduced to $22.9 million in March.
The 88-acre estate features a working livery operation and a 12,000-square-foot horse barn with 24 stalls. It also includes a seven-bedroom, four-bathroom home that can accommodate up to 25 guests and is available for short-term rental at rates between $450 and $500 per night. The estate serves as the home field for the ATX Polo Club.
Taylor Homuth of Spyglass Realty handled the listing. According to Homuth, “As you can see, this property has so much potential. Whether you want to build condos or apartments, or you even want to bring in a winery or build a golf course, this property has endless opportunities.” Despite these possibilities, Homuth stated that the buyer intends to maintain both the residence and its equestrian operations.
Victory Cheval LLC owns the estate and is registered to Wally Tingley, a local real estate lawyer. Garrett Jennings of Castle Crown Properties manages the LLC and oversees operations at the estate. Details about the buyer have not yet been made public.
The property spent six months as a pocket listing before being added to the Multiple Listing Service in January as Texas’ most expensive new listing at that time, according to data from the Houston Association of Realtors. In September, it entered into a contingent contract phase; however, final sale details are still pending.
The land does not have deed restrictions or zoning limitations and lies outside any extraterritorial jurisdiction. This status allows for various commercial uses if desired by future owners.
Austin’s luxury housing market includes many homes used as short-term rentals. Investor ownership accounts for roughly one-third of area homes. In August, another notable sale included a 15-bedroom compound designed for large groups.
