Kevin Plank's Sagamore Farm Slashed to $16.5M as Unsellable Thoroughbred Estate Lingers

Kevin Plank's prized Sagamore Farm, a 404-acre thoroughbred racing estate in Maryland, has seen its asking price slashed again, signaling a persistent struggle to offload the historic property. The latest data shows a 15% price cut, bringing the listing down to approximately $16.5 million. This marks another significant reduction for the former Vanderbilt family estate, which has languished on the market for years despite Plank's broader effort to wind down his sprawling real estate portfolio.

The farm, once considered a crown jewel alongside the Baltimore Peninsula, is being sold through Monument Sotheby's International Realty. Listing data from MLS Bright indicates Plank likely directed his agent, Christina Giffin, to pursue the latest price adjustment. This move follows a series of previous deep cuts, underscoring the property's challenging market position even as Plank successfully sells other high-end residential and commercial assets, including a luxury Baltimore hotel.

The repeated price reductions at Sagamore Farm highlight a specific softness in the market for ultra-luxury, operationally intensive equestrian estates. The property's inability to sell contrasts with Plank's otherwise active divestment strategy, raising questions about the valuation and appeal of such niche assets. The ongoing price pressure suggests that finding a buyer willing to meet even the lowered price for this scale of thoroughbred operation remains a significant hurdle.