Jenny Craig Sells Horse Ranch to Bill Gates

BUYER: Bill and Melinda Gates
SELLER: Jenny Craig
LOCATION: Rancho Santa Fe, CA
PRICE: $18,000,000
SIZE: 228 acres

YOUR MAMA’S NOTES: The celebrity real estate snitches at The Wall Street Journal were the first to tattle that octogenarian diet queen Jenny Craig shed Rancho Paseana Farm, her 228-acre horse ranch in ritzy Rancho Santa Fe — about 20 miles north of San Diego, for $18 million to Bill and Melinda Gates who, apparently, have long enjoyed spending time in the San Diego area.

Miz Craig first hoisted the fully equipped equestrian oriented spread several years ago with an asking price of $29.95 million. The price eventually dropped to $24.995 million before it was taken off the open market. So the story goes, Miz Craig received numerous offers from buyers who wished to developed the prime and completely flat property but held out for someone who would maintain the property as a horse breeding, training and/or boarding facility. The property includes numerous barns stable blocks, an office and veterinarian suite, a guesthouse, a three-quarter mile racetrack, a small olive orchard and a seasonal stream.

In late 2010 Miz Craig put her 3.37-acre estate in Rancho Santa Fe up for sale with a nearly $9 million price tag and eventually sold it for $6.1 to — as it turns out — her daughter and son-and-law. In late July of this year (2014), the weight loss tycooness’s big and boxy beach front mansion in Del Mar popped up for sale with an asking price of $39.5 million and, as of this morning, the 8,000-ish-square foot beach house remains listed on the open market at the same price.

Listing photos: Barry Estates

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  1. Desert Donna says:

    Any word on her Del Mar Dump? I so miss your old site Mama.

  2. Jamiekins says:

    I use to drive by this ranch everyday on my way to work. It really is beautiful and it is all flat land that has been very well taken care of. It’s a great facility. Almost like the bottom of a bowl in the center of a huge area in Rancho Santa Fe. Some of Rancho Santa Fe is not very attractive because of the covenant rules and regulations they force on people. Like you can’t have a lightened tennis court and they have to approve even a hot tub that you put in your garden. You have to plant trees around your tennis court so it can’t be seen. And it actually says in the convenant that they don’t like homes that say “look at me” So they prefer that you surround your property with trees so it’s hidden. And I think that is a fire hazard in this climate. You can’t even change your landscaping if it changes the way the property looks from the roads without permission. So they are really control freaks.

  3. J.E. Vizzusi says:

    Can anybody actually even consider the thought of this dude waking up at 4am to capture a stray because of a wild moutain lion? Or to feed and barn a wild mustang? I mean like, is this a real horse ranch or a facade for the extreme rich to say; I own a stable of horses! Plus the fact under a 1000 acres should be in the range of about 5 million tops. Hopefully the horses will not be headed to the ol’ glue factory. Best of luck Bill.

  4. Emu Cat says:

    Oh, I wish he would make this a horse rescue. He could do so much to help horses, and there is such an need.

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