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

More Dirt

  • Brady Bunch House

    The World-Famous 'Brady Bunch' House in L.A.'s Studio City Now for Sale

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

  • Tom Petty's Former Encino Home for

    Tom Petty’s Former Encino Mansion Comes Up for Sale

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

  • Patrick Schwarzenegger Santa Monica Teardown Mansion

    Patrick Schwarzenegger Picks Up Santa Monica Teardown (EXCLUSIVE)

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

  • Kristin Cavallari Selling Nashville Mansion

    Kristin Cavallari, Jay Cutler Ready to Sell Off Nashville Mansion

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

  • Jeremy Piven House

    Jeremy Piven Re-Lists Malibu Beach House at Reduced Price (EXCLUSIVE)

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

  • Sandra Bullock House

    Sandra Bullock Seeks Sale of California Contemporary Above L.A.'s Sunset Strip

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

  • Jim Parsons House

    Jim Parsons Lists Swank Celeb-Pedigreed Pad in L.A.’s Los Feliz (EXCLUSIVE)

    BUYER: Bill and Melinda GatesSELLER: Jenny CraigLOCATION: Rancho Santa Fe, CAPRICE: $18,000,000SIZE: 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 […]

More From Our Brands

Access exclusive content