A historic Rhode Island farm once owned by the prominent Vanderbilt family is up for grabs for $5.83 million.
Sandy Point Farm, located in Portsmouth, was a small part of the family’s 280-acre estate, built over 40 years until its completion in 1902.
The waterfront stable was owned by millionaire Cornelius Vanderbilt’s son, Reginald Claypoole Vanderbilt, and quickly became “America’s most prestigious horse farm,” the listing says.
Now the 6-acre, 24-stable property with a massive 15,000-square-foot riding arena and grooming area can be reimagined for cyclists from across the state.
The Vanderbilt money used to buy land on the East Coast came from Cornelius’s vast railroad and shipping empire that launched his family and several generations into stratospheric wealth.
A historic Rhode Island farm once owned by the prominent Vanderbilt family is up for grabs for $5.83 million
The waterfront stable was owned by millionaire Cornelius Vanderbilt’s son, Reginald Claypoole Vanderbilt, and quickly became “the most prestigious horse farm in America.” In the photo: Cornelius Vanderbilt
Reginald’s stable features unique styling, including cypress beams in the covered riding arena.
He was active in horse shows and hired architect AS Walker to design the stables to house his horses.
The property is being sold with three different lots and “so much potential,” realtor Kylie McCollough wrote in the listing.
McCollough added: “I could see [the farm] becoming a therapeutic horse riding center like The Shea Center in California. It could also be a large equestrian center like a mini-Hamptons, or it could be an extension of our counterparts in Wellington, Florida’.
Reginald was the grandfather of CNN personality Anderson Cooper and the father of Gloria Vanderbilt.
The family wealth was squandered by Reginald, who left Gloria no choice but to auction off his Sandy Point farm and horses when he died in 1925.
Sandy Point Farm located in Portsmouth was a small part of the family’s 280-acre estate built over 40 years until its completion in 1902.
The 6-acre, 24-stable property with a massive 15,000-square-foot riding arena and grooming area can be reimagined for cyclists from across the state.
Reginald’s barn features unique styling, including cypress beams in the covered riding arena
He was active in horse shows and hired architect AS Walker to design the stables to house his horses.
The property is being sold with three different lots and “so much potential,” realtor Kylie McCollough wrote in the listing.
A white gate surrounds the sprawling 280-acre waterfront property in Rhode Island
Over the years the property has been used. Several tapes and photos from the golden age were seen hanging on the wall of a room.
The family wealth was squandered by Reginald, who left his daughter no choice but to auction off his Sandy Point farm and horses when he died in 1925.
The Rhode Island farm was once one of many owned by the Vanderbilt family before they were forced to give it up.
Cooper, who wrote a book about his family’s legacy, Vanderbilt: The Rise and Fall of the American Dynastyhe described his great-grandfather Cornelius’ “pathological obsession with money” and generations of wealth.
When he died in 1877, Cornelius had amassed a fortune of $100 million, roughly $2.6 billion in today’s money, and more than the entire United States Treasury at the time.
The fortune was passed down to a few generations, but soon after, the money nearly ran out, depleted by heirs who only knew how to ‘live well, marry well’ and spend lavishly.
Cornelius’s son, William Vanderbilt, inherited his father’s fortune. It landed him and his children on the social map of New York during the golden age. But the legacy of him quickly faded.
The Vanderbilt family had several houses in New York and beyond, and one of them was at the corner of Fifth Avenue and 52nd Street.
The space was demolished in 1926 and now houses an office building and retail space, including Zara, and across the street from the Museum of Modern Art (MoMA).
At the corner of 57th Street and Fifth Avenue, once stood one of Vanderbilt’s grandest houses. It is located in the middle of Millionaire’s Row on Fifth Avenue, not to be confused with the current Billionaire’s Row on 57th Street.
The impressive mansion was built in 1883 and was the largest single-family home in New York City. Today, the place is home to the famous Bergdorf Goodman department store.