![]() They spend about half the year in Santa Barbara, Calif., and another several months during the racing season in Saratoga, N.Y. The Schwartzes said they are selling the property because they are not spending enough time there. The pair sold the company to shirt maker Phillips-Van Heusen in 2003 in a deal valued at about $730 million. They founded the company in 1968 with an initial stake of $10,000 and grew it into a massive label. Schwartz, 77, was childhood friends with Mr. The property also includes eight staff residences, a guesthouse and a caretaker’s residence.įrom Penta: The Coronavirus Effect Spreads Across the Auto World A 4,000-square-foot outbuilding has a 60-foot-long swimming pool and spa, a gym and a sauna. There are more Japanese-style gardens and a butterfly garden that was built as a surprise for Mr. Outside, the gardens include lavender and boxwood hedges and a pergola walkway. ![]() Schwartz’s regular trips to Asia during his time at Calvin Klein. The master suite has its own Japanese-inspired Zen garden with a water feature, inspired by Mr. There is a sunroom with french doors that open up to a bluestone terrace, a two-story library with saddle-leather floor tiles, and a 2,200-bottle wine cellar with a tasting room and game room. Known as Stonewall Farm, the property has bred or raced about 65 stake winners and several horses have gone on to compete in the Kentucky Derby. ![]() Trophy pieces include a Qi dynasty Buddha, an old English mantel and a two-tier chandelier in the sitting room, according to the listing. The interior of the roughly 24,000-square-foot, eight-bedroom home was designed by British decorator Kelly Hoppen and combines a neutral palette with antiques. "I felt that it would bless the house, and it has," Ms. The slate roof was repurposed from the Yale Divinity School. The four-story home has a white clapboard facade and columned balustrade. The main house, a Colonial plantation-style manor, took four years to build and was completed in 2003. They added an additional parcel of land shortly after. "The seller asked $3.5 million, I offered $3 million and we settled on $3.25 million." "It was the easiest negotiation of my life," Mr. They bought the largest swath of Stonewall, a 673-acre parcel, for $3.25 million in 1979, shortly after deciding to get into the racing business. Schwartz met on a blind date watching trotters at Roosevelt Raceway in Westbury, N.Y., in 1967. Schwartz said he began attending races at nearby Belmont Park at age 15. More: WeWork Co-Founder Adam Neumann Sells Hamptons GetawayĪ grocer’s son from the Bronx, Mr. Schwartz’s friend, media magnate Barry Diller. One horse that competed in Kentucky was jokingly named "Degenerate Jon" after the couple’s son, while another was named "Killer Diller" after Mr. The couple has bred or raced about 65 stake winners and several horses on the farm that have gone on to compete in the Kentucky Derby, Mr. Its elaborate equestrian facilities include a turf racetrack, riding trails, a 40-stall barn and two 24-stall barns, numerous fenced-off paddocks and pastures with run-in sheds. Known as Stonewall Farm, the property is in a small hamlet called Granite Springs. Spanning roughly 740 acres, the estate is among the largest privately owned properties in the county, according to listing agency Christie’s International Real Estate. Schwartz, the co-founder of Calvin Klein Inc., and his wife Sheryl Schwartz are listing their sprawling equestrian estate in New York’s Westchester County for $100 million.
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