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Location: Santa Ynez, Calif.
The Skinny: Stampeding onto the market with a $45M asking price is the SoCal equestrian estate Rancho Latigo, a 4,600-acre compound fitted out with all the accoutrements necessary to "celebrate the unique relationship between man and horse", including a 10,000-square-foot "equine residence"; i.e., barn. And what a barn! With 11 stalls, each horse gets around 900 square feet to relax in between rides—about the same as the average U.S. apartment dweller, who probably does not have a groom on call to provide daily brushings. The owner—a "successful executive" who Architectural Digest takes great pains to assure us is a positively Putin-esque man's man ("Let other men his age swat around golf or tennis balls—the owner of Rancho Latigo is happiest in spurs, boots and chaps")—worked with Seattle architect David L. Leavengood to bring his childhood dream of being a cowboy to life. Mission accomplished, sans cows and pretty much everything else but horses. The main house (there are three in total, not counting the "equine residence") is a 12,000-square-foot manse that the listing claims is uniquely inspired by Alta California adobe homes and country estates of the1920s and '30s but which, apart from its bloated size, looks like any Spanish Colonial Revival home in any gated California suburb. There are six en suite bedrooms inside, which are presumably roomier than the horse stalls.