Under Armour (NYSE: UAA) CEO Kevin Plank has listed Sagamore Farm, his 400-acre Maryland equestrian estate for $22 million.
The Wall Street Journal reports the property, located about 20 miles northwest of Baltimore, was established around 1925 and was once owned by the Vanderbilt family. Plank acquired the property around 2007 for an undisclosed sum and spent more than $22 million on renovations and land maintenance. He has been trying to sell the property as an off-market transaction since last year.
The estate includes a 16,000-square-foot, six-bedroom main residence built in 1995, along with horse training and breeding facilities. However, Plank did not use the property as his home but utilized the residence as a guesthouse and a retreat for his employees.
Plank acquired the property to raise thoroughbred racing horses – the grounds include an outdoor training track, an indoor track, three barns that can accommodate over 200 horses, a staff house and a bunk house for jockeys. Plank once had about 100 horses on the property, but he withdrew from horse racing in 2021 due to other commitments, explaining, “That’s a business you don’t want to be in unless you’re in it all the time.”
Photo courtesy of Compass
