SOURCE: J. P. King Auction Company

J. P. King Auction Company

May 18, 2012 18:52 ET

J. P. King Auction Company Offers Property Tours for World-Class Padua Stables Beginning Today

OCALA, FL--(Marketwire - May 18, 2012) - The world-class Equestrian facility Padua Stables will be available for purchase through a real estate auction on May 31. The property, a 763-acre Equestrian estate, has been meticulously maintained and includes all the amenities an owner or breeder would need for training race horses.

After a three-day VIP event that showcased Padua Stables to the biggest names in the equine industry, the 763-acre facility -- which includes a large estate -- is now available for viewing for other interested buyers.

"It's been great to see the number of interested individuals coming in and out of Padua the past few weeks," said Joan Pletcher, who has partnered with J. P. King to sell Padua Stables. "Everyone in the industry recognizes what a fantastic property this is and have been so impressed with the impeccable condition it's in. We're anticipating a great turnout for the auction."

Satish Sanan, a prominent owner and breeder of thoroughbred race horses and current owner of Padua Stables, moved his operation to Lexington in 2007, as Padua had transitioned into a breed-to-race facility. "We put our heart and soul and a lot of capital into Padua, but being in Lexington is the best thing for our business to do," he said.

About the Property: Padua Stables is situated over 763 acres and is one of the world's most impressive equestrian facilities. With access granted through one of four decorative, gated entries, the property features an 8,000 square foot main residence, with a large, open floor plan designed for entertaining and a pool and patio overlooking the largest lake on the property. The eight-bedroom, 5.5-bath estate is only one of the prize improvements on the property.

The equestrian facilities include 11 premier barns with 202 stalls and a dirt track and turf track, each designed by Dennis Moore. There are numerous covered hot walkers and round pens, a stallion breeding complex, training facility and a broodmare/foaling operation.

The main executive office occupies 5,200 square feet, including everything from a conference room, lounge and private offices to a wet bar, full-service kitchen, fireplace and view of Lake Lotus. Also offering exceptional private housing for guests, managers and staff, Padua Stables totals 13 residences along with a 7,000 square foot dormitory with 22 rooms. Underground utilities, three maintenance buildings and three greenhouses used solely for maintaining the property's elaborate landscaping, makes it the definition of a turn-key operation.

The auction of Padua Stables will take place onsite on May 31 at 11:00 a.m., in the Stallion Barn, and private property tours are now available through auction day. For more information or to reserve a personal tour, contact J. P. King at 800.558.5464, by email at auctioninfo@jpking.com or by visiting the company's website at www.jpking.com.

About J. P. King: J. P. King Auction Company specializes in high-value properties and portfolios such as luxury homes, developments, condominiums and land and ranches. The company has marketed properties in all 50 states and six countries with recent sales in Colorado, Wyoming, Georgia, Florida and Washington.

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