As Seen in the Wall Street Journal

Santa Barbara Equestrian Estate Asks $26.5 Million

The property of more than 18 acres is owned by investor Robert Fell and includes an 8,000-square-foot mansion and a 10,000-square-foot horse barn.

An equestrian estate about 7 miles south of Santa Barbara, Calif., is listing for $26.5 million. The property, more than 18 acres, is owned by Robert Fell, an entrepreneur and venture investor who was an avid polo player.

The estate, completed in 2001, includes an 8,000-square-foot, five-bedroom mansion inspired by French and Italian architecture, Mr. Fell said. There is also a guesthouse atop a separate two-car garage, plus an 800-square-foot pool house with a gym and one bedroom apartment. The property features views of the Pacific Ocean, and sits about a 5-minute walk or horse ride down to the beach, said Mr. Fell.

Mr. Fell, who at one point had 48 horses on the property, also built a 10,000-square-foot, 18-stall barn with an apartment. “It would be fabulous for a car collection or an art collection,” said Joyce Rey of Coldwell Banker Global Luxury, who is co-listing the property with Emily Kellenberger of Village Properties/Christie’s International Real Estate.

Mr. Fell, 74, in 2006 co-founded Pricelock, a firm that enables small and medium-sized companies to hedge fuel prices. He played polo for 31 years and sponsored a team called Aloha, which won the U.S. Open in 1987. He later changed the team’s name to Tuscany Oaks, after the property, which he calls Tuscany Oaks Farms.

He is selling because “the kids will be going off to school soon and I don’t play polo anymore,” he said. He and his wife plan to build another home nearby, he said.

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