A luxury equestrian estate near Austin, known as Victory Cheval Estate, has found a buyer after several months on the market and a price reduction. The property, located at 13628 Gregg Manor Road, was originally listed for $25 million but saw its asking price reduced to $22.9 million in March. It spans 88 acres and features an equestrian facility, a 12,000-square-foot horse barn with 24 stalls, and a seven-bedroom home that serves as both a residence and a short-term rental.
The estate had been marketed privately for six months before being listed publicly in January. According to the Houston Association of Realtors, it was the most expensive new listing in Texas at that time. The home can accommodate up to 25 guests and rents for $450 to $500 per night. It also serves as the base for the ATX Polo Club.
Victory Cheval LLC owns the property. The company is registered to Wally Tingley, a local real estate lawyer. Garrett Jennings of Castle Crown Properties manages the estate. Details about the buyer have not yet appeared in public records.
Taylor Homuth of Spyglass Realty handled the listing and said that “as you can see, this property has so much potential. Whether you want to build condos or apartments, or you even want to bring in a winery or build a golf course, this property has endless opportunities.” However, Homuth added that the buyer intends to keep both the home and equestrian operations intact.
The land is not subject to deed restrictions or zoning regulations, offering flexibility for future use.
Luxury homes that double as short-term rentals are common in Austin’s market, where investor ownership is high compared with other cities in Texas.
