Part of once-massive 280-acre equestrian farm owned by the Vanderbilts goes for sale for $5.83m

A historic Rhode Island farm once owned by the prominent Vanderbilt family is up for grabs for $5.83 million. The Sandy Point Farm located in Portsmouth was a small portion of the family's 280-acre estate built over 40 years until its completion in 1902.

A historic Rhode Island farm once owned by the prominent Vanderbilt family is up for grabs for $5.83 million.

The Sandy Point Farm located in Portsmouth was a small portion of the family's 280-acre estate built over 40 years until its completion in 1902.

The waterfront stable was owned by millionaire Cornelius Vanderbilt's son, Reginald Claypoole Vanderbilt, and quickly became the 'most prestigious horse farms in America,' the listing reads.

Now, the 6-acre and 24-stable property with a massive 15,000-square-foot riding arena and grooming area can be re-imagined for riders throughout the state.

The Vanderbilt's money used to purchase land across the East Coast stemmed from Cornelius' vast shipping and railroad empire that launched his family and multiple generations into stratospheric wealth.

A historic Rhode Island farm once owned by the prominent Vanderbilt family is up for grabs for $5.83 million

A historic Rhode Island farm once owned by the prominent Vanderbilt family is up for grabs for $5.83 million

The waterfront stable was owned by millionaire Cornelius Vanderbilt's son, Reginald Claypoole Vanderbilt, and quickly became the 'most prestigious horse farms in America.' Pictured: Cornelius Vanderbilt

The waterfront stable was owned by millionaire Cornelius Vanderbilt's son, Reginald Claypoole Vanderbilt, and quickly became the 'most prestigious horse farms in America.' Pictured: Cornelius Vanderbilt  

Reginald's stable features unique styles, including cypress beams in the indoor riding arena. 

He was actively involved in horse shows and recruited architect A.S. Walker to design the stables to house his horses.

The property is being sold with three different lots and 'a lot of potential,' realtor Kylie McCollough wrote in the listing. 

McCollough added: 'I could see [the farm] turning into a therapeutic riding center like The Shea Center in California. It could also be a great equestrian center like a mini-Hamptons, or it could be an extension of our counterparts in Wellington, FL.'

Reginald was the grandfather of CNN personality Anderson Cooper and the father of Gloria Vanderbilt. 

The family's wealth was splurged by Reginald, who left Gloria no choice but to auction off his Sandy Point Farm and horses when he died in 1925. 

The Sandy Point Farm located in Portsmouth was a small portion of the family's 280-acre estate built over 40 years until its completion in 1902

The Sandy Point Farm located in Portsmouth was a small portion of the family's 280-acre estate built over 40 years until its completion in 1902

The 6-acre and 24-stable property with a massive 15,000-square-foot riding arena and grooming area can be re-imagined for riders throughout the state

The 6-acre and 24-stable property with a massive 15,000-square-foot riding arena and grooming area can be re-imagined for riders throughout the state

Reginald's stable features unique styles, including cypress beams in the indoor riding arena

Reginald's stable features unique styles, including cypress beams in the indoor riding arena

He was actively involved in horse shows and recruited architect A.S. Walker to design the stables to house his horses

He was actively involved in horse shows and recruited architect A.S. Walker to design the stables to house his horses

The property is being sold with three different lots and 'a lot of potential,' realtor Kylie McCollough wrote in the listing

The property is being sold with three different lots and 'a lot of potential,' realtor Kylie McCollough wrote in the listing

A white gate surrounds the extensive 280-acre water front property in Rhode Island

A white gate surrounds the extensive 280-acre water front property in Rhode Island

Over the years, the property has been used. Several ribbons and golden age photos were seen hanging on the wall of one room

 Over the years, the property has been used. Several ribbons and golden age photos were seen hanging on the wall of one room

The family's wealth was splurged by Reginald, who left his daughter no choice but to auction off his Sandy Point Farm and horses when he died in 1925

The family's wealth was splurged by Reginald, who left his daughter no choice but to auction off his Sandy Point Farm and horses when he died in 1925

The Rhode Island farm was once one of many owned by the Vanderbilt family before they were forced to give it up

The Rhode Island farm was once one of many owned by the Vanderbilt family before they were forced to give it up

Cooper, who wrote a book about his family's legacy, Vanderbilt: The Rise and Fall of American Dynasty, described his great grandfather Cornelius' 'pathological obsession for money' and generations of wealth.

By the time he died in 1877, Cornelius had amassed a $100 million fortune - roughly $2.6 billion in today's money - and more than the entire US Treasury at the time. 

The fortune was passed down to a few generations - but shortly after, the money was all but gone, depleted by heirs who only knew how to 'live well, marry well' and spend lavishly. 

Cornelius' son William Vanderbilt inherited his father's fortunes. He landed himself and his children on New York's social map during the gilded age. But their legacy quickly faded.

The Vanderbilt family had multiple homes in New York and beyond and one of them sat at the corner of Fifth Avenue and 52nd Street. 

The space was demolished in 1926 and is now home to an office building and retail space, such as Zara, and across the street from the Museum of Modern Art (MoMA). 

On the corner of 57th Street and Fifth Avenue once stood one of the grandest Vanderbilt homes. It sits in the middle of Millionaire's Row on Fifth Avenue - not to be confused with today's Billionaire's Row on 57th Street. 

The stunning mansion was built in 1883 and was the largest single-family home in New York City. Today, the location is home to the famous Bergdorf Goodman department store. 

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