115 W State Road 38 - Land and Equestrian Business in Indiana

Online Auction
Phoenix Stables – Premier Equestrian Estate in Pendleton, Indiana
Bid Now Thru Wednesday, October 9 • 3 PM
Property Tours: Sept 28 • 10 AM
Luxury Living, Prime Horse Property, and Versatile Event Opportunities
This 27.31± acres of prime equestrian land in Pendleton, Indiana, offers the perfect blend of luxury and equestrian amenities. Phoenix Stables, Italianate-style main residence main residence was built in 1879 and has been meticulously maintained and updated since then. The property also includes multiple guest homes, state-of-the-art stables, arenas, and extensive pastures, all designed to provide an unparalleled equestrian lifestyle. This is a unique opportunity; whether you're a professional equestrian, an avid horse lover, someone seeking a serene and luxurious countryside retreat, or an entrepreneur looking for a versatile event venue - this is the place you've been looking for. Phoenix Stables is not just a home; it's a lifestyle and a business opportunity.
Property Features
• Main Residence:
o Historic Italianate architecture with modern amenities
o Custom kitchen featuring a gas fireplace and high-end appliances
o 2,434± sq ft of living space: 1,433± sq ft on the main level and 1,001± sq ft on the upper level
o 4 spacious bedrooms, 2 full bathrooms, and an unfinished basement (1,001± sq ft) offer the potential for additional living space
o Wrap-around porch providing picturesque views of the surrounding estate
• Equestrian Facilities:
o Barn 1: A 60' x 80' pole barn constructed in 2019 featuring 12 horse stalls, a tack room, and ample hay storage. This barn is designed for efficient operations and easy access for horses and equipment.
o Barn 2: A 36' x 48' barn, built in 2008, with 5 stalls and a wash rack. This barn is ideal for grooming and day-to-day care of the horses.
o Barn 3: A newly built 60' x 175' indoor riding arena (2023), constructed to IEA standards, never before used. This arena is perfect for year-round training, with ample space for competitive events and practice.
o Barn 4: A smaller, multi-purpose barn featuring 4 stalls with 3 stalls going to dry lot and a feed room. Also includes a full bath and laundry.
o Barn 5: A secondary arena and stabling barn with 3 additional stalls and a trailer storage area, ensuring your horses have the best care and comfort.
o Outdoor Arena: A professionally lit outdoor arena, perfect for evening riding sessions and events.
o Mare and Horse Shades: Most paddocks are equipped with mare or horse shades, providing essential protection and comfort for your animals.
o Fencing: The property is fully fenced and cross-fenced, ensuring the safety and effective management of the horses.
• Additional Residences:
o Guest House 1: A 1,920± sq ft single-story home, perfect for guest accommodations or as a manager's residence. This home includes 2 bedrooms, 1 bathrooms, a spacious living area, and a modern kitchen.
o Guest House 2: A cozy 1,008± sq ft single-story cottage, ideal for additional guests or rental income. This residence features 1 bedrooms, 1 bathroom, and an open-concept living space.
o Pool House: The pool house complements the in-ground heated pool and includes a bathroom and changing area, making it perfect for summer entertaining.
• Land and Amenities:
o The property is a single, cohesive 27.31-acre estate with gently rolling terrain, level pastures, and scenic views. It is ideal for equestrian activities and peaceful rural living.
o 2 private wells, septic system, and modern utilities ensure comfortable living with a sustainable lifestyle.
• Versatile Venue Potential:
o Phoenix Stables offers a wide array of potential uses beyond just equestrian activities. The expansive grounds and beautiful structures make it an ideal location for an event center, wedding venue, and more. The picturesque setting and ample space provide endless possibilities for hosting special events in a unique and serene environment.
• Location:
o Just 4± miles from downtown Pendleton
o 36± miles from Indianapolis, IN
o 118± miles from Cincinnati, OH
o 155± miles from Columbus, OH
o Proximity to Hoosier Park Racing & Casino and other local attractions
o Convenient access to major highways, airports, and urban amenities
Register to Bid Today
United Country | Coffey Realty & Auction
Jimmie Dean Coffey, Managing Broker / Auctioneer, Lic#AU01049934
Cody Coffey, Auction Manager
UnitedCountryIN.com • 812-822-3200
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