Weight loss, how about real estate loss as Jenny Craig cuts Rancho Paseana sale price at Rancho Santa Fe, Calif.
Guess Jason and Catherine Barry can't sell the ultimate in horse training facilities, Jenny Craig's Rancho Paseana. Maybe another real estate firm would do better.
As reported this week, weight-loss guru Jenny Craig cut the price on her Rancho Santa Fe, Calif., equestrian estate to $25 million from $30 million. The property, about 30 minutes north of San Diego, came on the market a little over a year ago.
Known as Rancho Paseana, the property's 229 acres include a ¾-mile racetrack, two guest houses, an olive orchard, five barns and a veterinarian's suite. Also for sale, for $9 million, is Ms. Craig's 3.4-acre gated estate in Rancho Santa Fe. On a bluff overlooking the equestrian estate, that property has a four-bedroom main house, gardens and a private car museum. That's a grand old place. Ah-Ha Rancho Santa Fe News carried the Real Estalker's coverage of this continuing weigh house loss sage. For the coverage, visit here.
Mrs. Craig and her late husband, Sidney, co-founded the weight-loss company bearing her name. Jeff Hyland with Hilton & Hyland/Christie's International Real estate in Beverly Hills, shares the equestrian listing with Catherine Barry and Jason Barry of Barry Estates in Rancho Santa Fe. The Barrys also have the listing for the smaller property.
This is from the previous coverage of the "small" property at Ah-Ha Rancho Santa Fe News. For the full scoop visit here...
SELLER Jenny Craig
LOCATION: Rancho Santa Fe, CA
PRICE: $8,995,000
SIZE: 10,029 square feet, 4 bedrooms, 4 full and 3 half bathrooms
YOUR MAMAS NOTES: Thanks to the kindness of Sandy Sandiego, Your Mama recently learned that diet plan diva Jenny Craig has put her posh pad in ritzy Rancho Santa Fe, CA on the market with an asking price of $8,995,000
Miz Craig and her deceased huzband/bidness partner Sidney founded the eponymous Jenny Craig weight loss and weight management system in Austrailia in the early 1980s and in the mid-1980s they exported their weight loss wares to the United States and around the world. In 2002 Mister and Missus Craig's lucrative diet plan enterprise was acquired by a private equity firm (MidOcean Partners) and in 2006 the company was sold to Nestlé in a deal worth approximately $600,00,000.
Your Mama does not know how much moolah Mister and Missus Craig pocketed from either transaction, but from the looks of their real estate holdings in the Rancho Santa Fe area, the company and the sale of said company was enormously profitable for the pashas of the low-cal pre-planned meal.
Certainly the Jenny Craig diet plan (or whatever it's called) has helped a lot of people down size their denims but the program is not without critics and controversies. At least one website dedicated to the fine art of dieting claims it costs a person to lose every single pound on the Jenny Craig weight reduction regimen. By the rudimentary calculations of Your Mama's bejeweled abacus, iffin a person needs/wants to lose 100 pounds–and there are an unnerving number of people who waddle the streets and clog up the drive-thrus at Mac-Donalds who need to lose 100 pounds–it'll cost them an astonishing eight thousand dollars.
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