NASCAR legend Tony Stewart has put his lavish 415-acre Hidden Hollow Ranch in Columbus, Indiana, on sale. This is not a new listing; rather, Smoke had initially put out this lavish property on sale two years ago. With a price tag of $30 million, the ranch became one of the most expensive properties to go on sale in the state’s history.
Well, there’s no shortage of amenities inside Stewart’s rustic mansion. But, despite the appeal and luxurious feel, the buyers weren’t willing to shell out $30 million to claim ownership of this property. This has forced Stewart to put out a more discounted price in a bid to attract buyers for his ranch.
Tony Stewart has put out a new price of $22.5 million for his Indiana home
After failing to get a reasonable offer for the $30 million property, Stewart listed back this property on sale for a discounted price tag of $22.5 million. The Hidden Hallow Ranch has a rustic and natural theme that features a two-story waterfall and flowing stream at its entrance. The house also comes with a gaming arena, a golf simulator, and an Onyx bar.
That’s not it; the biggest room inside the property features an 8,700-gallon freshwater aquarium and also has a 9-acre lake. This property is unique given its close ties to the forest ecosystem; animals like turkey, deer, and elk can be spotted. And yes, the property is licensed for hunting. The new price, which is a $7.5 million drop from the original offer, is expected to lure in more buyers and offers for the lavish home.
Carrie Holle, an agent from Compass, revealed the reason behind the discounted rate at which the Hidden Hallow Ranch is now listed. “We strive to ensure that our pricing remains competitive and in line with current market trends, ultimately offering the best value to potential buyers. This adjustment allows us to present the property at a price that accurately reflects its worth in today’s market, providing a fair and attractive opportunity for interested parties.”
Well, there might be a reason behind Stewart being eager to sell off this property. He’s now fully committed to his racing career at NHRA Top Fuel, and as we all know, running a race team requires a lot of funding and financial muscle. And going by his latest admissions, it feels as if his TSR Nitro team would be in a better space if the $22.5 million sale of his Indiana home goes through.
NASCAR struggles have continued for Stewart at NHRA as well
Stewart Haas Racing once dominated the NASCAR racing circuits, with two championships and multiple Final 4 appearances. Smoke has enjoyed a lot of success. But, with the changing times, SHR wasn’t able to repeat this feat, especially with the Next Gen car. With dwindling performance on the racetrack and a lack of business, he was forced to pull the plug on his ownership stint.
It is estimated that $20 million is what the teams have to shell out to run a top-flight car in the Cup Series. And SHR had not one but four entries. So you can only imagine how difficult it would’ve been for Stewart to keep funding his team. But he seems to have run into similar trouble with his ownership role at TSR Nitro, as he revealed that his team is yet to break even for the 2024 season.
“It has to make sense financially to run these cars, and we struggled for the first two seasons as a team owner. We never did even come close to breaking even for this season, but at the end of this season our books look a lot better, and I think we’re finally going to be in a situation where hopefully we can at least break even for the season financially,” Stewart said on Race Industry Week.
However, he is hopeful that things are going to change. With more brands attracted to NHRA racing and with a new TV deal being worked out behind the scenes. He certainly would be in a better place if the sale of $22.5 million worth of property in Indiana goes through. This would give him some breathing space and allow him to focus on his racing as a full-time driver for the 2025 season.
The post Despite Willing to Suffer $7.5 Million Loss, Tony Stewart’s 2-Year Long Hunt for 415-Acre Property’s Successor Continues appeared first on EssentiallySports.
