THE WALL STREET JOURNAL. Friday, March 13, 2020 |M3
white clapboard facade and col-
umned balustrade. The slate roof
was repurposed from the Yale Di-
vinity School. “I felt that it would
bless the house, and it has,” Ms.Schwartz said.
The interior of the roughly
24,000-square-foot, eight-bed-
room home was designed by Brit-
ish decorator Kelly Hoppen andPRIVATE PROPERTIES
Dwyane Wade and Gabrielle
Union list their Los Angeles
home.M12
PICTOMETRY
George Ruan, the co-
founder of a startup that
was recently purchased
for about $4 billion by
Paypal Holdings, has
snapped up a $60 million
house in Los Angeles, ac-
cording to people familiar
with the deal.
The property was sold
in an off-market transaction by de-
velopment company Viewpoint Col-
lection. It is the latest in a string of
major luxury home sales in the
area.
The home is in the Bel-Air area,roughly 3 miles from
Chartwell, the elaborate
Neoclassical-style estate
that was used as the
Clampett residence in the
television show “The Bev-
erly Hillbillies.” That
property sold for $150
million last year.
Mr. Ruan’s new home
appears to have been recently
completed. It is about 21,000
square feet and on about 1.15
acres, according to a posting on
the website of listing agent Tomer
Fridman of Compass.Mr. Ruan co-founded Honey, an
online coupon company, in 2012.
The company helps consumers
find discount codes for e-com-
merce transactions.
Mr. Fridman and his colleague
Sally Forster Jones represented
Viewpoint. Rayni and Branden
Williams of Hilton & Hyland rep-
resented Mr. Ruan.
—Katherine ClarkeStart-Up Chief Sells to PayPal—and
Buys $60 Million Home in Bel-Air
SOLD$60
MILLION
21,000 Sq. ft.,
recently
completed, on
1.15 acresCalvin Klein Co-Founder
Lists Equestrian Estate
Saddle-leather floor tilescombines a neutral palette with
antiques. Trophy pieces include a
Qi dynasty Buddha, an old English
mantel and a two-tier chandelier
in the sitting room, according to
the listing.
There is a sunroom with french
doors that open up to a bluestone
terrace, a two-story library with
saddle-leather floor tiles, and a
2,200-bottle wine cellar with a
tasting room and game room. The
master suite has its own Japa-
nese-inspired Zen garden with a
water feature, inspired by Mr.
Schwartz’s regular trips to Asia
during his time at Calvin Klein.
Outside, the
gardens include
lavender and
boxwood
hedges and a
pergola walk-
way.Thereare
more Japanese-
style gardens
and a butterfly
garden that
was built as a surprise for Mr.
Schwartz, who loves the creatures.
A 4,000-square-foot outbuilding
has a 60-foot-long swimming pool
and spa, a gym and a sauna. The
property also includes eight staff
residences, a guesthouse and a
caretaker’s residence.
Mr. Schwartz, 77, was childhood
friends with Mr. Klein, the cloth-
ing designer. They founded the
company in 1968 with an initial
stake of $10,000 and grew it into
a massive label. The pair sold the
company to shirt maker Phillips-
Van Heusen in 2003 in a deal val-
ued at about $730 million.
The Schwartzes said they are
selling the property because they
are not spending enough time
there. They spend about half the
year in Santa Barbara, Calif., and
another several months during
the racing season in Saratoga, N.Y.
The property is listed by Kath-
leen Coumou of Christie’s Interna-
tional Real Estate and Andrew
Emery of Christie’s International
Real Estate Westchester | Hudson
Valley. Ms. Coumou said that she
hopes that recent volatility in the
stock market will lead buyers to-
ward investing in land.FOR SALE$100
MILLION
740 acres, turf
racetrack,
master suite
has Zen gardenCHRISTIE’S INTERNATIONAL REAL ESTATE (3)of land shortly after. The main
house, a Colonial plantation-style
manor, took four years to build
and was completed in 2003.
The four-story home has aH
orse-racing enthusiasts
Barry K. Schwartz, the
co-founder of Calvin
Klein Inc., and his wife
Sheryl Schwartz are listing their
sprawling equestrian estate in
New York’s Westchester County
for $100 million.
Spanning roughly 740 acres,
the estate is among the largest
privately owned properties in the
county, according to listing
agency Christie’s International
Real Estate.
Known as Stonewall Farm, the
property is in a small hamlet
called Granite Springs. Its elabo-
rate equestrian facilities include a
turf racetrack, riding trails, a 40-
stall barn and two 24-stall barns,
numerous fenced-off paddocks
and pastures with run-in sheds.
The couple has bred or raced
about 65 stake winners and sev-
eral horses on the farm that have
gone on to compete in the Ken-
tucky Derby, Mr. Schwartz said
one horse that competed in Ken-
tucky was jokingly named “Degen-
erate Jon” after the couple’s son,
while another was named “Killer
Diller” after Mr. Schwartz’s friend,
media magnate Barry Diller.
A grocer’s son from the Bronx,
Mr. Schwartz said he began at-
tending races at
nearby Belmont
Park at age 15. He
and Ms. Schwartz
met on a blind
date watching
trotters at Roose-
velt Raceway in
Westbury, N.Y., in
1967.Theybought
the largest swath
of Stonewall, a
673-acre parcel,
for $3.25 million in
1979, shortly after
deciding to get
into the racing
business.
“It was the easi-
est negotiation of my life,” Mr.
Schwartz said. “The seller asked
$3.5 million, I offered $3 million
and we settled on $3.25 million.”
They added an additional parcelDoors open to bluestone terraceBYKATHERINECLARKE