This week's Kentucky Derby will feature a grand display of horses, hats and wealth. And as the number of wealthy horse owners grows, demand for pricey horse estates is also picking up speed.
The market for horse properties and equestrian estates has started to rebound after a dramatic fall during the recession. Realtors in horse country say that sales in 2012 rose between 20 percent and 50 percent over the previous year.
From the rolling green pastures of Virginia and Connecticut to the palatial paddocks and horse-centric mansions in Texas and California, equestrian estates are back in vogue among wealthy home buyers—tracking similar demand for private vineyards and ranches.