EXCLUSIVE: Steven Spielberg Pulls $30 Million L.A. Ranch Off the Market—Decades After Abandoning Controversial 5-Story Riding Arena Plans

Filmmaker Steven Spielberg's sprawling Los Angeles ranch, where he housed his horses, has been removed from the market—decades after he abandoned his controversial plans to transform the property with an enormous five-story riding facility.Spielberg, 79, and his wife, Kate Capshaw, 72, purchased the property in 1999 through their corporate entity, Texas Tart, for $5.75 million.They then listed the massive compound in September for $30 million; however, their plans to offload the dwelling have seemingly been put on pause, with property records now revealing that the home has disappeared from the selling block.When they purchased the home, the Hollywood mogul and actress unveiled ambitious plans to dramatically overhaul the estate with a 27,000-square-foot, five-story riding facility featuring a domed roof and underground horse stables.Spielberg's vision also reportedly included more than $7 million worth of renovations, as well as plans to construct a 2,400-square-foot guesthouse and a three-story guardhouse.Loading...Filmmaker Steven Spielberg's sprawling Los Angeles ranch where he housed his horses has been removed from the market—decades after he abandoned his controversial plans...