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An equestrian estate about 7 miles south of Santa Barbara, Calif., is listing for $26.5 million. The property, more than 18 acres, is owned by Robert Fell, an entrepreneur and venture investor who was an avid polo player.
The estate, completed in 2001, includes an 8,000-square-foot, five-bedroom mansion inspired by French and Italian architecture, Mr. Fell said. There is also a guesthouse atop a separate two-car garage, plus an 800-square-foot pool house with a gym and one bedroom apartment. The property features views of…