Originally written on Busted Coverage  |  Last updated 11/18/14

Ever wanted to own your a horse farm subdivision in North Carolina with 139 acres and multiple riding stables? NASCAR driver Joe Nemechek wants you to take his Mooresville property off his hands. This guy has been bleeding cash since purchasing this insane development just before the stock market crashed. The original idea was to sell off plots of land to horse enthusiasts. Only one house was ever built. You get it, too. 

Nemechek put the property on the market for $11M in 2009. That number has dropped over the years to $8.4M. With nobody stepping up with the cash, auction was a last ditch effort.

“It’s definitely time to move on to the next chapter of my life – the next project,” he said, adding that this was his largest – and last – real estate project, according to the Charlotte Observer.

Translation: the auction will be a bloodbath. The guy is 48 and has four career NASCAR wins. Not exactly a guy swimming in cash.

Highlights of Joe Nemechek’s Horse Pad:

• 5 bed, 6.2 baths

• 8,900 sq. ft.

• Lots of limestone, open concept, blah, blah, blah

• Horse arena!

• 60 miles to Whole Foods

• 12.5 miles to Nicole’s strip club

Asking: Auction with NO RESERVE!

Mortgage: If you need to know, you shouldn’t be bidding. Figure on spending at least $25,000 a month on maintaining the horse facility.

[Buy Joe Nemechek's Horse Subdivision - Concierge Realty]


Filed under: Other Sports
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Kentucky seeks one kind of history, Coach K makes another

Matt Stafford's fiancee rips newspaper over article

Craig Sager's leukemia has returned

Frozen Four: Providence earns first bid since 1985

Report: Discussions to bring NFL team to L.A. are progressing

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Chris Mullin expected to take St. John's job

Michigan State beats Louisville, punches Final Four ticket

Ex-NHL player viciously attacks opponent before game

Rick Barnes a possibility for Tennessee coaching job?

Report: NFL looking into Bill Belichick's camera ideas

Saints CB Brian Dixon arrested in Miami

WrestleMania 31 results: Rollins cashes in, Rousey appears

Five soon-to-be NBA free agents with a lot on the line

WATCH: Russell Wilson hits home run during Rangers BP

Hooked 'em: Why Texas had to fire Rick Barnes

Adam Morrison trolled fan who made JJ Redick comment

Jim Harbaugh finished fourth in student government election

WATCH: Notre Dame gets warm reception upon return home

WATCH: Kris Letang hospitalized after hit

Aaron Rodgers, sportswriter get into it over on-court access

Sam Dekker's hot shooting sends Wisconsin to Final Four

Jim McElwain complains about Florida roster

Mark Few: I put Coach K up there with John Wooden

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Full WrestleMania 31 recap and results

Why Texas had to fire Rick Barnes

Craig Sager's leukemia has returned

Report: Chris Mullin to take St. John's job

Report: NFL looking into more cameras

CC Sabathia goes off about spring stats

John Fox: Cutler will have to earn job

Texas eyeing Shaka Smart, Gregg Marshall?

WATCH: Brady jumps off cliff in Costa Rica

WATCH: 2 Chainz beats Nique in HORSE

NFL owners chose cost over game integrity

Be careful how loudly you cheer on Mo'ne Davis' olive branch

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.