In 1999, Steven Spielberg and Kate Capshaw bought a 2.8-acre Los Angeles horse ranch for $5.75 million; 27 years later, their seven-bedroom equestrian estate with a 20,000-sq-ft riding arena is seeking $29.9 million

In 1999, filmmaker Steven Spielberg and his wife, Kate Capshaw, purchased a sprawling ranch in Los Angeles through their corporate entity, Texas Tart, for $5.75 million. Now, according to a report by Realtor.com, the couple has listed the property for nearly $30 million, decades after abandoning controversial plans to transform it with an enormous five-story riding facility.

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