The spacious property offers an impressive array of amenities alongside its luxurious living spaces.

Steven Spielberg attends the premiere of "Disclosure Day" in New York City, June 8, 2026.

Filmmaker Steven Spielberg has listed the sprawling Los Angeles ranch where he housed his horses for nearly $30 million-decades after abandoning 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.

At the time, 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.

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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.

However, the proposed transformation sparked fierce backlash from neighbors, who objected to the scale of the project.

Although the Oscar-winning director reportedly planned to present revised ideas to his neighbors, the elaborate project ultimately never came to fruition. However, he did get a chance to update the estate into the magnificent abode it is today.

The property remained part of Spielberg and Capshaw's extensive real estate portfolio for nearly three decades.

Spielberg and Kate Capshaw in London in June.

Now, the couple is finally preparing to part ways with the equestrian retreat, listing it for $29.9 million with Sandro Dazzan of The Agency.

Known as Dogwood, the seven-bedroom, 9.5-bathroom estate sits on 2.8 acres in the ultraprivate Sullivan Canyon and offers an impressive array of equestrian amenities alongside its luxurious living spaces.

"Nestled in the ultra-private Sullivan Canyon, Dogwood is Los Angeles' premiere equestrian ranch - a rare masterpiece designed by renowned architect Michael Kovac with interiors by Michael Smith and landscape design by Christine London," the listing states.

Spanning two parcels, the property combines a sophisticated country-inspired aesthetic with extensive facilities designed for horses, entertaining, and guests.

Inside the main residence, rich walnut floors and wood-covered ceilings create a warm atmosphere, while expansive windows bring in plenty of natural light.

The spacious living room offers multiple seating areas anchored by dual fireplaces, creating an inviting space for relaxing and entertaining.

That rustic aesthetic continues into the chef's kitchen, which features extensive wood cabinetry, an oversized center island, high-end appliances, and an eat-in dining nook.

"The chef's kitchen with eat-in dining nook and wood-burning fireplace connects to a cozy family room and IPE-clad terrace overlooking a tranquil reflection pond," the listing notes.

Upstairs, the primary suite offers a peaceful retreat complete with a wood-burning fireplace and access to a private covered terrace.

The outdoor space boasts yet another fireplace along with sweeping city and canyon views, according to the listing.

Elsewhere inside the home is a media room that can double as a game room, as well as a wine cellar.

But the property's most impressive features are arguably those designed for its four-legged residents.

Across from the main entertaining spaces sits a six-stall barn complete with an executive office, staff quarters, three grooming stations, a feed kitchen, and storage.

The equestrian facility is topped off by a sprawling 20,000-square-foot riding arena with an observation deck and mirrored wall, which the listing notes is suitable for both dressage and jumping.

The estate's lower parcel expands the compound even further with a stylish one-bedroom guesthouse equipped with its own kitchen, rooftop deck, and basement office and storage spaces.

There is also a second four-stall barn, a 5,400-square-foot turnout area, a private gate, and enough parking for more than 10 vehicles.

Both parcels are supported by a security command post and generators, further adding to the property's private compound-like feel.

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Outside, the ranch is surrounded by lush landscaping, while a tranquil reflection pond adds to its secluded, countryside atmosphere-despite the estate's location in the heart of Los Angeles.

The $29.9 million listing now marks the end of a decades-long chapter for Spielberg and Capshaw, who held onto the equestrian retreat for nearly 27 years after first purchasing it for a fraction of its current asking price.

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Despite having never resided in this property, the couple has plenty of lavish abodes to call home.

Their main residence is a stunning Pacific Palisades abode, which has served as their home since 1985.

The property sprawls across 20,000 square feet and boasts a media room, a 14,000-gallon aquarium, and several other lavish amenities.

Over in Malibu, they own a beachfront abode, which is made up of two parcels.

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They purchased the first parcel in 1989 for $3.3 million and picked up the second in 2000 for $3.2 million.

The home is situated on a 1.44-acre lot and boasts 144 feet of ocean frontage.

They also hold the keys to a dwelling in New York, which they purchased in 1983.

The couple snapped up the 6-acre estate and enlisted architect Charles Gwathmey to overhaul the abode.

Over the years, he added horse stables and a lavish guesthouse.

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In 2008, he expanded the property by picking up a 3.2-acre pond in the front of the home for $20 million.

Also in the East Coast, the couple also owns a 6,000-square-foot apartment building in Manhattan.

This story originally ran on Realtor.com.