Three months after Kevin Plank listed the historic 400-acre Sagamore Farm equestrian estate for sale, the Baltimore County landmark can be had for a reduced price of $18.5 million.

Plank, Under Armour founder and CEO, put the Reisterstown property on the market at the end of February for $22 million, announcing that “It’s time for the next steward to carry the torch.”

Sagamore, where Plank had launched a thoroughbred racing operation with plans to breed and train runners for the Kentucky Derby and Preakness Stakes, is currently listed for $18.5 million, according to an online listing from real estate company Compass.

A Compass representative could not be reached on Tuesday.

Plank paid $4.99 million for the farmhouse at 3366 Belmont Ave. in 2008, Maryland property records show, as part of a two-part, $18 million total purchase of the farm, a source familiar with the transaction said.

Sagamore overlooks Worthington Valley and has three renovated barns, paddocks, a track and several residences. One of them, the “Top of the Valley” home, spans 16,000 square feet with seven en-suite bedrooms, eight full baths and amenities such as a great room, a library, a gym and conference room addition.

The general manager and a team of groundskeepers live on the farm. The general manager’s house has five bedrooms and a pool. The “Bunkhouse,” which includes eight separate apartments, was built in 2014 for staff and jockeys.

The track is three-quarters of a mile long, and “Clocker’s Tower,” with conference rooms, was built next to it to offer a vantage point to watch training.

Plank discontinued training and breeding in 2020 and planned instead to grow corn and rye for his Sagamore Spirit whiskey brand and to house several retired horses. The refurbished farm, with horse racing history stretching back a century, was home to Native Dancer, Bed O’Roses, Discovery and other champions.

Plank told The Sun in 2020 he was ending the equestrian operation after an “amazing” run. At the time, Under Armour was struggling through a difficult period marked by plummeting stock and investigations by the U.S. Securities and Exchange Commission and the Justice Department.

Earlier this month, Plank placed a Georgetown rowhouse as collateral for a $15 million loan needed to continue with or acquire “a business or commercial investment,” according to a deed of trust filed in Washington, D.C. The Georgetown property is valued at $2 million, property records show.

Plank, whose primary residence is in Lutherville, returned as the Baltimore-based sports apparel brand’s CEO in April 2024.

Have a news tip? Contact Lorraine Mirabella at lmirabella@baltsun .com, 410-332-6672 and @lmirabella on X.