Depending on how committed their children are to the high-priced pursuit of show horses, the biggest expense for parents can be the equestrian property that goes with it. Because proximity to show venues is a paramount selling point, the most notable water feature of such expensive properties can be a horse trough.

Wellington, Fla., for example, has no ocean frontage or mountains, but Bill Gates owns a multimillion-dollar home with a barn in its Mallet Hill section near the Palm Beach International Equestrian Center show grounds, according to Marysue Jacobs, owner of Destiny Properties International.

Read the full article here: A Place to Hang Your Hat, and Bridles – The New York Times