Carinya, the rural Bowral estate sells at $4.8 million

The 40 hectare Bowral estate, Carinya, home to horse breeders Luke and Sally Kean, who was a former dressage champion, has been sold to the Chiba family for $4.8 million.

The stables have since been expended significantly to create a base for their European Dressage Horses business, including a stable complex designed by architect Ken Latona.

An Olympic-size covered dressage arena, fencing, vet and quarantine facilities and separate accommodation have also been added.

The main residence has also been extended and now comes with a heated swimming pool and tennis court.

The couple have five children decided to scale down locally to something more manageable.

The listing came on at $5.5 million.

Luke Kean, general manager at YourShare Financial Services, and Sally Latona, a former state dressage champion, bought Carinya, in 2008 for $4.4 million from liquor store owners John and Penny Lawless.

The Keans were the buyers of Ripley, the six-bedroom French farmhouse at Burradoo.