The three most important aspects in real estate are, as the saying goes, location, location, location.

Some people want houses on Miami Beach, some want massive Montana ranches with sweeping vistas, and some want a penthouse looking over Central Park. But for celebrity chef Bobby Flay, the location he was looking for was much more unique than that: trackside.

Bobby went on a $9 million real estate spree last February, dropping $7.6 million on an ultra-modern Los Angeles dream home but the more interesting property was the $1.7 million house in Saratoga Springs that backs directly up to the Saratoga Race Course complex.