Later Years
In 1923, Chrysler purchased a twelve-acre waterfront estate at Kings Point on Long Island, New York from Henri Willis Bendel and renamed it "Forker House." In December 1941, the property was sold to the U.S. government's War Shipping Department and became known as Wiley Hall as part of the United States Merchant Marine Academy. He also built a country estate in Warrenton, Virginia in what is referred to as the Virginia horse country and home to the Warrenton Hunt. In 1934, he purchased and undertook a major restoration of the famous Fauquier White Sulphur Springs Company resort and spa in Warrenton. Sold in 1953, the property was developed as a country club, which it remains today.
On the estate he inherited, Walter P. Chrysler, Jr. established North Wales Stud for the purpose of breeding Thoroughbred horses. Chrysler, Jr. was part of a syndicate that included friend Alfred G. Vanderbilt II who in 1940 acquired the 1935 English Triple Crown winner Bahram from the Aga Khan III. Bahram stood at stud at Vanderbilt's Sagamore Farm in Maryland then was brought to Chrysler's North Wales Stud.
By 1936, Chrysler had handed off the running of his corporation to others, and saw himself more as a semi-retired patriarch.
Walter Chrysler suffered a stroke in 1938 and died in 1940 at Forker House. He was buried at Sleepy Hollow Cemetery in Sleepy Hollow, New York.
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