Palm Beach Polo has sold a 23-acre property located at 11153 Polo Club Road in Wellington, Florida. The development site, formerly a part of the Palm Beach Polo Golf & Country Club, has been purchased by Farrell Florida Wellington Owner LLC for a total of $12.6 million. The acquisition of this site will pave the way for the construction of 27 luxury estate homes, following the approval received from the Village Council.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,600,000
• Address: 11153 Polo Club Road
• Market: Wellington
• Buyer: Farrell Building Co.
• Seller: Palm Beach Polo - Glenn Straub

Farrrell Florida Wellington Owner LLC, represented by Farrell Building Co., emerged as the successful buyer of the property. On the other hand, Palm Beach Polo, led by Glenn Straub, acted as the seller in the transaction. This sale showcases the potential for luxury development in Wellington, Florida, and demonstrates the increasing interest in the market for such exclusive properties.