Updated Oct 29, 2024
Maharshi Properties LLC Acquires 19.73-Acre Equestrian Estate In Wellington For $21.85M
13893 Gracida St, Wellington, FL 33414
$21,850,000
$2,765/SF
Building Size
7,902 SF
Asset Type
Single Family Residence
Closing
Aug 4, 2023
About this deal
AI
Katherine Kaneb, the former wife of developer Mark Bellissimo, sold her Wellington equestrian estate for $21.85 million to Maharshi Properties LLC. The property, located at 13893 Gracida Street in Wellington, spans 19.73 acres. It includes a house, guest house, barns, training arenas, and ample green space, making it a desirable choice for equestrian enthusiasts. Its proximity to horse show grounds adds to its appeal in the market.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $21,850,000
- Square Footage: 7,902
- Price per Square Foot: $2,765
- Market: Wellington
Mark Bellissimo and Katherine Kaneb were the sellers of the property, represented by Maria Mendelsohn from Douglas Elliman. On the other hand, Rodolfo Maya from Illustrated Properties served as the buyer's representative for Maharshi Properties LLC. The transaction, which took place on August 4, 2023, marks a significant sale in the Wellington real estate market.
On the Map
$21,850,000
$2,765/SF
Single Family Residence
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93