facebook
Traded Co logo
Submit
Daily limit: 0/10

Maharshi Properties LLC Acquires 19.73-Acre Equestrian Estate In Wellington For $21.85M

Property Image
SOLD
$21,850,000
 Maria Mendelsohn

Florida

See Similar Deals
Single Family Residence7,902 SF
Sold 08/04/2023
the dealplayerscompscontact
Property Image
SOLD

Maharshi Properties LLC Acquires 19.73-Acre Equestrian Estate In Wellington For $21.85M

13893 Gracida St, Wellington, FL 33414

See Similar Deals
Single Family Residence7,902 SF
Sold 08/04/2023
 Maria Mendelsohn
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,765
Total Square Footage:7,902 SF
Transaction Type:Sale

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.

Players

Rodolfo Maya
3 deals$54.3M volume
BROKER

 Maria Mendelsohn
Douglas Elliman
6 deals$112.2M volume
BROKER

Details

SOLD
IMAGE: Maria Mendelsohn & Rodolfo Maya DATE: 08/04/2023 ADDRESS: 13893 Gracida Street MARKET: Wellington ASSET TYPE: SFR ~ ACRES: 19.73 BUYER: Maharshi Properties LLC SELLER: Mark Bellissimo & Katherine Kaneb BUYER'S REP: Rodolfo Maya - Illustrated Properties (@IllustratedProperties) SELLER'S REP: Maria Mendelsohn (@MariamProperties) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SALE PRICE: $21,850,000 SF: 7,902 ~ PPSF: $2,765 NOTE: Katherine Kaneb, the former wife of developer Mark Bellissimo, sold her Wellington equestrian estate for $21.85 million to Maharshi Properties LLC. The 19.73-acre property includes a house, guest house, barns, training arenas, and ample green space, appealing to equestrian enthusiasts due to its proximity to horse show grounds.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$77,628.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$103,580.15
Annual Debt Service$1,242,961.77