facebook
Traded Co logo
Submit

Maroon Partners Acquires Bill Gates' Wellington Single Family Estate For $26M

Property Image
SOLD
$26,000,000

Florida

See Similar Deals
Single Family Residence11,488 SF
Sold 03/24/2022
the dealdetailscomps
Property Image
SOLD

Maroon Partners Acquires Bill Gates' Wellington Single Family Estate For $26M

13945 Quarter Horse Trail, Wellington, Florida 33414, United States

See Similar Deals
Single Family Residence11,488 SF
Sold 03/24/2022

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,263
Total Square Footage:11,488 SF
Transaction Type:Sale

A single-family property located at 13945 Quarter Horse Trail in Wellington has been sold. The property spans across 5.5 acres in the Wellington market. The transaction took place on March 24, 2022, and the property was purchased by Maroon Partners from the seller, Bill Gates. The notable feature of this property is its size, with a total square footage of 11,488. The sale price for this property was $26,000,000, resulting in a price per square foot of $2,263.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $26,000,000
  • Address: 13945 Quarter Horse Trail
  • Market: Wellington
  • Size: 5.5 acres
  • Buyer: Maroon Partners
  • Seller: Bill Gates

It is worth mentioning that Jennifer Gates, Bill Gates' daughter, used the estate to train for equestrian events. The property provided her with ample space and amenities to pursue her passion for horseback riding.

Players

SELLER

Details

SOLD
IMAGE: Bill Gates DATE: 03/24/2022 ADDRESS: 13945 Quarter Horse Trail MARKET: Wellington ASSET TYPE: Single Family ~ ACRES: 5.5 BUYER: Maroon Partners SELLER: Bill Gates SALE PRICE: $26,000,000 SF: 11,488 ~ PPSF: $2,263 NOTE: Jennifer Gates, Bills daughter, used the estate to train for equestrian events. equestrian: (a rider or performer on horseback.)

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

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)

$1,386,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17