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Thomson Family Sells Wellington Equestrian Estates For $20.4M

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SOLD
$20,400,000

Florida

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Single Family Residence10,400 SF
Sold 06/14/2023
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SOLD

Thomson Family Sells Wellington Equestrian Estates For $20.4M

14225 50th St S Wellington, FL 33414, USA

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Single Family Residence10,400 SF
Sold 06/14/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,961
Total Square Footage:10,400 SF
Transaction Type:Sale

Canada's richest family, the Thomsons, has sold their Wellington equestrian estates for $20.4 million. The properties, previously owned by Susan Grange, a notable figure in the Canadian equestrian scene, offer extensive equestrian amenities and large land parcels in the coveted Wellington area. The single-family properties are located at 14225 50th Street South and 4775 Stables Way, covering a total of 30 acres. With a total of 10,400 square feet, the estates offer ample space for the owners and their horses. The sale price of $20.4 million translates to a price per square foot of $1,962.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $20,400,000
  • Address: 14225 50th Street South & 4775 Stables Way
  • Market: Wellington
  • Acres: 30
  • Buyer's Representative: David Welles - Equestrian Sotheby’s International Realty
  • Seller's Representative: Martha Wachtel Jolicoeur - Douglas Elliman

The buyer's representative, David Welles from Equestrian Sotheby’s International Realty, and the seller's representative, Martha Wachtel Jolicoeur from Douglas Elliman, played key roles in facilitating the sale of these prestigious equestrian estates. The transaction marks the successful transfer of ownership from the Thomsons to the new buyer, who will now have the opportunity to enjoy the extensive equestrian amenities and spacious land parcels of these properties.

Players

David Welles
3 deals$40.9M volume
BROKER

Details

SOLD
IMAGE: David Welles DATE: 06/14/2023 ADDRESS: 14225 50th Street South & 4775 Stables Way MARKET: Wellington ASSET TYPE: Single Family ~ ACRES: 30 BUYER'S REP: David Welles (@DaWelles22) - Equestrian Sotheby’s International Realty (@SIR.Equestrian) SELLER'S REP: Martha Wachtel Jolicoeur (@Marthas_Properties) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SALE PRICE: $20,400,000 SF: 10,400 ~ PPSF: $1,962 NOTE: Canada's richest family, the Thomsons, has sold their Wellington equestrian estates for $20.4 million. The properties, previously owned by Susan Grange, a notable figure in the Canadian equestrian scene, offer extensive equestrian amenities and large land parcels in the coveted Wellington area.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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