Thomson Family Sells Wellington Equestrian Estates For $20.4M
14225 50th St S Wellington, FL 33414, USA
$20,400,000
$1,961/SF
Building Size
10,400 SF
Asset Type
Single Family Residence
Closing
Jun 14, 2023
AI
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
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93