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Wellington Equestrian Estate Sold For $19.5M To 15255 Estancia LLC - Maria Mendelsohn & Rodolfo Maya's Reps In The Deal

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SOLD
$19,500,000

Florida

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Single Family Residence4,763 SF
Sold 08/07/2023
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Property Image
SOLD

Wellington Equestrian Estate Sold For $19.5M To 15255 Estancia LLC - Maria Mendelsohn & Rodolfo Maya's Reps In The Deal

15255 Estancia Ln Wellington, Fl 33414, Usa

See Similar Deals
Single Family Residence4,763 SF
Sold 08/07/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,094
Total Square Footage:4,763 SF
Transaction Type:Sale

A 20.08-acre equestrian estate located at 15255 & 15101 Estancia Lane in Wellington has been sold for $19.5 million. The property, which is situated conveniently near the Winter Equestrian Festival's show grounds, has quadrupled in value since its last transaction. This significant increase reflects the high demand for equestrian properties in Wellington.

Summary of transaction details

  • Property Type: Single Family Residential (SFR)
  • Transaction Amount: $19,500,000
  • Address: 15255 & 15101 Estancia Lane
  • Market: Wellington
  • Acres: 20.08

The buyer of the property, 15255 Estancia LLC, was represented by Robert Sorgini. On the other hand, Maharshi Properties, the seller, was represented by Octavio Mestre. Maria Mendelsohn from Douglas Elliman served as the buyer's representative, while Rodolfo Maya from Illustrated Properties acted as the seller's representative. This transaction demonstrates the expertise and professionalism of these agents in the 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: 08/07/2023 ADDRESS: 15255 & 15101 Estancia Lane MARKET: Wellington ASSET TYPE: SFR ~ ACRES: 20.08 BUYER: 15255 Estancia LLC - Robert Sorgini SELLER: Maharshi Properties - Octavio Mestre BUYER'S REP: Maria Mendelsohn (@MariamProperties) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SELLER'S REP: Rodolfo Maya - Illustrated Properties SALE PRICE: $19,500,000 SF: 4,763 ~ PPSF: $4,094 NOTE: A 20.08-acre equestrian estate in Wellington sold for $19.5 million, quadrupling in value from its last trade, reflecting high demand for equestrian properties in the area. The property is conveniently located near the Winter Equestrian Festival's show grounds.

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Deal Type
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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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