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
$19,500,000
$4,094/SF
Building Size
4,763 SF
Asset Type
Single Family Residence
Closing
Aug 7, 2023
AI
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
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93