Updated Dec 4, 2024
Somerset South Stables Acquires Alison Firestone Robitaille's Wellington Equestrian Estate For $10.9M
3221 Grand Prix Farms Road
$10,900,000
Building Size
—
Asset Type
Single Family
Closing
Nov 1, 2023
About this deal
AI
Alison Firestone Robitaille, heiress to Johnson & Johnson, sold her Wellington equestrian estate located at 3221 Grand Prix Farms Road for $10.9 million to Somerset South Stables LLC. The transaction took place on 11/01/2023. The 8-acre single-family property was originally purchased in 1999 for $1.3 million. The estate boasts a 21-stall barn, Grand Prix ring, and various other amenities.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,900,000
- Address: 3221 Grand Prix Farms Road
- Market: Wellington
The buyer, Somerset South Stables LLC, was represented by Paul Broder, a vice president at Renaissance Technologies. The seller's representative was Maria Mendelsohn from Douglas Elliman. Additionally, Paul Butterworth from Equestrian Sotheby's International Realty Inc acted as the buyer's representative in the deal.
On the Map
$10,900,000
Single Family
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Wellington Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93