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3531 Old Hampton Drive

Thomas Kirk Kristiansen Of The Lego Group Buys Equestrian Estate In Wellington For $25.5M
SOLDSingle Family

Thomas Kirk Kristiansen Of The Lego Group Buys Equestrian Estate In Wellington For $25.5M

3531 Old Hampton Drive & 3531 Old Hampton Drive

$25,500,000

$1,799/SF

Building Size

14,172 SF

Asset Type

Single Family

Closing

May 21, 2025

AI

The property involved in the transaction is a 14.15-acre equestrian estate located at 3531, 3549 & 3585 Olde Hampton Drive in Wellington. The sale price for this single-family asset was $25,500,000, with a total square footage of 7,086, translating to a price per square foot of $3,599.

Summary of transaction details:

This transaction was notable for its participants, with Lego chairman Thomas Kirk Kristiansen acquiring the property from Michael Hall, who represented Shady Grove Road Commercial Properties. The buyer was represented by Jackson Brittan from MB Real Estate Group, while the seller was represented by Maria Mendelsohn of Douglas Elliman. This estate previously traded for $21.7 million in 2023.

Players

Maria Mendelsohn

Douglas Elliman

Broker

$112.2M

vol

6 deals

Broker

West Palm Beach 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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93