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

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SOLD
$25,500,000

Florida

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Single Family14,172 SF
Sold 05/21/2025
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SOLD

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

3531 Old Hampton Drive & 3531 Old Hampton Drive

See Similar Deals
Single Family14,172 SF
Sold 05/21/2025
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,799
Total Square Footage:14,172 SF
Transaction Type:Sale

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
6 deals$112.2M volume
BROKER

Jackson Brittan
2 deals$41.8M volume(817) 915-5026
BROKER

Details

SOLD
IMAGE: Maria Mendelsohn, Thomas Kirk Kristiansen, Michael Hall & Jackson Brittan DATE: 05/21/2025 ADDRESS: 3531, 3549 & 3585 Olde Hampton Drive MARKET: Wellington ASSET TYPE: Single Family ~ ACRES: 14.15 BUYER: Thomas Kirk Kristiansen - The Lego Group SELLER: Michael Hall - Shady Grove Road Commercial Properties BUYER'S REP: Jackson Brittan (@JacksonBrittan) - MB Real Estate Group SELLER'S REP: Maria Mendelsohn (@MariamProperties) - Douglas Elliman (@DouglasElliman) SALE PRICE: $25,500,000 SF: 7,086 ~ PPSF: $3,599 NOTE: Lego chairman Thomas Kirk Kristiansen paid $25.5M for a 14.15-acre equestrian estate in Wellington's Grand Prix Village, featuring two barns, jumping fields, and a 13-bedroom residence. The property was sold by Shady Grove Road Commercial Properties and last traded for $21.7M in 2023.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,360,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11