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:
- Property Type: Single Family
- Transaction Amount: $25,500,000
- Acres: 14.15
- Square Footage: 7,086
- Price Per Square Foot: $3,599
- Buyer: Thomas Kirk Kristiansen - The Lego Group
- Seller: Michael Hall - Shady Grove Road Commercial Properties
- Buyer's Representative: Jackson Brittan - MB Real Estate Group
- Seller's Representative: Maria Mendelsohn - Douglas Elliman
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
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