PEG 435 LLC Purchases Equestrian Estate In Wellington From Marc C. Ganzi For $23 Million

This transaction involves a 46.7-acre equestrian estate located at 12940 50th Street South in Wellington, FL. The property was sold for $23 million and includes 175 horse stalls, a full-size polo field, and 20,417 square feet of improvements. The estate reflects the ongoing demand for polo properties in the Wellington area.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $23,000,000
• Address: 12940 50th Street South
• Market: Wellington, FL
• Acres: 46.7
• Buyer: PEG 435 LLC
• Seller: Marc C. Ganzi
• Broker: Matthew R. Johnson - EXP Realty

Marc Ganzi sold the property to PEG 435 LLC, realizing a significant gain from his previous purchase of the estate for $15.25 million in 2022. Broker Matthew R. Johnson facilitated the transaction, emphasizing the strong market for equestrian properties in the area.