The owner of a Wellington mansion is auctioning her home so she can spend more time traveling.
Located in the Kensington neighborhood of the Palm Beach Polo Golf and Country Club community, the home was originally listed at $4 million before the owner, Vanessa Symmons, dropped the price to $1.25 million and sent it to auction, according to a release.
The home is 6,100 square feet, has five bedrooms, five-and-a-half bathrooms, and a large outdoor courtyard with a pool, spa and summer kitchen. A guest house and three-car garage are also on the property.
Platinum Luxury Auctions is handling the bidding, which will take place on April 10. The firm is working with listing agent Martha Jolicoeur of Illustrated Properties to sell the property.
“There is simply not another home within this desirable neighborhood that offers the pound-for-pound value of this estate,” said Trayor Lesnock, Platinum’s president and founder, in a statement.
Symmons sold another of her properties in 2006 for $9 million to the family of former New York mayor Michael Bloomberg — also the 13th wealthiest man in the world, according to a release.
She is downsizing so she can spend more time traveling and visiting her other properties, the release stated. — Sean Stewart-Muniz