Wellington equestrian estate headed for auction

Platinum Luxury Auctions will conduct the April 21 auction of the 5.5-acre property

TRD MIAMI /
Apr.April 08, 2017 09:00 AM

A 5.5-acre equestrian estate in Wellington is headed for auction with a reserve price, or minimum bid, of $2 million. The property previously had been listed for sale with an asking price of $5 million.

Platinum Luxury Auctions will conduct the April 21 auction of the property in Wellington’s horse-friendly community Palm Beach Point, where the minimum parcel size is five acres.

Platinum will conduct the auction in tandem with the property owner, Krisitina Gustafson of Southfields Real Estate Inc., who also is the property’s listing agent.

Gustafson’s 5.5-acre estate, built in 2000, is a short horse ride from the Palm Beach International Equestrian Center.

The property’s four-bedroom, four-bathroom residence spans 5,400 square feet. The house has a bar, an enclosed swimming pool and a master suite with a private veranda.

The Wellington property also features a barn with 12 stalls, seven paddocks and its own full bath, plus a riding arena that measures 130 feet by 210 feet.


Related Articles

arrow_forward_ios
Richard Roeder of Vance Street and 15130 Sunny Island Lane (Credit: Realtor)

Private equity exec buys Wellington equestrian estate for $12M

Private equity exec buys Wellington equestrian estate for $12M
Weingarten Realty Investors Andrew M. Alexander and Village Green Center at 2803 South State Road (Credit: Google Maps)

Weingarten Realty pays $36M for Wellington shopping center

Weingarten Realty pays $36M for Wellington shopping center
Andreas Helgstrand and 13560 Indian Mound Road (Credit: Facebook, Relator, and iStock)

Helgstrand Dressage buys 80-acre Wellington equestrian estate

Helgstrand Dressage buys 80-acre Wellington equestrian estate
Glenn Straub (Credit: iStock)

Wellington developer Glenn Straub charged with larceny

Wellington developer Glenn Straub charged with larceny
David MacNeil, and 13700 Quarter Horse Trail, Wellington

WeatherTech founder buys Wellington estate for $23M

WeatherTech founder buys Wellington estate for $23M
Tommy Lee Jones and 12550 40th Street South (Credit: Getty Images, Zillow, and iStock)

Tommy Lee Jones sells Wellington equestrian estate for $11M

Tommy Lee Jones sells Wellington equestrian estate for $11M
Mark Bellissimo and the International Equestrian Center (Credit: Getty Images)

Mark Bellissimo buys land near International Equestrian Center

Mark Bellissimo buys land near International Equestrian Center
Mall at Wellington Green Barry Sternlicht (Credit: Google Maps)

CMBS loan for Starwood’s Mall at Wellington Green is in trouble

CMBS loan for Starwood’s Mall at Wellington Green is in trouble
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...