New York company buys equestrian facility in Wellington

Property was on the market for rent at $432k per month

Miami /
Dec.December 01, 2017 03:45 PM

14942 Grand Prix Village Drive and Thomas Baldwin of Sotheby’s International Realty (Credit: Sotheby’s International Realty)

Just a month before the prestigious Winter Equestrian Festival, a New York-based company scooped up an equestrian facility in the nearby Grand Prix Village in Wellington for $8.6 million, property records show.

Grand Prix Village Drive LLC, a Delaware entity, bought the four-acre estate at 14942 Grand Prix Farms Drive. The property lies within the gated Grand Prix Village housing development that boasts more barns than mansions.

The seller is an Upperville, Virginia-based company, led by Ann C. Thompson. Records show Thompson bought the property from equestrian festival owner Mark Bellissimo in 2014 for $3.7 million. Construction of the facility began that same year, according to a notice of commencement filed with the county.

Tom Baldwin of Equestrian Sotheby’s International Realty brokered the deal. He was not immediately available to comment. Features of the facility include a 22-stall stable, staff apartments, eight paddocks, an all-weather ring and a covered five-horse walker.

14942 Grand Prix Village Drive (Credit: Sotheby’s International Realty)

The property was also on the market to rent for $432,000 per month, according to Baldwin’s online listing. A full barn rental amounted to $352,000 a month, or $16,000 per stall. The two-story, two-bedroom, two-bathroom penthouse on the property was also available to rent for $10,000 a month.

Celebrities like Bill Gates, athletes, world-famous musicians, and CEOs of million-dollar companies have all flocked to Wellington for WEF, which takes place every year from January to April on the grounds of the Palm Beach International Equestrian Center. The 12-week WEF has been the longest equestrian event of its kind for several years.

In 2014, Athina Onassis Roussel, the only surviving descendant of Greek shipping magnate Aristotle Onassis, also bought property in Grand Prix Village from Bellissimo. She paid $12 million in cash for 5.6 acres.


Related Articles

arrow_forward_ios
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Glenn Straub and 2855 Hurlingham Drive (Casino.org, Google Maps)
Glenn Straub buys Wellington estate for $9M
Glenn Straub buys Wellington estate for $9M
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
arrow_forward_ios

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

Loading...