The Real Deal Miami

GM president buys $5.2M equestrian estate in Wellington

4.7-acre property hit market in 2015 asking $9.35M
By Amanda Rabines | December 18, 2017 01:06PM

2648 Appaloosa Trail and GM president Dan Ammann (Credit: Redfin and GM) 

He’s switching gears from horsepower to actual horses.

In his latest big purchase, General Motors President Daniel Ammann paid $5.2 million for an equestrian estate in Wellington, property records show.

The 5,262-square-foot estate at 2648 Appaloosa Trail traded to Ammann and his wife Pernilla for about $988 per square foot. Juan Ramirez and his wife Maria G. Vasquez De Ramirez were the sellers. Records show the couple purchased the 4.7-acre property in 2006 for $2.6 million.

The estate, built in 1998, includes a six-bedroom bedroom, five-and-a-half bathroom home and a 19-stall barn with a rider’s lounge, four wash stalls, five paddocks, a jumping arena and a five-horse walker. Features also include a two-bedroom, one-bathroom guest house and an infinity pool with a tiki hut and outdoor kitchen.

The property hit the market in 2015 with a $9.35 million price tag, according to Realtor.com. Last month, the price was reduced to $6 million, or 35 percent off its original asking price. Maria Mendelsohn of Douglas Elliman represented both sides in the deal.

Ammann was named president of GM in January 2014, after joining the company as its vice president in 2010. The company designs, builds, and sells automobiles and their parts internationally under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel, Vauxhall, Baojun, Jiefang and Wuling brand names. His wife Pernilla is the COO of New York City-based ad agency Mother New York.

Wellington is home to a number of wealthy equestrian enthusiasts, including Bill Gates’s family, Steve Jobs’s widow, the billionaire Laurene Powell Jobs, and Georgina Bloomberg, daughter of former New York City Mayor Michael Bloomberg.

Earlier this month, another Wellington equestrian estate in Grand Prix Village sold for $8.6 million.