Sellers revealed: Polo champions among those who sold Lake Worth land to Pulte

Ruben Gracida and the late Stephen A. Orthwein, heir of the Busch family, sold more than 60 acres of land

May.May 07, 2018 10:30 AM

Gulfstream Polo Club and Stephen A. Orthwein

The private owners who collectively sold almost 70 acres of land near the former Gulfstream Polo Club in Lake Worth to Pulte Group include family members of the late beer magnate August A. Busch Jr., and polo champion Ruben Gracida.

Property records show the Orthwein family sold nearly 50 acres of land for $13.2 million through the companies Gulfstream Barn LLC and Kraml Property LLC, both led by the widow of American polo star Stephen A. Orthwein, as well as some immediate family members.

Orthwein passed away in early March. Records show the family bought the 50 acres of land in 2010 for more than $2 million. In 2007, Orthwein founded Okeechobee’s Port Mayaca Polo club. Gulfstream Polo Club closed in 2016, following Pulte’s initial acquisition of 100 acres for $49 million.

The Orthwein family members are heirs of the late beer magnate August A. Busch Jr., who expanded the Anheuser-Busch name worldwide in the 1950s. Busch’s paternal grandfather, Adolphus Busch, founded the beer industry giant, now called Anheuser-Busch InBev Worldwide Inc. The company is the producer, importer and distributor of well-known global brands like Budweiser, Stella Artois and Beck’s.

Last year, Orthwein’s family members, Robert R. Hermann Jr. and Peter Busch Orthwein each bought multimillion dollar homes in Palm Beach.

Records show Gracida sold about 10 acres of land in Lake Worth for $2.7 million. He was inducted into the Polo Hall of Fame earlier this year. He and his cousins Carlos Gracida and Guillermo Gracida are well known in the polo world for their championships. Records show Ruben bought the property in 2008 for $1.4 million.

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