Member of one of Canada’s wealthiest families buys Wellington estate

Robert Irving paid $11.5M for the 10.7-acre property

Miami /
Jun.June 05, 2018 08:45 AM

Robert Irving and the estate

A member of a family described as one of North America’s most secretive business dynasties paid $11.5 million for a Wellington estate.

Property records reveal a company led by Robert K. Irving bought the 10.7-acre property at 15044 and 15096 Natures Point Lane from Franklin and Laura Lee Montross. Irving is part of the Irving family that controls Irving Oil, a giant Canadian gasoline, oil, and natural gas producing and exporting company.

Martha Jolicoeur of Douglas Elliman represented the buyer and seller. She declined to comment on the deal.

The sellers paid a combined $2.4 million for the properties between 2007 and 2012 and built the five-bedroom, six-and-a-half bathroom house in 2010.

Irving financed his Wellington estate with a $8.63 million mortgage from BMO Harris Bank. Wellington attracted many wealthy homebuyers due to its proximity to equestrian ranches, including Bill Gates and his daughter Jennifer, Laurene Powell Jobs and Billy Joel. 

The Irving family is the largest landowner in the state of Maine, according to the Wall Street Journal. They are reportedly one of the wealthiest families in Canada, owning interests in oil, lumber and shipbuilding and has estimated net worth of about $8 billion.


Related Articles

arrow_forward_ios
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)

South Florida’s pandemic-fueled residential market poised for bull run in 2021

South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
3405 Southfields Road (Getty, Cumberland Farms, Redfin)

Cumberland Farms family member buys Wellington equestrian estate for $8M

Cumberland Farms family member buys Wellington equestrian estate for $8M
Wellington equestrian estate at 15725 Sunset Lane (Redfin, iStock)

Brazilian software exec sells 16-acre Wellington estate for $13M

Brazilian software exec sells 16-acre Wellington estate for $13M
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Ashok Nayyar and 2505 Cypress Island Court, Wellington (Sotheby's, iStock)

Private equity honcho buys Wellington mansion for $5M

Private equity honcho buys Wellington mansion for $5M
John K. Markey and a map of the area

JKM’s mixed-use development in Wellington advances

JKM’s mixed-use development in Wellington advances
Multifamily project in Palm Beach County advances

Multifamily project in Palm Beach County advances

Multifamily project in Palm Beach County advances
arrow_forward_ios

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

Loading...