Illinois governor-elect J.B. Pritzker buys South Florida equestrian estate for $12.1M

The billionaire bought a 6.44-acre property with 30 stalls in Wellington, where Bill Gates and other wealthy owners also have equestrian estates

Nov.November 10, 2018 10:30 AM

3202 Grand Prix Farms Drive in Wellington (Credit:

A Chicago-based company linked to billionaire J.B. Pritzker, the governor-elect of Illinois, bought an equestrian estate near West Palm Beach for $12.1 million.

The company, 3 Flamingos LLC, bought the 6.44-acre property in Wellington, which has 30 stalls, paddocks and a riding area.

Illinois governor-elect J.B. Pritzker (Credit:

Pritzker’s brother-in-law Thomas J. Muenster is the manager of 3 Flamingos LLC, and the limited liability company’s Chicago address is 111 South Wacker Drive, Suite 4000, the same address as the Pritzker Group, a private equity firm.

Pritzker, the founder of the private equity firm, was elected governor of Illinois on Nov. 6 after spending $171.5 million on his campaign.

His personal net worth is $3.2 billion, according to business magazine Forbes. Pritzker made a fortune from the Hyatt hotel chain. His uncle founded the Hyatt business and his father ran it.

Pritzker’s company 3 Flamingos LLC paid $1.87 million per acre for the estate at 3202 Grand Prix Farms Drive in Wellington, where billionaire Bill Gates and other wealthy owners have acquired equestrian properties.

Pritzker’s property in Wellington, built in 2007, has 27,224 square feet of buildings, including rental housing for staff. The property does not have a main house.

Jim Corbin of brokerage firm Illustrated Properties represented 3 Flamingos LLC in the Wellington property sale.

Amy Carr with the Wellington office of brokerage firm Engel & Volkers represented the sellers, John J. Fleischhacker and Daveanna R. Fleischhacker.

John J. Fleischhacker is the founder of a medical device firm in Minnesota called Daig Corp., which was acquired by St. Jude Medical. [South Florida Business Journal]Mike Seemuth

Related Articles

Glenn Straub and the Palm Beach Polo and Country Club property (Credit: Google Maps)

Glenn Straub sells piece of Wellington polo club after failed development attempt

Daily Digest Miami

How Epstein hid ownership of second island, CK Holding Group buys Miramar retail: Daily digest

Daily Digest Miami

Felix Cohen buys two vacant lots on North Bay Road, Controversial Walmart site in Midtown Miami sells for $26M: Daily digest

Daily Digest Miami

Alleged Russian fraudster is co-owner of condo project in Chapter 11, Miami Design District property under contract: Daily digest

Construction of downtown Hollywood high-rise may start soon

Jeffrey Epstein commits suicide by hanging himself in his Manhattan jail cell

Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B

South Florida firm buys Sunrise apartment complex for $20.2M