Medical device inventor sells Wellington equestrian estate

The Fleischhackers previously sold another Wellington estate to a company tied to billionaire J.B. Pritzker

TRD MIAMI /
May.May 06, 2019 02:30 PM
14136 Equestrian Way (Credit: Zillow)

14136 Equestrian Way (Credit: Zillow)

A Minnesota medical device scion whose family is credited with spurring on the state’s medical technology industry sold his Wellington estate for $5.5 million.

John Fleischhacker and his wife, Daveanna, sold the 3.6-acre property for $400 per square foot, records show.

The estate is located at 14136 Equestrian Way and has four bedrooms and three-and-a-half bathrooms. The buyer is a Florida company, Hermitage Farm South LLC, records show.

The Fleischhacker family founded Lake Region Medical which was a major supplier of pacemaker parts to Medtronic, the largest medical device company in the world.

Fleischhacker left the family company in 1974 to start another medical device firm, Daig Corp, which he sold in 1996 to St. Jude Medical for a reported $427.5 million, according to the Star Tribune.

The listing agent for the estate was Travis Laas of Engel & Volkers Wellington. The buyer was represented by Roberta Feinberg of Illustrated Properties.

Feinberg said the buyer is an equestrian rider who purchased the site to be close to the Winter Equestrian Festival. Previously, he or she was renting a site and chose to buy instead.

The estate was last purchased for $7.5 million in March 2017, meaning the property sold for a 26 percent discount from its last sales price.

14136 Equestrian Way (Credit: Zillow)

14136 Equestrian Way (Credit: Zillow)

The estate includes a 14-stall barn with a two-bedroom, two-bathroom guest house or grooms quarter. It also includes a fully fenced backyard with a covered patio and a pool.

Last November, a Chicago-based company tied to billionaire J.B. Pritzker, the governor-elect of Illinois, bought another equestrian estate in Wellington from the Fleischhackers. The estate at 3202 Grand Prix Farms Drive sold for $12.1 million.

Wellington, a small town in central Palm Beach County, is regarded as the equestrian capital of the United States. It hosts the Winter Equestrian Festival every year at the Palm Beach International Equestrian Center, which brings some of the top riders in the world to South Florida.

Many wealthy celebrities have bought estates in the area. In 2018, Billy Joel bought a horse ranch in Wellington for $3.5 million. Joel, 68, bought the five-acre ranch for his fourth wife, 36-year-old Alexis Roderick, an experienced equestrian rider.


Related Articles

arrow_forward_ios
Neil Hirsch and Coach House (Getty)

Saddle up: Sales launch at Wellington luxury condo development aimed at polo players

Saddle up: Sales launch at Wellington luxury condo development aimed at polo players
Richard Roeder of Vance Street and 15130 Sunny Island Lane (Credit: Realtor)

Private equity exec buys Wellington equestrian estate for $12M

Private equity exec buys Wellington equestrian estate for $12M
Gables Town Colony apartment complex, Sue Ansel of Gables Residential

Gables Residential scores $85M loan for Boca Raton apartment complex

Gables Residential scores $85M loan for Boca Raton apartment complex
Weingarten Realty Investors Andrew M. Alexander and Village Green Center at 2803 South State Road (Credit: Google Maps)

Weingarten Realty pays $36M for Wellington shopping center

Weingarten Realty pays $36M for Wellington shopping center
Andreas Helgstrand and 13560 Indian Mound Road (Credit: Facebook, Relator, and iStock)

Helgstrand Dressage buys 80-acre Wellington equestrian estate

Helgstrand Dressage buys 80-acre Wellington equestrian estate
Glenn Straub (Credit: iStock)

Wellington developer Glenn Straub charged with larceny

Wellington developer Glenn Straub charged with larceny
David MacNeil, and 13700 Quarter Horse Trail, Wellington

WeatherTech founder buys Wellington estate for $23M

WeatherTech founder buys Wellington estate for $23M
Broadstone City Center with Alliance Residential’s Bruce Ward and Nuveen CEO Jose Minaya

Nuveen pays $103M for West Palm luxury apartments

Nuveen pays $103M for West Palm luxury apartments
arrow_forward_ios

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

Loading...