Private equity exec buys Wellington equestrian estate for $12M

The property sold for $1.2M per acre

TRD MIAMI /
May.May 19, 2020 03:45 PM
Richard Roeder of Vance Street and 15130 Sunny Island Lane (Credit: Realtor)

Richard Roeder of Vance Street and 15130 Sunny Island Lane (Credit: Realtor.com)

UPDATED, May 21, 2 p.m.: A Los Angeles private equity executive bought an equestrian estate in Wellington for $12.2 million.

A company tied to Richard Roeder bought the 10.3-acre estate at 15130 Sunnyland Lane for $1.2 million per acre, records show. Ben Asselin and Kelly Koss of Calgary, Alberta sold the property.

The home has five bedrooms and six-and-a-half baths. It also has a large patio with an outdoor kitchen that overlooks the pool and Jacuzzi. The property features an 18-stall barn with two apartments and an owner’s lounge.

Matt Johnson with Engel & Völkers Delray Beach handled the sale.

The estate last traded in April 2011 for $2.9 million, records show. The home was built in 1998.

The family of Asselin and Koss owns the Spruce Meadows sports facility in Calgary, a 500-acre property with an equestrian show jumping complex.

Roeder is a managing partner at Los Angeles-based Vance Street Capital, a private equity firm that invests in middle-market businesses in the medical, industrial, aerospace and defense sectors, according to its website. Prior to Vance Street, he co-founded and served as a managing director of Aurora Capital Group.

Wellington is considered the winter equestrian capital of the world and is home to the who’s who of power players who have equestrians in the family. The families of billionaires such as Bill Gates, Michael Bloomberg and the late Steve Jobs, as well as celebrities Billy Joel and Bruce Springsteen, all have homes in the village.


Related Articles

arrow_forward_ios
Multifamily project in Palm Beach County advances

Multifamily project in Palm Beach County advances

Multifamily project in Palm Beach County advances
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
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
Tommy Lee Jones and 12550 40th Street South (Credit: Getty Images, Zillow, and iStock)

Tommy Lee Jones sells Wellington equestrian estate for $11M

Tommy Lee Jones sells Wellington equestrian estate for $11M
Mark Bellissimo and the International Equestrian Center (Credit: Getty Images)

Mark Bellissimo buys land near International Equestrian Center

Mark Bellissimo buys land near International Equestrian Center
arrow_forward_ios

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

Loading...