The president of a Brazilian software company sold his equestrian estate in Wellington for $12.9 million.
A company managed by Mauricio Ferreira Frizzarin sold the 16-acre property at 15725 Sunset Lane to 15725 Sunset Lane LLC. The buyer is tied to Pabian & Russell LLC, a law firm in Boston.
The buyer financed the purchase with a $7.7 million mortgage from First Republic Bank.
It hit the market in March 2019 for nearly $15 million. Rodolfo Maya of Illustrated Properties listed the home, while Kristina Lloyd with Douglas Elliman represented the buyer.
The 5,767-square-foot home was built in 2016. The property comes with six bedrooms, six bathrooms, a pool, basketball and tennis court, and an equestrian facility with a 20-stall center aisle barn, four grooming stalls, two tack rooms and an outdoor arena and derby field.
Wellington, an equestrian town, has seen a number of high-priced sales this year.
Last month, the founder of a private equity firm bought a newly built spec mansion in the Palm Beach Polo and Country Club for $5.3 million. Earlier in the year, a Los Angeles private equity executive bought an equestrian estate for $12.2 million and an 80-acre estate sold for $17.5 million in January.