Ponying up: Wealth management magnate pays $14M for Wellington equestrian estate

Seller built the estate in 2020

Miami /
May.May 26, 2021 06:00 PM
Ruediger “Rudy” Adolf and 13664 Quarter Horse Trail, Wellington (Wikipedia/Focus Financial, Google Maps, iStock)

Ruediger “Rudy” Adolf and 13664 Quarter Horse Trail, Wellington (Wikipedia/Focus Financial, Google Maps, iStock)

Ruediger “Rudy” Adolf, the head of a wealth management firm, bought an equestrian estate in Wellington for $13.5 million.

Adolf and his wife, Mary Ann, purchased the nearly 2-acre property at 13664 Quarter Horse Trail from Elite Equestrian Estates LLC. The selling entity is managed by James Gray, who listed a New Haven, Connecticut address.

The Adolfs took out an $8.8 million mortgage from PNC Bank to finance the purchase, records show.

Originally from Austria, Rudy Adolf is chairman and CEO of New York-based Focus Financial Partners. Prior to founding the firm in 2004, he was senior vice president and general manager of American Express’ global brokerage and banking division, according to Focus Financial Partners’ website.

Gray purchased the property in 2017 for $12 million. Records show he filed to construct a single-family home as well as a pool, stables, paddocks, a riding arena and caretaker’s quarters in 2018. The estate was completed in 2020.

The property was listed in 2018 for $15 million. Carol Sollak of Engel & Volkers represented the seller.

The 5,208-square-foot main house has four bedrooms and five-and-a-half bathrooms. The 1.9-acre lot also features a two-bedroom, one-bathroom caretakers’ quarters; an eight-stall stable; three paddocks and an arena, according to the listing.

Wellington, considered the winter equestrian capital of the world, has attracted high-profile residents like Bill Gates and Michael Bloomberg, whose daughters are equestrians.

Properties are often outfitted for equestrian activities. Late last year, a member of the Cumberland Farms family bought an estate in Wellington for $8.2 million, and the president of a Brazilian software company sold an equestrian estate for $12.9 million.





    Related Articles

    arrow_forward_ios
    Residential sales fall in Southern Florida
    Residential sales fall in April across South Florida
    Residential sales fall in April across South Florida
    Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
    Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
    Another auto dealership magnate rolls into Palm Beach to buy a house for $19M
    From left: Stephen Macricostas and Andre Branch in front of 4535 Nautilus Court (Getty Images, Redfin)
    Buyer of Andre Branch’s former Miami Beach house flips it for $7M
    Buyer of Andre Branch’s former Miami Beach house flips it for $7M
    Worth Capital’s Charles “Rusty” Holzer and 13501 South Shore Boulevard in Wellington (Getty, Google Maps)
    Wellington real estate investor pays $16M for shopping center in own backyard
    Wellington real estate investor pays $16M for shopping center in own backyard
    LBCW Investments' Clay Hamlin III with 1100 25th Street and 1426 Skees Road (Loopnet, LBCW)
    Industrial play: Alliance HP trades one West Palm complex for another
    Industrial play: Alliance HP trades one West Palm complex for another
    Lennar's Eric Feder with 4042 Island Estates Drive (The Carroll Group, Lennar)
    Lennar’s Eric Feder sells waterfront Island Estates home in Aventura for record $12M
    Lennar’s Eric Feder sells waterfront Island Estates home in Aventura for record $12M
    Trippie Redd with 5600 Southwest 136th Avenue (Getty, iStock, Richard Lopez of Lopez Productions, Illustration by Shea Monahan for the Real Deal)
    Rapper Trippie Redd buys Southwest Ranches estate
    Rapper Trippie Redd buys Southwest Ranches estate
    Black Lion Investments' Robert Rivani and the Ritz-Carlton Residences at 4701 North Meridian Avenue in Miami Beach (Ritz-Carlton Residences, Black Lion Investments)
    Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
    Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
    arrow_forward_ios

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

    Loading...