An expansive polo estate in Wellington that has been home to Venezuelan polo team Lechuza Caracas was sold for $17 million – less than half the original $39 million price tag on the 62-acre property – and now is back on the market.
According to a deed filed Oct. 13 with Palm Beach County, PBC Polo Properties LLC purchased the land at 4370 South Road from PF Polo Properties LLC. The latter corporation is managed by Emma Cisneros, who also manages La Lechuza Caracas LLC, according to Florida business records. PBC Polo Properties is owned by Palm Beacher Nate Ward, co-founder of private equity investment firm Palm Beach Capital.
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Every winter, the small town of Wellington, in southeast Florida, experiences a tremendous influx of some of the wealthiest people in the world.
From the Springsteens to the Bloombergs, to the families of Steve Jobs and Bill Gates, to Arab sheikhs and South American billionaires, it's a congregation of people with spectacular quantities of money.
No, they aren't gathering for some sort of business affair. They're coming for WEF: the Winter Equestrian Festival, which takes place every year from January to April on the hallowed grounds of the Palm Beach International Equestrian Center. The 12-week WEF has been the longest equestrian event of its kind for several years running, and it attracts riders at all levels of the sport.
Because of the costly nature of all things equestrian, it's no surprise that rich people and horses go hand in hand. But while some wealthy riders and owners are just in it for the glamour and prestige, some — like Georgina Bloomberg and Jessica Springsteen — are serious and successful competitors.
As WEF has grown over the years, it has turned Wellington into a winter oasis for the upper crust, who come to ride, mingle, and bask in the warm weather. But while the human amenities are nothing to sneeze at, the real luxuries are reserved for the horses. Here's an inside look at this star-studded fantasy world, where celebrities come to play and their four-legged companions reign supreme.
They may be less busy at the stove than their ancestors were, but today’s homeowners understand the value of welcoming and functional kitchens. Yes, they’re where we cook, but also where we lounge with a cup of tea or a glass of wine, read the paper while listening to music, respond to emails, or – perhaps most important – catch up with family and friends. Because they’re so crucial to establishing a home’s personality, kitchens should be as inviting as possible. As Christian Vermast of Sotheby’s International Realty Canada in Toronto notes, “The first place guests go to is not the parlour or the living room anymore, it’s the kitchen island.” Indeed, according to the 2016 Houzz Kitchen Trends Survey, some 60 per cent of homeowners spend more than three hours a day in their kitchens. “We have gone from seeing kitchens as strictly utilitarian to very much turning them into a lifestyle choice,” adds Vermast, who says buyers are seeking open-concept designs and hidden appliances, which make for a furniture-finished look. That look can be costly. Among those polled by Houzz, fifteen per cent spent more than $75,000 to transform their kitchens into high-end activity hubs. A recent survey by the American Institute of Architects also finds that kitchens have become the home’s command centre, where the calibre of appliances and appointments reflects the owners’ tastes. San Diego-based Jamie Gold, author of New Kitchen Ideas That Work, knows this well. Kitchens today should be “knock-your-socks-off gorgeous,” she says. “It’s about making an impression.
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Wellington is the landlocked center of all things equestrian amid the tropical paradise that is south Florida. Located about an hour and a half up the Atlantic coast to the north of Miami and about two and half hours southeast of Orlando, Wellington is the largest incorporated village in Florida with a population that swells during the busy season from the first week in January through the end of March.
It is home to the Winter Equestrian Festival (WEF), an international-level hunter-jumper circuit, at the Palm Beach International Equestrian Center (PBIEC), with the affiliated Global Dressage Festival (GDF), an equally highbrow dressage scene, at The Stadium at PBIEC just around the corner. The village also offers a healthy dose of polo at the International Polo Club Palm Beach where you can see high and mid-goal and junior matches each week.
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"We are experiencing massive growth in equestrian sport around the world, and Rio will be our perfect platform, putting equestrian in the limelight at the greatest sporting event on the planet." ....
Homebuyers across the world often ask themselves, "What is the best possible home I could find?" At Sotheby's International Realty, we ask similar questions to get to know our consumers in order to service them the best we can. In the recently published Sotheby's International Realty Luxury Lifestyle Report, we found some answers.
The National Association of Realtors said Wednesday that sales of existing homes climbed 3.2 percent last month to a seasonally adjusted annual rate of 5.49 million, the highest rate since February 2007. Sales have jumped 9.6 percent over the past 12 months, while the number of listings has risen just 0.4 percent.......
Homebuyers continued their spring stampede in May. In Palm Beach County, 1,739 homes traded hands, a 6 percent increase from a year earlier, according to the Realtors Association of the Palm Beaches. There were only four fewer sales in May than April, which was the county's best month since June 2004. Palm Beach County's median price was $295,400, up 5 percent from last year ...
Each Sunday evening of the winter months, a sea of girls in riding breeches, muddy paddock boots and fitted navy blazers crowds the JetBlue gateways in West Palm Beach, Fla., heading home to the New York area for the school week.
Julie Welles, daughter of Equestrian Sotheby's International Realty agent David Welles, was recently awarded the 2015 NARG riders' grant. The grant provides the winner with $15,000 USD for expenses within North America approved by the NARG Board.