Athina Onassis sells Wellington horse farm for $12.75M

Athina Onassis sells Wellington horse farm for $12.75M

Wednesday, April 5, 2017

3674 Grand Prix Farms Drive in Wellington and Athina Onassis Roussel

Athina Onassis Roussel, the Greek shipping heiress, just sold her horse farm in Wellington for $12.75 million.

Palm Beach County records show the buyer of 3674 Grand Prix Farms Drive is Candy Trust LLC, linked to the New York family office TAG Associates that handles portfolio management for multiple wealthy clients, according to its website.

Marley Goodman Overman of Illustrated Properties represented the buyer and Maria Mendelsohn with Douglas Elliman represented the seller.

The Wellington property includes a 20-stall barn on the main level and a two-bedroom two-bathroom owners’ apartment on the second level, with a balcony that overlooks the riding ring and grass field, said Nicolette Goldfarb, an agent with the Overman Group. The property spans 11,246 square feet of indoor space on 5.62 acres. The price equates to $1,134 per square foot.

“It was sold completely turnkey,” Goldfarb said, an included furnishings, a horse treadmill, an aqua treadmill for horses, outdoor furniture, an outdoor kitchen with a Brazilian rodizio barbecue, multiple golf carts and other off-road vehicles, Goldfarb said.

“Five acres in this community is a rarity,” she said. “Most parcels are smaller with less room for paddocks and green space.”

The property is adjacent to the Palm Beach International Equestrian Center, the home of the annual Winter Equestrian Festival.

The new owners, who she declined to name, plan to keep the property for personal use. “They weren’t able to use it this season but the next horse show season they will be there.” The season runs from late November through April, Goldfarb said.

Onassis, a well-known equestrian athlete and owner of AD Sport Horses, had purchased the property for $12 million in 2014 from equestrian festival owner Mark BellissimoShe bought it semi-finished and added such features as screened-in areas, remote-controlled shades and a security system, Goldfarb said.

In 2015, Onassis Roussel, the only surviving descendant of Greek shipping magnate Aristotle Onassis, bought two vacant plots of land in Wellington, with plans for a $2 million spec home on the site. Onassis, the sole heir of Aristotle’s daughter Christina Onassis, spent $1.25 million for the two vacant lots surrounding the spec home at 3173 Blue Cypress Lane in Palm Beach, according to Palm Beach County records.

Wellington is filled with other high-end equestrian estates, owned by the billionaire families of Bill Gates, Michael Bloomberg, and Steve Jobs, among others.


Source: The Real Deal