A luxury equestrian estate in Wellington, Florida, is to be auctioned in February.
The impressive horse farm situated on nearly 10 acres will be sold to the highest bidder at or above a reserve of $US4 million. The property was previously listed for $US9.6 million.
Two Swans Farm is owned by Carol Cohen, a former dressage rider and a prominent figure in the equestrian community.
Cohen developed the property with her late husband, business magnate Alan N. Cohen. Mr Cohen was a former co-owner of the Boston Celtics and New Jersey Nets, and served as chairman and chief executive of the Madison Square Garden Corporation.
The property is exquisitely designed and impeccably maintained, with an Old World European style.
Features include a magnificent porte-cochere entry, grand courtyard, a covered and mirrored riding arena measuring 80 ft by 220 ft, 12 main stables, and Argentinian granite cobblestone walkways throughout.
There are also three grooming stalls, a designer tack room, storage rooms and offices, a computerized hot walker and eight separate paddocks.
Residential accommodation is divided into two main areas: the owner’s quarter, which offers two bedroom suites, two full and one-half bathrooms, and the separate groom’s apartment, which offers two additional beds, two full baths and volume ceilings.
An important signature of Two Swans Farm is intense attention to detail. Examples include the covered arena, video-monitored stables, 2-line pest control system (fly and mosquito), emergency backup generator powering the entire estate (with hook-ups to a 1500-gallon propane tank and 500-gallon gas tank), soft rubber walkways throughout the courtyard for protection of hooves, and, perhaps most importantly, a flood-mitigation and drainage design that keep the estate’s structures high and dry.
The property was built in 2003.
Platinum Luxury Auctions, a firm specializing in the auction of distinguished properties, is conducting the sale, to be held on February 9. Listing agent Matt Johnson, of Illustrated Properties Real Estate, an affiliate of Christie’s International Real Estate, is co-operating with Platinum on the transaction.
“This is one of the most unique horse properties I’ve handled,” says Johnson, a top sales agent in the Wellington market and also an accomplished equestrian.
Cohen said she elected to offer the property at luxury auction in order to move on with other goals in her life, such as traveling. “I was really attracted to the date certainty of the auction sale versus the waiting game of the brokerage process,” she said. “I know the real buyers will be there on February 9th.”
The village of Wellington in western Palm Beach County has come a long way from its humble beginnings as a strawberry-growing area.
It is now well known as a leading horse property marketplace and is the home of the annual Winter Equestrian Festival, an event that draws elite equestrian competitors – and their well-heeled sponsors and team owners – from around the globe.
Wellington is also home to the Palm Beach International Polo Club, which hosts nearly 30 polo matches a year.
As a result, the area is a sought-after destination for wealthy horse aficionados, and an ideal location for them to purchase property.
The Wellington real estate market was buoyant in 2012, registering 45 sales above $US1 million, including individual sales at $US7.2 million, $US9.1 million, $US11 million and $US15.5 million.
More details on the sale of the property: TwoSwansLuxuryAuction.com or call 1.800.262.5132.