Bill Gates Rents Wellington Florida Equestrian Property For $ 600,000 for the Equestrian winter season here in Wellington. This home has eight bedrooms and is about 7,300 square feet. They rented the home from December to May.
Bill Gates is coming to Wellington Florida for his daughter Jennifer who is riding, training and competing in the equestrian events at our Winter Equestrian Festival that we have every year here. The house is hacking distance from the showgrounds and the Winter Equestrian Festival activities.
We are of course excited that the richest man in America is coming to Wellington. We have a lot of stars and notable diplomats and business people who spend their winters in Wellington for the equestrian season and polo season.
George Banks who is a real estate developer owns the house that Bill Gates rented out from him for the season. Most seasonal rentals in Wellington are from either November to April or December to April and some from January to April. For this small period of prime time in Wellington expect to pay at least double what an annual rental would be.
Bill Gates not only paid $600,000 for the seasonal lease but he also put in the lease an option to buy theTuscan Mansion that is worth $12.9 Million in Mallet Hill in Wellington.
Mallet Hill only has one entrance and is a gated community. All the homes in Mallet Hill are on 5 acres of land. Mallet Hill only has about 20 homes and ranches and this is a very safe area. The least expensive home in Mallet Hill is $1.5 Million.
New York City Mayor Michael Bloomberg also owns a home in Mallet Hill. He is Number 12 on Forbes lists of top 400 richest people. 26 of the top 400 Forbes list live in South Florida.
Madonna almost bought the same home last year that Bill Gates just leased.
We know the Equestrian area of Wellington and have sold vacant land, lots and equestrian homes here in Wellington. ( photo courtesy of Jose of gossipextra.com)
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