What do you get for a man who has everything? A whole street of Palm Beach County’s horse country, of course.
Microsoft founder Bill Gates reportedly just closed on a $13.5 millionWellingtonhome next to his ranch, and has plans to buy much more than that in near future.
The four-acre property at 3060 Mallet Hill Court was sold by local developer Stuart Roffman, GossipExtra reported. It has a 7,000-square-foot Spanish-style home and its own horse barn.
Gates’ current home at 3155 Mallet Hill Court
Gates already ownsthe neighboring 4.5-acre ranch at3155 Mallet Hill Court, the gossip column reported, which boasts its own 12,864-square-foot mansion. He bought that home for $8.7 million three years ago via a trust managed by attorney William McCaughan, who works for law firm K&L Gates — which was merged from a law firm Bill Gates’ father co-founded.
Bill Gates’ current ranch outlined and the other properties on Mallet Hill Court
This deal brings Gates’ holdings on the tiny street up to roughly 8.6 acres. But according to sources cited by GossipExtra, the billionaire isn’t stopping there. He’s either in negotiations or in contract to buy four more parcels on the street, which would make him Mallet Hill Court’s sole property owner, for a total of nearly 20 acres.
Three of those parcels are vacant lots measuring a little over an acre, while the fourth is a palatial ranch owned by James Kelly, Stephanie Kelly and Constance Grasso, according to county records.
So why would Gates want to buy out the whole street? Privacy concerns, a source told GossipExtra. The tech magnate beefed up security on the street when he purchased the first home, but the neighbors often hold social gatherings or train with horses.— Sean Stewart-Muniz
Author:Priscila Rouleau Phone: 702-523-4889 Dated: July 6th 2016 Views: 225 About Priscila: A native of Rio de Janeiro, Brazil, Priscila relocated to South Florida more than 16 years ago. Pris...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
"Margarita Zhemukhova very quickly found us the property we were looking for at a price we could afford. In working with her we found her to be always available to meet, very prompt in returning e-mails and phone calls (within minutes), pro-active in altering us to the next steps in closing and a pleasure to work with. I would definitely use her again and recommend her to anyone needing real estate services.