Billionaire Bill Gates Buys Florida Equestrian Estate for $8.7 Million

    Posted by Cristin  |  June 26, 2013  |  1:07 pm  |  Tags: , , , , , , , , ,

    JUSTIN LANE / EPA

    Bill & Melinda Gates

    Wellington, FL

    Most Known For

    Founder and former CEO of Microsoft, current global philanthropists

    Home Stats

    4 bedrooms, 6 bathrooms, 7,234 square feet, equestrian facilities

    Price

    $8,700,000

    Billionaire Microsoft founder-turned-philanthrapist Bill Gates and his wife Melinda have just purchased an expansive equestrian estate in Wellington, Florida for $8.7 million. Nestled in an exclusive community, the mansion will be home base for the Gates family when they spend time in the area while their teenage daughter competes in prestigious equestrian competitions.

    Gossip Extra is reporting that the Gates family paid in cash for the four-bedroom home in the extra-exclusive Mallet Hill neighborhood, which has just 13 homes. NYC Mayor Bloomberg is reportedly also a resident of Mallet Hill.

    The property has a 4 bedroom, 6 bathroom, 7,000-square-foot main house with training grounds and space for 20 horses.

    The Gates’ previously rented this home for $500,000 and have spent about $1.1 million renting homes in the area before making this purchase.