12428 Cypress Island Way (Google Maps, Getty)
A private fairness manager acquired a spec mansion in Wellington for $9.5 million from a retired hedge funder.
Data demonstrate Marc Denis Oken, as trustee, acquired the house at 12428 Cypress Island Way from Cypress Equestrian LLC, managed by Maurice Perkins III.
Oken co-founded the Charlotte, N.C.-based personal fairness firm Falfurrias Management Associates with Hugh McColl Jr. in 2006. Prior to that, Oken was CFO of Lender of The us, and McColl was the bank’s CEO and chairman. Oken’s daughter, Alise Oken, is a demonstrate jumper.
Perkins is the retired co-founder of MPK Cash Administration, a New York-based mostly hedge fund that oversees a multibillion-greenback portfolio. He retired in 2011, in accordance to a company announcement. Perkins’ spouse Debbie Perkins is an equestrian and rides in Wellington.
David Welles of Equestrian Sotheby’s International Realty represented the seller, and Mark Norman of Douglas Elliman introduced the buyer.
Information present Perkins purchased the property for $725,000 in 2012. The listing states the 8,845-sq.-foot residence was completed past year. The mansion includes 5 bedrooms and 6 and a 50 % bathrooms and sits on .7 acres in the Cypress Island community, in close proximity to the Cypress Golfing Club and the Palm Beach Polo Club.
Perkins also owns the equestrian estate at 14775 Equestrian Way, in accordance to documents. The 7.3 acre home is on the market place for $22.5 million. Documents present Perkins acquired it via an LLC in 2011 for $3.3 million. Welles has the listing, which reveals the estate includes 7 bedrooms and 14 loos, as well as a barn with 14 horse stalls.
The horse-dominated town of Wellington is gearing up for its busy winter season year, when the worldwide equestrian neighborhood gathers for quite a few months of polo and leaping competitions. It is a active time for real estate there, as effectively.
This thirty day period, an Irish jumper sold his equestrian estate for $14 million. A previous Enron government sold his equestrian estate in May perhaps for $8 million. Bill Gates offered an equestrian estate for $26 million in March.
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