Folhmatic CEO Sells Wellington Equestrian Estate for $13M

Folhmatic CEO Sells Wellington Equestrian Estate for $13M

By Brian Bandell – Senior Reporter, South Florida Business Journal

A company managed by Mauricio Ferreira Frizzarin, CEO of Brazilian software firm Folhmatic, sold an equestrian estate in Wellington for $12.85 million.

Sunset Lane Farm LLC, managed by Frizzarin, sold the property to Boston-based 15725 Sunset Lane LLC, managed by attorney Guy Rabideau. First Republic Bank provided a $7.71 million mortgage to the buyer. It was an off-market deal.

The property at 15725 Sunset Lane last traded for $10.5 million in 2018, so it sold for a nice gain.

The site spans 16.65 acres with 34,549 square feet of equestrian and residential buildings. It has 20 horse stalls, two tack rooms, a horse treadmill, a massive laundry room, two staff apartments, a kitchen, three practice arenas, a pool and a tennis court. There is also a five-bedroom house.

The home was built in 1980, and the equestrian facilities were added in 2013.

Wellington has become a popular destination for wealthy people to practice equestrian sports, so equestrian properties in the village often sell at a premium.

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