Two Swans Farm in Wellington Sold, Believed to be Close to $7 Million
8 years ago admin Comments Off on Two Swans Farm in Wellington Sold, Believed to be Close to $7 Million
WELLINGTON, Florida, Feb. 9–Two Swans Farm, a dressage showcase and a center of high performance training clinics, was sold at a premium auction Saturday. Carol Cohen who created and owned the property would not disclose the purchase price but it was believed to be near the asking amount of $7 million.
The buyer was a South American family that is active in jumping but have indicated they may extend their equestrian interests to dressage.
Wellington is the home of the Winter Equestrian Festival of 12 weeks of jumper and hunter competitions and the companion Global Dressage Festival of 10 international and national events.
The farm was created by Carol Cohen and her late husband, business magnate Alan N. Cohen, a former co-owner of the Boston Celtics and New Jersey Nets NBA teams, and was chairman and CEO of the world famous Madison Square Garden Corporation in New York City.
The property includes a luxuriously appointed 12-stall courtyard stables, a covered and mirrored riding arena measuring 80 by 220-feet (24 by 67m) extensive living quarters set on 10 acres (4Ha)
Training clinics by Steffen Peters and others were regular features at Two Swans.
In 2012, more than 45 residential or horse farm properties were sold in Wellington–16 sold for at least $4 million, including sales at $7.2 million, $9.1 million, $11 million and $15.5 million.
Coincidentally, Two Swans Farm is the second Wellington property of the same name and was built after Carol Cohen sold the original. The buyers of the first Two Swans that also has a large covered arena put it up for sale this week.