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| Louise Folkesson |
WELLINGTON, FL, April 18, 2019 – Illustrated Properties, a member of The Keyes Family of Companies, has completed the $5 million sale of a seven-bedroom home on more than three acres near the site of the Wellington Equestrian Festival. Louise Folkesson of Illustrated was the exclusive listing agent in the transaction.
Located at 2488 Appaloosa Trail, the estate was built in 1994 and has seven bathrooms, 5,239 square feet of living space and 10,515 total square feet. The sale closed on April 1.
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| 2488 Appaloosa Trail, Wellington, FL |
Interior features include a gourmet kitchen, media room, gym, Sonos sound system, impact windows and newly upgraded bathrooms. The property also has a pool and center aisle barn with 12 matted stalls, two grooming stalls, two wash racks, a tack room, oversized arena and additional storage space.
The barn also comes with a two-bedroom grooms apartment with a full kitchen and a studio apartment with a kitchenette.
The barn also comes with a two-bedroom grooms apartment with a full kitchen and a studio apartment with a kitchenette.
Gyllebo Farm LLC is the seller and RSJ Real Estate LLC is the buyer, according to Palm Beach County records.
For Folkesson, a native of Sweden who studied Equine Science and spent several years in Wellington working in the equestrian industry before venturing into real estate, the sale is the most expensive she has closed for Illustrated. She is based in the firm’s Wellington office.
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| Mike Pappas |
The sale follows Illustrated’s prestigious recognition as the 2018 Member of the Year by Luxury Portfolio International®, the luxury marketing division of preeminent global network Leading Real Estate Companies of the World®.
The organization’s Member of the Year award recognizes the brokerage firm that most effectively utilizes the tools and strategies provided by Luxury Portfolio to produce impressive results. Illustrated generated nearly $1 billion in transaction volume in 2018.
“We congratulate Louise on her continued success serving her clients in Wellington,” Illustrated CEO Mike Pappas said. “This is yet another example of Illustrated’s unmatched output throughout the Palm Beach County luxury market.”
Engel & Volkers represented the buyer in the transaction.
In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands. Overall, Keyes and Illustrated generate more than $6 billion in annual revenue from their real estate service lines.
Keyes and Illustrated control more than 20 percent of the $1 million-plus market in northern Palm Beach County.
CONTACT:
Eric Kalis
Vice President
BoardroomPR
Bank of America Plaza | 1776 N Pine Island Road
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