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Bill Gates Buys House In Palm Beach Area

June 26, 2013 by Billionaire Addresses

As reported by Jose Lambiets GossipExtra.com

After renting homes in Wellington for a total $1.1 million for two equestrian seasons, Microsoft founder Bill Gates finally became a Palm Beach County landowner!
Gates, the richest American, plunked down a paltry $8.7 million on a house with about 4 acres of pasture in the fancy Mallet Hill section of Wellington.
Of course Gates, 57, who may have as much as $67 billion to his name, paid with cold, hard cash.
Click here for the grand tour of Bill Gates’ new digs, plus those of dozens of local celebs
Property records show the house on Mallet Hill Court was bought by a secretive trust — the Mallet Hill Trust — from longtime owner and equestrian Linda Juckette.
One of the trustee is Bill McCaughan, a partner at the Miami branch of the Seattle-based K & L Gates. The law firm was founded by Gates’ dad and often represents Microsoft in legal matters.
“I have no comment about this purchase,” McCaughan said when asked if Bill Gates was indeed the buyer.
One neighbor who asked to remain anonymous, however, tells Gossip Extra residents are fully aware that Gates is the buyer after the homeowners association was approached to replace the enclave’s unmanned gate to a gate guarded by a worker 24/7.
Gates, wife Melinda and their family rented the same house for four months in January for $500,000, Gossip Extra reported then.
It was their second winter in Wellington, where teenage daughter Jennifer is training to become a world-class show jumping rider. She has competed in the Winter Equestrian Festival.
The property, meanwhile, boasts a 7,230-square-foot main house with four bedrooms and bathrooms. But it has show jumping training grounds and two barns with space for 20 horses.
With just 13 homes, Mallet Hill (which is not much of a hill at 3 feet above sea level) is becoming quite the hangout.
Gates’ neighbors include: New York City Mayor Michael Bloomberg; new arrival Frank McCourt (as first reported by Gossip Extra), who recently sold MLB’s Los Angeles Dodgers for $2.1 billion; Sulhail Rizvi, a private equity banker whose firm owns the rights to The Twilight Saga; and man-about-town Stuart Roffman, the entrepreneur owner of mega-yacht Lion Share.
Again, thank you to GossipExtra.com for this exclusive story. Please visit their site for all the latest south Florida news and gossip.

Update: Bill Gates decided that the security wasn’t good enough at this house so he decided NOT to buy after all. We will update you with any new purchases we hear of. Thank you.

This photo shows the entire 4 acre property

This photo shows the entire 4 acre property

The trees and shrubs covering the front of the home still hide the front today

The trees and shrubs covering the front of the home still hide the front today

Please Click Images To Enlarge

Side angle of Gates property under construction

Side angle of Gates property under construction

House and Stables that can hold up to 20 horses

House and Stables that can hold up to 20 horses

A closer aerial look at the Gates new property

A closer aerial look at the Gates new property

Please Click Images To Enlarge

Another aerial angle of Bill Gates New Wellington, Florida Property While Still Under Construction

Another aerial angle of Bill Gates New Wellington, Florida Property While Still Under Construction

Bill Gates New Wellington, Florida Property While Still Under Construction In 2008

Bill Gates New Wellington, Florida Property While Still Under Construction In 2008

Bill Gates daughter doesn't have far to go for her equestrian lessons

This photo shows you just how close the Gates property is to the Palm Beach International Equestrian Center

Another angle of the Palm Beach International Equestrian Center showing you how large the compound really is

Another angle of the Palm Beach International Equestrian Center showing you how large the compound really is

The Palm Beach International Equestrian Center which we are sure will be utilized by the Gates family for their daughters love of horses

The Palm Beach International Equestrian Center which we are sure will be utilized by the Gates family for their daughters love of horses

The billionaire and millionaire houses of Mallet Hill

The billionaire and millionaire houses of Mallet Hill

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