Unique Land Acquisition Opportunity Hobe Sound Polo Clubs3.amazonaws.com/loa.data/inv/1111995/Hobe Sound...airstrips, a gated equestrian community for a variety of equestrian sports,

Unique Land Acquisition Opportunity

Hobe Sound Polo Club

2645 SE Bridge Road · Hobe Sound · Florida · 33455

Lot Size 1,757 acre / 2.73 mi2 Asking Price $ 47,250,000 www.engelvoelkers.com/Jupiter Property ID: E-00134M

Unique Land Acquisition Opportunity 2645 SE Bridge Road • Hobe Sound • Florida • 33455

Ken Meierling · Mobile +1-561-602-4333 [email protected] 400 S US Highway One · Suite 3 · Jupiter · FL 33477 Engel & Völkers Jupiter Real Estate · Phone +1-561-744-8488 Licensee of Engel & Völkers Florida Residential, LLC

Property ID: E-00134M

Property Details – Hobe Sound Polo Club

Lot Size 1,757 acre / 2.75 mi2

Equestrian Complex 120 acre

Polo Fields 5

Equestrian Properties 2

Stalls 12 & 24

Zoning AG20 (1 unit per 20 acre) Rural Density (1 unit per 2 acre)

Price $ 47,250,000

Price / Acre $27,000

History It all began with a dream for an equestrian community unlike any other, a vision shared by equestrian enthusiasts of all disciplines. Polo has been a high-class staple in Palm Beach County in Florida for years. With rising real estate costs and practice space slowly disappearing to development in Wellington, considered the epicenter of polo in the United States, Florida polo was northbound. Enthusiasts branched out in search of good, open land in a quiet, sophisticated environment and found it in Hobe Sound, Florida, a seaside town in southern Martin County, only 30 minutes from Wellington on the outskirts of famous Jupiter Island. Hobe Sound provided the ideal location, especially unique for an equestrian paradise. While being surrounded by Florida’s finest wide open spaces and natural beauty, it still lies in close proximity to nearby convenience, such as the areas finest award-winning beaches, shopping, dining and oceanfront living. With the purchase of 1,757 acres of citrus groves along Bridge Road in Hobe Sound, just East of Interstate 95 and the Florida Turnpike, the Hobe Sound Polo Club was founded in 2006. The property provides for a stunning setting and lies alongside the Atlantic Ridge State Park, an immense nature preserve, which will never be touched by man and contains many miles of equestrian trails. More than $20m has since been invested in structural and infrastructure development, in creating the setting of a gated, equestrian community. A significant portion of the property has been properly leveled, fenced (in the style of a Kentucky horse farm), thoroughly landscaped and an adequate irrigational drainage system was put in place. A state-of-the-art, 120-acre equestrian complex, with five regulation-size polo fields, two irrigated stick and ball fields, a practice field, two-paddock sites and a ¾ mile exercise track fronts Bridge Road. The Hobe Sound Polo Club hosted numerous international team practices and several U.S.P.A. tournaments in its young history. The polo fields and facilities have received top marks from the polo community and have been described as the best polo fields in the South Florida area. The Florida real estate recession, which began in 2008 and lasted four years, caught up with further development of the Hobe Sound Polo Club and now provides this once-in-a-lifetime opportunity. This offering represents a unique opportunity to acquire a 1,757 acre private ranch, sportsman’s retreat, nature preserve and one-of-a-kind gated equestrian community within a beautiful setting.




Property Description The Hobe Sound Polo Club encompasses 1,757 acres of improved “high and dry” Florida land. An elegant gated entry welcomes guests, with oak and palm trees and paved roads to provide a dramatic entrance. The developer didn’t spare any expense in creating a 120-acre equestrian complex. It consists of five championship, irrigated polo fields, two irrigated stick and ball fields, a practice field, two-paddock sites and a ¾ mile exercise track. In addition the property features two completed, 20-acre ranches with their own polo fields and working 12- and 24-stall barns with grooms‘ quarters and owners‘ studios. Hundreds of acres have been fenced with miles of three-rail wooden fences, providing extensive paddocks and pastures. In addition to the extensive bridle trail network within the property’s boundaries, the stunning park system surrounding the property makes this location unequalled. The adjacent 8,000-acre Atlantic Ridge State Park includes miles of equestrian trails so vast one can ride all day and not pass the same tree twice or contend with vehicular traffic. The State Park will also be a habitat to many threatened and endangered species of plants and animals and will forever preserve the pristine native Florida land. Another equestrian trail system is located in nearby Jonathan Dickinson State Park. Set amidst some of Florida's finest nature preserves, recreational parks and equestrian trails, Hobe Sound Polo Club’s atmosphere and magnificent surroundings provide ideal conditions for recreation in peace and harmony, where the beauty of nature will always dominate the presence of man. The property‘s pristine atmosphere, coupled with the sheer wide expanse of land is perfect for those who value privacy, privilege, the equestrian lifestyle and great outdoors from the cool mornings, as the sun rises over the lush green fields, to the spectacular sunsets, when the tropical Florida sun sets over the polo fields. Its location so close to the Atlantic Ocean provides stiff ocean breezes that are not common in some of Florida’s other inland equestrian communities. The property benefits from several unusual features, including the following:

120-acre polo and equestrian complex including 5 fully irrigated polo fields, practice fields, a ¾ mile track, stabilized parking and loading areas, an office and clubhouse.

Two separate fenced equestrian complexes, each totaling 20 acres and including polo fields, barns with 12 and 24 stalls, grooms’ quarters and owner’s studios.

A fully landscaped and gated entrance. Approximately 325 acres of fenced, cleared and grubbed land ready for development. Hundreds of acres of “high and dry” cleared but unimproved land and former citrus groves

currently utilized as cattle pasture. Approximately 1.75 miles of paved interior roadways. An irrigation and drainage system including fire lines and pumps, irrigated fields, various wells. Conservancy district-maintained drainage and irrigation ditches. A plat and subdivision plan which allows for the easy sale of portions of the property.




An Army Corps of Engineer jurisdictional designation that recognized the property free of any significant wetlands or natural habitat areas.

Part of the Hobe-St. Lucie Conservancy district that provides third party management of irrigation and drainage functions as well as the potential to bond or finance for future infrastructure improvements.

Designated agricultural use which provides for low real estate taxes and low carry costs.

Onsite Structures Single family house (2 BR) previously used as watchman’s residence and construction office

(adjacent to Polo Drive entrance) Small clubhouse/business office (adjacent to polo fields at main entrance/Polo Drive) Equestrian Estate Property, 24-stall barn with fully furnished owner’s studio and 2-bedroom

grooms’ quarters (Lot 1) (see below for a detailed description) Equestrian Estate Property, 12-stall barn with owner’s studio and 2-bedroom grooms quarters

(Lot 34) Various sheds, garages, storage buildings

Equestrian Property (Lot 1) A custom built, fully equipped 13,500 sqft CBS barn with private USPA regulation size polo field on a fenced 20-acre estate, including an expansive club room complete with full kitchen and bath with outdoor seating overlooking the private polo field; beautifully finished 2 bedroom, 1 bath grooms‘ quarters with full kitchen and living room; laundry and separate bath; tack, feed and hay rooms. Fine finishes throughout include 10-foot wide stained tongue and groove covered walkways with vaulted stall areas, granite countertops and custom cabinetry. The 24-stall barn provides galvanized steel/wood partitions by Classic Equine Equipment, Inc., Shoo-fly automatic insect control misting system and individual water tap and electric outlet in each stall. Corral areas include two washing stations and detached manure bin.

Equestrian Property (Lot 34) A custom built, fully equipped 10,800 sqft CBS barn with private polo practice field and two stocked fish ponds on a fenced 20-acre estate, including an expansive club room complete with full kitchen and bath, a beautifully finished 2 bedroom, 1 bath grooms‘ quarters with full kitchen and living room; laundry and separate bath; tack, feed and hay rooms. The 12-stall barn provides galvanized steel/wood partitions by Classic Equine Equipment, Inc., Shoo-fly automatic insect control misting system and individual water tap and electric outlet in each stall. Corral areas include washing stations and detached manure bin.

Potential This is a very unique opportunity to own a one-of-a-kind gated equestrian community. The underlying land use of this piece of paradise offers limitless opportunities, and could allow for shooting ranges, high-fenced hunting operations, golf courses, exotic wildlife rehabilitation facilities and sanctuaries, airstrips, a gated equestrian community for a variety of equestrian sports, horse breeding operation – or a combination thereof. The most stunning of all would be the use as a one of a kind private ranch or sportsman’s retreat.




Location The property is located on Florida’s east coast, north of Palm Beach, between the seaside towns of Jupiter and Stuart, in a town called Hobe Sound. The area is well known for its world-famous white sandy beaches, unblemished parks, fresh and saltwater fishing and excellent golf courses. Situated alongside a peaceful stretch of Bridge Road, within wide open land and adjacent to the Atlantic Ridge State Park, the property is truly in the middle of it all. Nestled conveniently one mile east of I-95 and the Florida Turnpike, just minutes from legendary Jupiter Island, with its grand oceanfront estates and less than 30 minutes away from the renowned equestrian center of Wellington, home to the Palm Beach International Polo Club. This highly sought after location is especially unique for an equestrian paradise, being surrounded by Florida’s finest wide open spaces and natural beauty, while in harmony with nearby convenience. The property’s convenient location puts it within 30 minutes of the Palm Beach International Airport or two hours to the Miami International Airport. The closest private / general airport is the Witham Field Airport in Stuart, which is less than 20 minutes away.










Survey

A detailed survey is available on request.




Future Land Use: Agricultural & Rural Density







Property Entrance 24-Stall Barn, Lot 1

Clubhouse Polo Field 1 behind Clubhouse

Fenced pasture Fenced pastures




Equestrian Estate with 12-stall barn, Lot 34 Driveway to Equestrian Estate, Lot 34

Barn, Lot 1 Barn, Lot 34

Atlantic Ridge State Park Polo Match




Stalls, Lot 1 Stalls, Lot 1

Polo Match Driveway to barn

Sunsets Coming home, Lot 34




Polo Tournament at Hobe Sound Polo Club Polo Tournament at Hobe Sound Polo Club

Hobe Sound Polo Club – Practice Hobe Sound Polo Club - Practice




Hobe Sound Polo Club - Practice Polo Tournament at Hobe Sound Polo Club

Horses and Barn Just Horses




Land Land

Land Land

Land Land




Terms of Sale The property, as previously described herein, is offered at $47,250,000 Cash or at Terms acceptable solely at the discretion of the Seller. The terms for sale are as follows:

1. All offers to purchase or letters of intent must be in writing.

2. All Prospective Buyers must demonstrate to the satisfaction of the Seller unquestionable financial capability to purchase the property prior to scheduling an inspection of the property.

3. The Seller will provide and pay for an owner’s title insurance policy.

4. Machinery and equipment will be transferred via bill of sale at Closing.

5. Buyer’s Brokers are welcome and invited to contact Ken Meierling at our Jupiter office for information regarding Cooperation Policies.

6. Any additional documentation provided to Prospective Buyers and their Agents related to and expanding upon the information contained in this brochure will be subject to terms of a Confidentiality Agreement to be signed by the Prospective Buyer and their Agents prior to the delivery of such documentation.

This brochure is subject to errors, omissions, prior sale, change or withdrawal without notice and approval of purchase by the Seller. Information regarding land classification, acreage etc. are intended only as general guidelines and have been obtained from a source deemed reliable; however, accuracy is not warranted or guaranteed by the Seller or Engel & Voelkers Jupiter. Prospective Buyers should verify all information to their sole and complete satisfaction. At Closing of purchase, the Buyer will state in writing that such investigation has occurred and the Buyer is satisfied with the property and its suitability for the intents and purposes of the Buyer. Engel & Voelkers Jupiter has been authorized by the Seller, to act as their Exclusive Real Estate Agent on the sale of the property. Since 1977 this company has primarily focused on the brokerage of fine international real estate, with property shops in over 36 countries.

For More Information Contact:

Ken Meierling – Broker

Exclusive Listing Agent Engel & Völkers Jupiter

400 S US Highway One, Ste 3, Jupiter, FL 33477 Cell: 561-602-4333 Office: 561-744-8488

[email protected]

Documents

Unique Land Acquisition Opportunity Hobe Sound Polo Clubs3.amazonaws.com/loa.data/inv/1111995/Hobe Sound...airstrips, a gated equestrian community for a variety of equestrian sports,