Dan Ammann, General Motors President, has made a new real estate purchase and it has nothing to do with cars. In fact, it has everything to do with the automobile’s predecessor, the horse.
Real estate records show Ammann purchased a 4.7-acre horse estate for $5.2 million in Wellington, Florida, The Real Deal reported on Monday. The original asking price for the estate was $9.2 million when it went on the market in 2015. The last time the estate sold was in 2006 for $2.6 million.
It’s a grand piece of real estate, too. The lot was built in 1998 and includes six bedrooms, five and a half bathrooms and a guest house with an infinity pool, tiki hut and outdoor kitchen. Ammann, who we didn’t know was keen on horses, will also have a 19-stall barn at his disposal with four wash stalls, five paddocks, a jumping arena and a five-horse walker.
Back in 2015, Ammann also made another major real estate purchase in GM’s hometown of Detroit. The executive purchased the Fisher Mansion for $1.55 million. It was originally built in 1926 for one of the brothers of the Fisher family auto body business.