The owner of a Merritt Island-based auto parts manufacturer paid $5.67 million last week to buy a 14-acre equestrian estate in Orlando, owned by a former Major League Baseball pitcher and World Series MVP.
Located in the 9000 block of Kilgore Road, the 13.96-acre property features a French country estate with 350 feet of shoreline on Pocket Lake, of the Butler Chain of Lakes.
Built in 1999, the main residence includes six bedrooms, 6.5 baths with water views from nearly every room, a grand spiral staircase, kitchen with European cabinetry and stone pizza oven, two-story stone fireplace and two-story wine cellar, according to sale listings online.
An 11,000-square-foot horse stable includes 15 stalls, full tack room, guest apartment, office and three riding rings. The property also features a boat dock, resort-style pool, tennis and basketball courts and detached 1/1 guest house.
The buyer was Adam M. Arnott, founder and owner of Arnott Air Suspension Products, who said he was drawn to the equestrian infrastructure on the property.
"Because of its horse stable and working farm space, it's a place I could keep my animals," Arnott said Wednesday. "It's just a hobby, but I have a few horses, chickens and goats."
Arnott's 25-year-old company manufactures aftermarket air suspension products and accessories, with 200 employees and a 300,000-square-foot manufacturing facility on Florida's Space Coast.
Arnott took out a mortgage of $4.2 million from PNC Bank to finance the estate purchase.
The sellers were Kathy M. Viola and Frank J. Viola Jr., the latter a former 14-year pitcher in the MLB with various teams. He won the World Series MVP in 1987 with the Minnesota Twins, and the AL Cy Young Award in 1988.
The Violas previously paid $1.025 million for the property in March 1995.
Arnott's current home -- a five-bed, 5.5-bath with 7,529 square feet of living area on Tibet Pointe Circle in Windermere -- is now on the market for sale. He previously paid $3.45 million there in February 2006.
Brian Teach, real estate agent for Coldwell Banker in Orlando, represented the buyer in the deal.