Trust tied to coal mining magnate buys 27-acre Wellington horse farm

The retired CEO of one of the largest IHOP franchise groups came to Wellington hungry and can leave happy, now that he’s sold his 27-acre equestrian estate.

Property records show Martin B. and Marcy L. Freedman sold the property at 4425, 4481 and 4545 Garden Point Trail, plus 4414 and 4428 Palm Breeze Trail, for $11 million. The buyer is Palm Breeze Point LLC as trustee of the Palm Breeze Point Trust, and lists the address of Fritz and Claudine Kundrun.