50-acre Jupiter, Florida, property situated just outside Palm Beach has just hit the market, priced at $22.9 million. Exquisite ranch inside the gated community of Ranch Colony belongs to Ted Weise, 70, the former CEO of Federal Express. Weise and his wife bought the land back in 2004 for $2.7 million, four years after he had retired from FedEx.
The property includes a nearly 12,000-square-foot home, a guesthouse and a barn with eight paddocks and additional living space. The Mediterranean style main home has five bedrooms, five full bathrooms and three half-baths. Other amenities include a 1,000 bottle wine cellar and a vault that doubles as a panic room.
The ranch also comes with horseback riding trails, a riding arena, an enclosed saltwater pool and a four-acre lake.