The Mediterranean-style residence is vastly different and much smaller than Gates’ high-tech and modern compound spanning over 5 acres with 50,050 square feet of living space on Lake Washington, about 8 miles east of Seattle.

The home Gates just purchased in Wellington is reportedly a residence he and his family rented last year in January while his teenage daughter competed in the Winter Equestrian Festival. Built in 2010, the estate has 4 beds and 4 baths with a 7,234-square-foot, open floor plan. Horse-friendly features like a 20-stall barn and show-jumping arena were likely part of Gates’ decision to buy the home, writes Zillow (Z).

Gates isn’t the only business man buying in Wellington. New York City Mayor and Bloomberg Founder Michael Bloomberg has a home there as well as the former owner of the L.A. Dodgers, Frank McCourt.