Terry Pegula House: A Look at the Buffalo Bills Owner’s Boca Raton Mansion
Terry Pegula, billionaire owner of the Buffalo Bills and Buffalo Sabres, lives primarily in Boca Raton, Florida. His main residence is a 12-acre equestrian estate called Camelot Farms, purchased for $6.5 million in 2010. The property features a 14,000-square-foot home, an air-conditioned 10-car garage, and a 40,000-gallon pool with a waterfall.
Who Is Terry Pegula?
Terry Pegula is an American billionaire businessman and petroleum engineer. He made his fortune in natural gas and fracking. In 2010, he sold his drilling rights to Royal Dutch Shell for $4.7 billion. That sale gave him the capital to buy professional sports teams.
Pegula purchased the Buffalo Sabres NHL team in 2011. In 2014, he and his wife Kim bought the Buffalo Bills NFL team for $1.4 billion. They beat out a bid from Donald Trump to secure the franchise.
Today, Pegula’s net worth is estimated at over $7 billion. Some reports place it as high as $9.3 billion as of 2026. He ranks among the richest sports owners in the world.
Pegula and his wife Kim have five children. Their daughter Jessica is a professional tennis player who reached the U.S. Open finals in 2024.
Where Does Terry Pegula Live?
Terry Pegula’s primary residence is in Boca Raton, Florida. He and his wife Kim have lived there for over a decade. They also own properties in New York and Pennsylvania.
The Pegulas sold their Buffalo waterfront townhome in 2021. They now use their Florida estate as their main home. This has sparked some controversy. Critics note that the Pegulas received $850 million in public subsidies for a new Bills stadium while living in Florida.
Terry Pegula House: The Florida Estate
The crown jewel of Terry Pegula’s real estate portfolio is his Boca Raton estate. The property is known as Camelot Farms.
Location and Purchase Details
The estate sits on 12 acres in west Boca Raton. It is located near the intersection of Lyons and Clint Moore roads. The Pegulas bought the property in 2010 for $6.5 million. Some reports list the purchase price as $6.58 million.
The home is situated within the exclusive St. Andrews Country Club community. This gated neighbourhood offers privacy and high-end amenities. Many wealthy families and business leaders live in this area.
Size and Layout
The main house spans 14,000 square feet. It has eight bedrooms and nine bathrooms. The home was designed for both comfort and entertaining.
Key features of the main house include:
- Eight bedrooms with en-suite bathrooms
- Nine total bathrooms
- Large living and dining areas
- Gourmet kitchen with high-end appliances
- Multiple family rooms and entertainment spaces
Outdoor Amenities
The outdoor space at Camelot Farms is extensive. The property includes a 40,000-gallon heated pool. The pool area features granite-like rocks, a waterfall, and a spa.
The estate also has a 10-car air-conditioned garage. The garage can accommodate two stretch limousines. This allows the family to store their vehicle collection in a climate-controlled space.
Sporting facilities are a major part of the property. The estate includes:
- A large swimming pool with waterfall
- A full basketball court
- Two tennis courts
These amenities reflect the family’s athletic interests. Jessica Pegula is a professional tennis player. The courts likely provide her with a private practice space.
The Equestrian Facilities
Camelot Farms lives up to its name with horse facilities. The property includes a stable with 35-foot ceilings. The stable has eight stalls and upstairs grooms’ quarters. This allows the family to keep and care for horses on site.
The equestrian facilities are part of a larger horse farm community. The 12-acre estate is tucked within a 194-acre community of private horse farms. This setting provides a rural feel while remaining close to city amenities.
Other Pegula Properties
Buffalo Waterfront Townhome
The Pegulas previously owned a waterfront townhome in Buffalo, New York. They sold this property in 2021 for just over $1 million. The sale came after they decided to make Florida their primary residence.
This property was their home base during the early years of their sports ownership. They bought the Buffalo Sabres in 2011 and the Bills in 2014. The townhome gave them a place to stay when conducting business in Western New York.
East Aurora Home
The Pegula family also owns a home in East Aurora, New York. East Aurora is a village near Buffalo. This property provides another base for their New York activities.
Pennsylvania Estate
Terry Pegula owns a 6,000-acre estate in the Poconos Mountains in Pennsylvania. This property reflects his Pennsylvania roots. Pegula was born in Pennsylvania and started his career there.
Real Estate Development
Beyond personal homes, Pegula has invested in real estate development. In 2012, he won a bid to develop the Webster Block in Buffalo. He developed the $170 million LECOM Harborcenter, a hockey-themed complex in Buffalo.
These commercial projects show his commitment to Buffalo’s revitalisation. They also diversify his real estate holdings beyond residential properties.
The Controversy Around His Florida Residence
Terry Pegula’s Florida residency has generated significant controversy. The issue centers on the public subsidy for the new Buffalo Bills stadium.
In 2022, New York State agreed to give the Pegulas $850 million in public money. The state contributed $600 million. Erie County taxpayers added $250 million. The total stadium cost was $1.4 billion.
The Pegulas contributed $350 million to the project. This represents about 6 per cent of their reported net worth. Critics argue that billionaires should not receive public funds for stadiums.
The fact that the Pegulas live in Florida added to the criticism. New York politicians expressed outrage that the Bills owners lived in Florida while receiving New York taxpayer money. Governor Kathy Hochul, a Buffalo native, defended the deal. She argued the subsidies kept the team in Buffalo for the next 30 years.
Pegula also benefited from a tax loophole when buying the Bills. He was able to deduct the purchase price from the team’s profit and his income for 15 years. This allows him to write off $93 million a year until the team has paid for itself.
Inside the Pegula Family’s Lifestyle
The Pegula family’s properties reflect their wealth and interests. Their Florida estate is designed for both relaxation and athletic training. The basketball court, tennis courts, and pool provide year-round recreation.
The equestrian facilities suggest a love for horses. The stable with eight stalls and grooms’ quarters is a significant investment. The 12-acre setting provides space for riding and horse care.
Jessica Pegula lives in Boca Raton with her husband, Taylor Gahagen. She trains at the family estate’s tennis courts. Her tennis career has brought additional attention to the family’s Florida home.
Terry Pegula’s Net Worth and Wealth Sources
Terry Pegula’s wealth comes primarily from natural gas. He made his fortune through investments in fracking. In 2010, he sold most of his assets to Royal Dutch Shell for $4.7 billion.
His net worth has grown significantly since then. Forbes estimated his net worth at $7.6 billion in early 2025. By 2026, reports placed his net worth at $9.3 billion.
His wealth sources include:
- Natural gas and oil investments
- Real estate holdings
- The Buffalo Bills (valued at over $3 billion)
- The Buffalo Sabres
- Other business interests
Pegula ranks as the 373rd richest person in the world according to Forbes. His wealth continues to grow as his sports franchises increase in value.
Comparing Terry Pegula’s House to Other Billionaire Estates
Terry Pegula’s Boca Raton estate is impressive but not the most expensive in the area. Boca Raton and nearby Palm Beach are home to many billionaires. Some estates in the region sell for over $100 million.
However, Camelot Farms offers unique features. The equestrian facilities and athletic amenities set it apart. The 12-acre lot provides more land than many nearby properties.
The $6.5 million purchase price in 2010 was significant. The property’s value has likely increased since then. Real estate in Boca Raton has appreciated substantially over the past decade.
What Makes the Terry Pegula House Unique?
Several features make Terry Pegula’s house stand out:
The Name. The estate is called Camelot Farms. This evokes the legendary castle of King Arthur. The name suggests a sense of grandeur and royalty.
The Size. At 14,000 square feet, the home is larger than most residential properties. The eight bedrooms and nine bathrooms provide ample space for the large Pegula family.
The Garage. The 10-car air-conditioned garage is a notable feature. It protects valuable vehicles from Florida’s heat and humidity. The ability to accommodate two stretch limousines suggests the family hosts large events.
The Pool. The 40,000-gallon heated pool with waterfall and spa is a resort-quality amenity. The granite-like rocks add a natural aesthetic.
The Athletic Facilities. The basketball court and two tennis courts are rare in residential properties. They reflect the family’s athletic background.
The Equestrian Facilities. The stable with eight stalls and grooms’ quarters shows a commitment to horse ownership. The property is part of a larger horse farm community.
FAQs About Terry Pegula’s House
Where does Terry Pegula live?
Terry Pegula lives primarily in Boca Raton, Florida. His main residence is a 12-acre estate called Camelot Farms. He purchased the property in 2010 for $6.5 million.
Does Terry Pegula still own property in Buffalo?
The Pegulas sold their Buffalo waterfront townhome in 2021. They still own a home in East Aurora, New York, near Buffalo. They maintain connections to the area through their sports teams.
What is the value of Terry Pegula’s Florida mansion?
The Pegulas bought the Boca Raton estate for $6.5 million in 2010. The current value is likely higher due to real estate appreciation in the area. The 14,000-square-foot home sits on 12 acres with extensive amenities.
Why did Terry Pegula move to Florida?
Florida offers tax advantages for wealthy individuals. The state has no personal income tax. This makes it attractive for billionaires like Pegula. He and his wife Kim made Florida their primary residence after selling their Buffalo home in 2021.
How many homes does Terry Pegula own?
Terry Pegula owns multiple properties. These include the Boca Raton estate, a home in East Aurora, New York, and a 6,000-acre estate in Pennsylvania. He has also invested in commercial real estate developments.
