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About Wellington's Equestrian Club

Equestrian Club Wellington FL Real Estate Market Trends 2002-2011

Michelle Gibson REALTOR®  Wellington Florida Homes for Sale: Real Estate Agent in Wellington, FL
Equestrian Club Wellington FL Real Estate Market Trends 2002-2011

Equestrian Club is one of Wellington Florida's most magnificent guard gated luxury estate home communities. Throughout 2002 up until 2005 Centerline Homes constructed 118 luxury estate homes, which are situated on 1/3 acre plus lots.

Like other communities throughout Wellington Florida property value increased at a rapid rate in Equestrian Club and reached it's peak in 2006 with a median sales price of $930,000. Since 2006 property value in Equestrian Club has been decreasing, but so have the amount of homes for sale along with home sales themselves. Back in 2005 21 luxury estate homes sold in Equestrian Club while in 2011 only 6 homes sold.

Equestrian Club Wellington FL Real Estate Market Trends 2002-2011

The above graph displays Equestrian Club home sales for 2004 to 2011. The dark purple shows the number of homes sold while the light purple shows the median home sales price for that particular year. This graph does NOT include all new construction.

As of today there are only five homes for sale in Equestrian Club starting at $569,000 up to $769,000.

Search Homes for Sale in Equestrian Club below:

If you are looking to buy or sell in Equestrian Club - Wellington Florida contact me today!

Information provided by RMLS on February 27, 2012 deemed reliable, but not guaranteed
Originally posted at http://wellingtonhometeam.com/equestrian-club-wellington-fl-real-estate-market-trends-2002-2011/

Equestrian Club Wellington- Real Estate Market Report

Nestor & Katerina Gasset  Realtors® Wellington Florida Homes For Sale: Real Estate Agent in Wellington, FL

Equestrian Club Wellington- Real Estate Market Report

The Equestrian Club is a very small luxury community of Mediterranean style homes with great curb appeal. There are 118 custom built homes built on half acre (1/2) lots. These luxury homes have floor plans that are four bedroom to seven bedrooms.

wellington equestrian club

During the Polo Season here in Wellington you can short term lease some of these high end homes.

The amenities include a clubhouse, fitness center, tennis courts, play areas and riding trails.

This is a luxury community in Wellington Florida. In order to be fair with pricing in these small communities we use market data for one year.

Currently there are 4 active listings available in the Equestrian Club for sale and one of these is Contingent on third party approval so that is a Wellington Short Sale.

  • The lowest asking price is $599,900 at 12421 Equine Lane with 5 bedrooms and 5 bathrooms with 4,879 square feet under air. It was originally priced at $749,900 when it first was listed.
  • The highest asking price is $765,000 at 12517 Equine Lane with 4 bedrooms and 4 bathrooms with 3,718 square feet under air. This home is not listed as a short sale.

The other two properties are:

12461 World Cup listed for $639,900 and 12502 Equine listed at $665,000.

Over the last year until now 8 Equestrian Club homes in Wellington sold.

We sold the highest closed sale in the Equestrian Club. It was our listing. This listing was located at 12470 World Cup In the Equestrian Club. We listed it for $899,777 and we closed and sold it for $750,000. It has 5019 Square feet under air with a lake view and direct lake frontage as well as a full summer kitchen and custom pool. It was a CASH sale.

equestrian club wellington


The lowest priced house that sold was at 12309 Equine Lane. This was a short sale and it was a steal! WOW! Whoever bought this house should thank their lucky stars! Most of these homes have loans on them of $800,000 to over $1.2 Million! This house has 3,002 square feet under air. It took one year to sell and close on this property, it looks like from reading the listing that the first buyer may have walked because the house was on lthe market for 187 days before it went contingent, which means that the short sale offer was placed on the property. It appears that it took about 6 months to get a third party approval or thereabouts based on the what is available in the MLS. It was a CASH sale. It sold for $359,000.

The other properties in the Equestrian Club that sold were:

  • 12332 Equine Lane sold for $675,000. It was listed at $750,000. It took 78 days to sell and it closed in one week. This was NOT a short sale.
  • 12313 Equine Lane sold for $ 470,000. It was listed at $850,000 and was on the market for 155 days and was a short sale. The bank approved this property at $470,000 and it was marketed as an approved short sale. Well, someone jumped on that one very quickly because it closed in less than 9 days. It was a CASH sale.
  • 12300 Equine Lane sold for $ 450,000 and it was listed at $1,100,000. Again this property was a short sale. It too, was a CASH sale.
  • 12474 Equine Lane sold for $465,000 and it was listed at $464,500. This was a bank owned property. One of the very few bank owned properties in Wellington. This was on the market for 11 days and it closed as a conventional loan sale. This was NOT a short sale.
  • 12460 Equine Lane sold for $710,000 and it was listed for $749,000. This property was only on the market for 5 days. It closed as a convention loan. It was put pending on April 22 of this year and closed on April 27 of this year. This was NOT a short sale.

This obviously does not make sense in that the MLS records state that this was a conventional loan but it went from pending to closed in five days? It is possible but not likely. There are errors on the MLS with data entry by the listing agents in many cases. This data is used for all the market reports that agents around Wellington do and the rest of the county of Palm Beach. This is yet another reason why Nestor says you can not go by computer generated reports because when the data is not correct you are not able to come up with the right reports. You really need to look at each individual property.

  • 12489 World Cup Lane sold for $480,000 and it was listed at $535,000. This was NOT a short sale. This was a CASH sale.

There is one pending offer on a bank owned property at 12321 Equine Lane. It is listed at $535,000.


equestrian club wellington

It is presumed based on this data that the short sales and the bank owned properties in the Equestrian Club in Wellington are selling for a lot less than the properties that are NOT short sales. There are people who do not want to go through with a short sale and will just pay off their mortgage in order to sell their properties at a loss.

So in a year's time there have been two bank owned properties for sale and one closed and one is pending. The Equestrian Club in Wellington is a great bargain right now. With only 4 houses for sale the prices may start to stabilize and this is great for homeowners in the Equestrian Club of Wellington.


Equestrian Club Of Wellington- Wellington Homes For Sale

Nestor & Katerina Gasset  Realtors® Wellington Florida Homes For Sale: Real Estate Agent in Wellington, FL

Equestrian Club Of Wellington is one of the nicest planned communities in Wellington Fl. Upon entering this newly gated community of the Equestrian Club of Wellington, you will  be inspired by the prestigious and beautiful, estate-sized single family homes.

Equestrian Club of wellington

 

The Equestrian Club Of Wellington is surrounded by lush landscapes, where you can enjoy the pleasant year-round tropical temperatures that make living here in this community the perfect place to call home.  Take in the serenity and peaceful atmosphere  of this luxurious neighborhood, while enjoying the vibrant backdrop of the Equestrian community here in Wellington.

Equestrian Club Of Wellington homes for sale

 

The Equestrian Club of Wellington setting is made up of 118 amazing homes in Wellington. The estates sit on ⅓ to ½ acres of lakefront and cul-de-sac lots.

There are 7 different floor plans to choose from all of these range between 3,112 to 4,909 square feet.  The homes here are one and two-story estates that  feature 5-7 bedrooms, 3.5 to 5 bathrooms,  a family room, a den or a loft, and 3 to 4 car garages.

 

equestrian club of wellington homes for sale

Inside of these luxurious homes you will find a rich blend of traditional, modern  and European styles ,  to choose from. Homes  include European-style cabinetry, granite counter tops, solid woodwork, stone flooring, wood flooring, marble Roman bath tubs and beautiful outside entertainment areas that you and your family will enjoy.

The Equestrian Club of Wellington offers their residents many amenities which include a manned gated entrance, stunning club house with a state of the art media room, exercise fitness facility, children’s play area, lighted tennis courts, and horse  trails and crossings.

equestrian Club of wellington

 

The village of Wellington encompasses approximately 45 square miles and located int the central western area of  Palm Beach County.

Within this 10,000 acres, developments range from luxurious apartments , beautiful estate homes, to the exquisite  million dollar estates with private horse stables.

The Equestrian Club of Wellington is nestled in the diverse and growing Palm Beach County area, and located in the heart of Wellington, Florida, on the North side of Lake Worth road and West of US 441.  Wellington is not only home to a growing number of people but horses as well, making this area a very large equestrian community.

equestrian club of wellington

 

This convenient Wellington location is close to major highways, including the Florida Turnpike, top rated schools famous annual equestrian events, many outdoor and indoor recreational activities, and the new Wellington Green Mall.

Here you will find entertainment, family dining, fine dining and numerous shops all within a short drive from home. While living in this equestrian community you will not only be able to enjoy the quiet equestrian lifestyle , but be able to enjoy the beautiful West Palm white sandy beaches, many recreational parks and the beautiful downtown West Palm Beach, home to City Place,  all within a 30 minute drive from home.

Equestrian club has all the luxuries of a private comfortable home, and peaceful atmosphere while never having to sacrifice the convenience of shopping and entertainment.  This is the perfect place to call home…Come and see why living here makes coming home the best part of your day in The Equestrian Club of Wellington!

For more information about homes for sale in The Equestrian Club of Wellington click here.

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