Palm Beach Point Wellington Equestrian Market Report
Palm Beach Point is a gated Equestrian friendly community in Wellington Florida with some properties a short hacking distance to the showgrounds.
Most of the properties in Palm Beach Point are on at least 5 acres of land and many of the land improvements consist of barns, paddocks, rings and stables.
Palm Beach Point on one side is right next to the Aero Club of Wellington. To access the Aero Club of Wellington market report you can click here.
Currently there are 33 active listings in Palm Beach Point. The listing activity always picks up during the Winter Equestrian Season which is starting next week here in Wellington Florida.
The highest priced listing in Palm Beach Point is $9,900,000. That is $9.9 Million.
This is a premier horse facility on 16.76 acres of land a short hacking distance to the Palm Beach International Equestrian Center. This equestrian center has 20- 12x12 barns, 20 grass paddocks, grass jumping field, shade trees and irrigation, 2 gated entrances. This property also has a covered lighted arena and plenty of storage. It is also fitted with 2 laundry rooms and tack and feed rooms. There is an owner's apartment on the second floor which overlooks the entire property. This is a gorgeous horse facility you won't want to miss!
The lowest priced home in Palm Beach Point is listed at $1,296,000 Million and is located at 15310 Nature's Point.
This home sits on 5 acres of land. There are no horse amenities on the property right now but you can add paddocks and barns. This property is a golf cart ride from the Winter Equestrian showgrounds. The home has about 3,688 square feet under air.
The second highest priced listing is located at 14710 Palm Beach Point Blvd listed at $9 Million.
This is yet another amazing equestrian facility located on over 15 acres of land complete with 24 stalls, a large sand ring, horse exersise track and a practice Polo field. This property is hacking distance to the horse showgrounds. The second story is the owners' apartment and has an elevator. There are also grooms quarters.
14075 Palm Beach Point Blvd is listed at $8.9 Million and is a 10 acre property with a newly build 20 stall barn built by 5 Star Builders. The owner's quarters has 3 bedrooms and there are additional grooms' quarters. There is also a 5 acre grass field, an all weather ring and 5 paddocks.
There are 3 active listings between $6.9 Million and $6 Million. All three of these properties have equine facilities including barns, paddocks and more.
Do you want brand new construction in Palm Beach Point? There is currently 1 brand new construction home on almost 6 acres.
15726 Estancia is listed for $5,950,000 Million- brand new- will be finished in May 2012. Over 5,394 square feet under air with Tuscan style. You will have to see the 12 stall floaring double-sized barns!
15636 Sunnyland is completely remodeled and just like new. It is listed for $5,950,000 Million. A 12 stall barn in on the property.
- There are 2 more active listings asking in the high $5 Millions.
- There are 4 properties available with asking prices in the $4 Millions.
- 5 properties are listed in the high $3 Millions price range.
- 5 properties are listed in the high to mid-range $2 Million price range.
- 8 active listings are asking in between $1,299,999 and $1,999,999.
15460 Imperial Point is pending after 157 days on the market. That is a very short time on the market for this price range of property. It is listed at $4,500,000 Million.
This will be an ALL CASH closing.
This is an updated home that was originally built in 1991. The property has a 6 stall barn, laundry room, tack room, feed room and is ready for fencing. This property is in hacking distance to the WEF.
14750 E Palm Beach Point Blvod is under CTG- that stands for Contingency. Contingency means that there is an offer on this property but there is some inspection or other item that the buyer is waiting on before they go to final closing. This property is subject to an inspection. This is not a short sale.
This property has 12 custom stalls and 9 paddocks on 5 acres. It also has a large sandring, a lighted arena, 7 wash stalls, tack room, 2 groom's quarters and laundry room. This property is close to both the Polo fields and the WEF.
Over the last 12 months, 9 properties sold and closed in Palm Beach Point Wellington Florida.
The highest price sale in Palm Beach Point was located at:
4741 Garden Point Trail and the asking price was $11,500,000 Million. The sold price was $7,650,000 Million. This property sits on 16 acres of land with 14 newly built stalls with tack and feed rooms, paddocks and a covered arena just to name a few of the equestrian amenities. The main house has over 6,000 square feet under air. There is also a 2 bd guest house.
This was an ALL CASH closing and the property was on the market for 798 days.
The lowest priced sale in Palm Beach Point in Wellington was amazingly low!!!! I could not believe the closed price! It was only $605,000. This was a short sale. It was on the market for over 600 days. Of course, what else would you expect with a short sale! This was an ALL CASH closing. There are NO horse features to this property although it does sit on 5 acres so there is room to build paddocks and a barn. It was also a very small house iwth only 2,500 square feet under air. It was in need of remodeling as it was built in 1981.
The next lowest priced sale was 15755 Ocean Breeze Lane listed at $1,290,000 and sold and closed for $900,000- ALL CASH Closing. This property also did NOT have horse amenities and features.
You will get more money for your property if it is horse friendly. There is a lot of value in barns, paddocks, sandrings, outdoor covered and lighted arenas, fencing and security.
15510 Ocean Breeze Lane was asking $8,375,000 Million and sold for $6,200,000. This was an amazing property with a short hack to WEF. This home is immaculate. The main house has over 4,000 square feet under air with 4 bedrooms and 4.5 bathrooms. The home has impact glass and a back up generator. The barn has 6 stalls with a tack room, feed room, a 2 bd apartment, a ring, a round pen, many paddocks and a lot more.
This was an ALL CASH closing.
15787 Imperial Point Lane sold for $3,500,000 Million.
Lot 6 Palma sold for $3,900,000 Million. This was brand new construction.
15130 Sunnyland sold for $2,900,000 Million and was an ALL CASH Closing.
15324 Sunnyland sold for $2,015,000 Million.
15725 Sunset Lane sold for $1,675,000. This also was an ALL CASH Closing.
Cash is king in Palm Beach Point. If you are in the market to buy or sell an equestrian property in Wellington Florida contact Nestor Gasset on his cell phone at 561-541-9936 or Katerina Gasset at 561-502-1577.
For more Wellington Equestrian market reports:
Southfields in Wellington Palm Beach Polo Market Report
Grand Prix Farms Wellington Equestrian Market Report
Saddle Trail Wellington Equestrian Market Report
Equestrian Club Estates Market Report
Aero Club Wellington Market Report
Mallet Hill Wellington Market Report
Equestrian Club Wellington Market Report
Paddock Park Wellington Market Report
Homeland Equestrian Community Lake Worth Market Report
