$6,800,000
Wellington, FL 33414
MLS# RX-10149364
Status: Closed
3 beds | 3.2 baths | 5078 sqft
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Property Description
10.95 acre equestrian estate home in a gated Palm Beach Point, hacking distance to Grand Prix Village & WEF Showgounds. 12 Stall barn(can have up to 24). Spacious main residence w/3 bedroom suites, all opening to the heated pool & patio. Beautifully appointed with custom kitchen cabinetry, oversized butler's pantry, wide-plank wood floors, granite & marble finishes, wood beamed ceilings & a fireplace. The European courtyard Style stable was completely updated in 2014 - all new stall fronts, doors, brick paver aisle ways & center courtyard, exterior window shutters and 3 new wash racks. Above the barn are two, 1BR/1Bth grooms apartments with a shared balcony. There is an additional CBS constructed 100' x 60' outbuilding - easily converts to a custom designed center-aisle barn.
Details
Contract Information
Listing Date: 2015-07-06
Status: Closed
Original List Price: 6800000
Auction: No
Sold Price: $5,920,000
Current Price: $5,920,000
List Price/SqFt: 1339.1
General Property Description
Type: Single Family Detached
Governing Bodies: None
Total Bedrooms: 3
Baths - Full: 3
Baths - Half: 2
Baths - Total: 3.2
Property Condition: Resale
Year Built: 1996
SqFt - Total: 7368
SqFt - Living: 5078
SqFt Source: Other
SqFt - Guest House: 1425
Garage Spaces: 3
Homeowners Assoc: Mandatory
HOA/POA/COA (Monthly): 225
Application Fee: 250
Membership Fee Required: No
Directions: Greenbriar to Palm Beach Point Blvd. through gate right onto Palma Lane. Property on the right.
Subdivision: PALM BEACH POINT
Development Name: Palm Beach Point
Legal Desc: PALM BEACH POINT LTS 2 & 3 BLK 7
Lot SqFt: 476982
Lot Dimensions: 10.95 Acres
Waterfront: Yes
Front Exp: South
Private Pool: Yes
Unit Floor #: 1
Pets Allowed: Yes
Total Floors/Stories: 1
Location Tax Legal
Area: 5520
County: Palm Beach
Parcel ID: 73414419010070020
Street #: 15635
Street Name: Palma
Street Suffix: Lane
Zip Code: 33414
Geo Lat: 26.622917
Geo Lon: -80.298266
Status Change Info
Under Contract Date: 2016-03-01
Sold Date: 2016-05-05
Sold Price: $5,920,000
Terms of Sale: Cash
Sold Price/SqFt: 1165.81
Equestrian Features
# of Barns: 2
# of Stalls: 24
Property Features
Design: European; Mediterranean
Construction: CBS
View: Pool
Waterfront Details: Canal Width 1 - 80
Private Pool Description: Heated; Inground
Lot Description: 5 to <10 Acres; 10 to <25 Acres
Exterior Features: Auto Sprinkler; Awnings; Covered Patio; Extra Building; Fence; Open Patio; Utility Barn
Interior Features: Built-in Shelves; Closet Cabinets; Ctdrl/Vault Ceilings; Fireplace(s); Foyer; French Door; Kitchen Island; Laundry Tub; Pantry; Roman Tub; Split Bedroom; Volume Ceiling; Walk-in Closet
Furnished: Unfurnished
Rooms: Cabana Bath; Den/Office; Laundry-Inside; Laundry-Util/Closet; Maid/In-Law; Pool Bath; Storage; Util-Garage
Parking: 2+ Spaces; Drive - Circular; Driveway; Garage - Attached; Garage - Building; Garage - Detached; RV/Boat
Maintenance Fee Incl: Common Areas; Management Fees; Security
Restrict: Buyer Approval
Security: Burglar Alarm; Gate - Manned; Private Guard; Security Sys-Owned
Flooring: Ceramic Tile; Marble; Wood Floor
Heating: Central; Zoned
Cooling: Central; Zoned
Dining Area: Breakfast Area; Dining/Kitchen; Formal; Snack Bar
Roof: Metal
Guest House: 2 Baths; 2 Bedrooms; Kitchen; Living Room; Patio
Equestrian Features: Boarding Allowed; Bridle Path/Trails; Feed Room; Grass Field; Grooms Quarters; Office; Owners Apartment; Paddocks; Regulation Dressage; Ring; Stable; Tack Room; Wash Rack(s); Water & Electric
Terms Considered: Cash; Conventional
Utilities: Cable; Electric; Gas Bottle; Septic; Well Water
Window Treatments: Awning; Blinds; Plantation Shutters
Special Info: Sold As-Is
Taxes: Agricultural Exempt; City/County; Homestead
Possession: At Closing; Quick Closing
Contingencies: None
Supplements
This out-building could also house a work shop, RV, work out room or offer additional space for the car collector. It currently has additional stalls using portable European style systems. There is a beautiful 300' X 200' riding arena with great drainage and footing. The property lends its self perfectly for constructing a covered riding arena. There are 10 large grass paddocks, 2 of which are run-outs from stalls and a round pen. The property has separate entrances for the residence and stables. The private cul-de-sac location on the bridle path, is priceless. There are endless possibilities for this one of a kind property, its a must see to appreciate. It currently produces over $220,000 a year in gross income. The entire exterior of the house, stable and outbuilding were repainted in 2014. The property would easily be approved for up to 24 stalls. If you're looking for wonderful amenities, privacy, and a great location in close proximity to the show this is the property to see! A simple 1/2 Mile hack by bridle path to Grand Prix Village and WEF
Room Information
| Room Name | Length | Width | Length | Level | Width |
| Living Room | 38.00 | 25.00 | 38.00 | First | 25.00 |
| Dining Room | 21.00 | 14.00 | 21.00 | First | 14.00 |
| Kitchen | 19.00 | 16.00 | 19.00 | First | 16.00 |
| Master Bedroom | 21.00 | 17.00 | 21.00 | First | 17.00 |
| Bedroom 2 | 15.00 | 14.00 | 15.00 | First | 14.00 |
| Bedroom 3 | 14.00 | 14.00 | 14.00 | First | 14.00 |
| Bedroom 4 | 20.00 | 14.00 | 20.00 | First | 14.00 |
Listing Office: Engel & Volkers Wellington
Last Updated: October - 24 - 2022
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