Friday, August 31, 2012

Wellington draws Miami sized asking prices

August 31, 2012 03:00PM
From left: 13281 South 52nd Place and 13401 South 55th Street
Home’s with farm-sized lots in Wellington are beginning to command prices similar to Miami’s water front estates, according to the South Florida Business Journal. A 10,000-square-foot residence at 13281 South 52nd Place in Wellington recently listed $8.9 million. But instead of a yacht dock, this 10-acre property includes a 14-stalls barn, staff quarters and additional six-stall stable Another 10-acre Wellington property at 13401 South 55th Street is asking $9.8 million. The nine-bedroom, 12-bath 20,000-square-foot house includes a guest apartment with an elevator and a tennis court.
The luxury trend will likely to continue in Wellington because of influence from the nearby Palm Beach Polo Club, according to Martha Jolicoeur, of Illustrated Properties in Wellington. “Eventually anyone who is interested in horses will end up in Wellington.” [SFBJ]– Christopher Cameron
REAL DEAL MIAMI BEACH NEWS
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