The traditional luxury residential home value measure is "dollars per square foot under air (UA)." When you see numbers of around $1000, it's obvious the property is in the super-luxury arena. However, Wellington's equestrian communities like Homeland, Southfields, Palm Beach Polo, Saddle Trail Park, and Palm Beach Point extend that metric beyond even the mega-limits. Why? Because the land surrounding houses of 3,500 to 7,000 square feet (UA) is five, ten, and twenty acres of prime real estate. Moreover, the latter generally accommodates state-of-the-art barns, paddocks, stalls, exercise tracks, and other elaborate equine features. As a result, valuations per square foot (based only on the house size occupying a relatively tiny three or four percent of the estate volume) register numbers like $2,000 to $4,000 per square foot (UA).
In addition to the neighborhoods mentioned above, Homes For sale in Grand Prix Village slot into this category like a hand in a glove. Its MLS listings in 2022/3 - residences for sale and sold - start at $9,250,000 and go as high as $29.9 million. So, what can new homeowners (i.e., wealthy horse lovers, breeders, competitors, and enthusiasts) expect to find when they move in (and only paying HOA fees of $499 monthly):
Thus, negotiations for grand estates in these complexes require an in-depth appreciation for positioning on the campus, the fundamental land value, agricultural & equestrian addendums that align with sophisticated electronics and technologies, and external lighting systems. The ZFC Real Estate team includes equestrian estate experts who can cover all the described items. Call us to help navigate negotiations that frequently save millions for our clients when the deal closes.
Homeowners in Grand Prix Village love the Wellington undertone and theme and revel in the enclave as a signature regional component. However, like everyone else, they require city conveniences for everyday living, so the various shopping centers, clinics, banks, supermarkets, and other services more than adequately meet their needs. Moreover, an excellent school district is close at hand, as are a wide array of restaurants, golf courses, white sand beaches, Intracoastal watersports, nature preserves, and two international airports (via Florida's Turnpike around the corner.) Finally, living an extraordinary luxury rustic lifestyle on the edge of a vibrant urban hub near Delray Beach's downtown action and Palm Beach's famous Worth Avenue is a reality for this community's residents.
The closest competition comes from the neighboring developments mentioned above, Southfields, Palm Beach Polo, Saddle Trail Park, Palm Beach Point, and Homeland. Another must-see is Horseshoe Acres in Boca Raton. And, of course, Pine Tree Estates - a farming community in Parkland - is worth a detailed review. Otherwise, there's nothing quite like Grand Prix in Wellington if horses in the backyard are an essential requirement.
ZFC also covers estate home communities of the highest order, offering privacy, space, no bells and whistles, and exclusivity. The ones we recommend don't have equestrian facilities but provide unique opportunities. Our favorites in central Boca Raton are Le Lac and Long Lake Estates, with contemporary homes available at $6 million plus (though more for the house versus land.) In addition, we cover modern condo towers such as Alina, Royal Palm Residences, One Thousand Ocean, and others for ranch owners wanting a seaside retreat on weekends. Finally, one of our most active real estate verticals focuses on boating projects regenerating fast on the Intracoastal with 100' slips in the backyard and no fixed bridges to the ocean outlets. Contact us today to zone in on your dream home or anything else mentioned above that might interest you. Working with us is always a pleasure.
Where you live in Wellington determines which public schools your children may attend, and this in turn effects real estate values. Homes in Grand Prix Village are zoned for the following Palm Beach County school districts: