tomo logo

$7,400,000

Beds
3
Baths
3.0
sq ft
4,742

14390 Palm Beach Point Blvd, Wellington, FL 33414

14390 Palm Beach Point Blvd

Wellington, FL 33414

  • 534 days on market
    • Price drop $50,000↓
A RARE OPPORTUNITY to own income-producing property!! Situated on 10 acres. The barn features 24 stalls, tack and feed rooms, outdoor wash racks, a 2bd/1Ba apartment, and a 2bd/2ba apartment. 1 sand ring and 1 grass field. 12 grass paddocks surrounding each side of the barn, 2 separate gated entrances off the paved road of Palm Beach Point Blvd. More than enough room on this farm to add an owner's house and/or a covered arena.

Details

Property type

Single Family Residence

Lot size

5.01 acres

Price per sq ft

$1,561

Year built

1985

Annual property taxes

$22,585

HOA

Yes

Price History

08/28/2024
Beaches

Beaches #F10385070

Price change
$7,400,000
-0.67%
06/12/2023
Beaches

Beaches #F10385070

Listed
$7,450,000
+156.9%
03/30/2018
Beaches

Beaches #R10262870

Sold
$2,900,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Farm Credit East Aca

Loan start date

August 2013

Original loan amount

$1,100,000

Est. remaining balance

Not provided

Interest rate

4.46%

Loan type

Commercial

Seller

Gareth Gair and Jeffery Welles

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/26/2024 at 9:20 PM

Listing updated: 09/30/2024 at 4:32 PM

Listed by: Daniela Stransky Secchi, Bluestone Ventures Group, LLC Phone #: (305) 778-7293

MLS: Beaches #F10385070

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