Wellington draws Miami sized asking prices

Homes with farm-sized lots in Wellington are beginning to command prices similar to those of Miami’s waterfront estates, according to the South Florida Business Journal. A 10,000-square-foot residence, at 13281 South 52nd Place in Wellington, recently listed for $8.9 million. But instead of a yacht dock, this 10-acre property includes a 14-stall barn, staff quarters and an 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 the influence of 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