Welcome to Pinewood of Wellington, a rare opportunity to own a
beautifully renovated estate situated on more than 1.3 acres of
meticulously landscaped grounds, complete with a private screened
heated swimming pool, in one of Wellington's most desirable
communities-with no HOA. This stunning 4-bedroom, 4-bath, 4-car
garage residence of a total area of 5132 sqf has been completely
transformed with exceptional upgrades throughout, all completed in
2024 and 2025. More than $525,000 was invested in permitted
renovations, including a new roof, impact-rated windows and doors,
a fully remodeled kitchen, four beautifully updated bathrooms and
bedrooms, 2 new AC-units, new flooring, all new pool equipment and
newly resurfaced pool and pool deck and new high end screen
enclosure and much more. Adding to the property's versatility is a
separate attached unfinished two-story space / apartment with
separate entrance and with endless potential. This unique area
offers the opportunity to create a private guest suite,
mother-in-law quarters, home office, income-producing rental space,
game room, artist's studio, or your very own home gym. Whether
you're looking for additional living space, a dedicated
work-from-home setup, or a customized wellness retreat, this
flexible space is ready to be tailored to your vision. Converting
Garages 3 and 4 could add approximately 772 square feet to the
living area, increasing the apartment's total size to more than
1,300 square feet. Enjoy the privacy of expansive grounds
while being minutes from Wellington's world-renowned equestrian
venues, fine dining, and more.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Listed by Realty professionals of Boynton Beach, LLC
$1,499,000
Listed by Realty professionals of Boynton Beach, LLC
HAPPY HOLIDAYS!! This Stunning 4042sq ft. Luxury Pool home with 4 bedrooms plus a den and 4 bathrooms on a remarkable 1.32-acre lot, nestled within the embrace of lush landscaping. This expansive residence offers a host of impressive features, including a double door entryway, marble flooring, newer kitchen, an in-law suite or office with separate entry. This property effortlessly marries the tranquility of nature with the convenience of luxury living. Whether you're seeking a quiet retreat or a space to entertain. This estate caters to your every desire. Don't miss the opportunity to update this home and make this private oasis your own. No HOA! Located next to shopping, entertainment and dining. Wellington is known for its Equestrian Lifestyle and the Equestrian Center The manager has listed the unit size as 4042 square feet.
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