7
Map
$2,050,000
●
Land -
Off Market
16450 Norris Road
Wellington, FL 33470
Studio
0 Bath
$2,644,094
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Not much land left in Wellington's horse country! And
this 10+ acre parcel is already significantly improved!! De-mucked
and extensively filled. It boasts onsite city water, 100s of
mature palm trees, gorgeous oak trees and its very own permitted
private land bridge over the canal. It is the only lot that
provides PRIVATE and DIRECT access to the bridle trail system
(straight shot to both of Wellington's horse shows) AND the
beautiful Environmental Preserve (a 365-acre park with nature
trails and a 3.6 mile perimeter Equestrian Trail). Never ride
down the road again! The desirable equestrian community of
Rustic Ranches is conveniently located near shopping and other
amenities, yet offers a quiet and private country setting with top
rated Wellington school district. Estimated to have around 1,000
trees, mostly palm trees (including several species).
Re-start the nursery, sell them off or use them to provide
luxurious and privatizing landscaping to your new equestrian farm
or residential estate. This 10 plus acre lot provides plenty
of space to add a long list equestrian amenities and multiple
riding surfaces.
Unit Size
-
Days on Market
65 days
Land Size
10.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$307
HOA Dues
-
Year Built
1990
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 22 days ago (Beaches MLS #R10703571)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Oct 14, 2024 | Listed by Southfields Real Estate, Inc. | $5,995,000 | |
| Listed by Southfields Real Estate, Inc. | |||
   | |||
|
Not much land left in Wellington's horse country, let alone a 15.3-acre build-ready parcel backing onto a 400+ acre Environmental Preserve with a maintained and scenic 3.3 mile riding trail. This large stunning property is near the world class show grounds in Wellington, roughly 5 min by golf cart and 20 min hacking. Enjoy expansive unobstructed views over the Environmental Preserve and TWO permitted private land bridges (one already built) enabling you to ride directly into the Preserve. Never ride down the road again. You won't ever lose your views (protected Preserve). This parcel has been cleared, de-mucked (with soil sampling), rough graded, with city water and power. It is greatly improved and build ready. No HOA. Do not miss this opportunity.
| |||
| Dec 30, 2021 | Sold | ||
| Sold | |||
| Mar 29, 2021 | Listed by Engel & Volkers Wellington | $2,400,000 | |
| Listed by Engel & Volkers Wellington | |||
| Jun 15, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Wellington
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Listed by: Travis C Laas
Engel & Volkers Wellington
Last Updated: 22 days ago
Data Source: Beaches MLS, MLS# R10703571
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
Engel & Volkers Wellington
Last Updated: 22 days ago
Data Source: Beaches MLS, MLS# R10703571
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