Prime Wellington Equestrian Investment Opportunity - No HOA!
Beautifully renovated canal-front pool home situated on a fully
fenced 1/3-acre lot in one of Wellington's most desirable
equestrian locations. This exceptional property has undergone
extensive updates over the past few years and has been successfully
operated as a seasonal rental/Airbnb, offering outstanding income
potential. The home features a fully updated kitchen, renovated
bathrooms, impact windows, new tile flooring and numerous modern
upgrades that make it move-in or rental-ready. Enjoy Florida living
at its finest with a newly resurfaced and screened-in pool, new
pool deck, and a fully equipped outdoor kitchen complete with
barbecue and refrigerator-perfect for entertaining guests and
seasonal renters alike The expansive, fully fenced backyard
provides privacy and plenty of space for pets, outdoor activities,
or future additions. The property overlooks a peaceful canal and
includes an irrigation system supplied by canal water, helping
reduce utility costs while maintaining lush landscaping. Ideally
located near Wellington's world-renowned equestrian venues,
shopping, dining, Wellington Green Mall, and top-rated schools.
With no HOA restrictions, this property offers exceptional
flexibility for homeowners, investors, and seasonal rental
operators. Whether you're looking for a primary residence, winter
retreat, or income-producing investment property, this turnkey
Wellington home checks all the boxes.
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.
Parking Features: Attached, Driveway, Garage, Garage Door Opener
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 2
Interior Features: Wet Bar, High Ceilings, Kitchen Island, Pantry, Vaulted Ceiling(s), Bar, Walk-In Closet(s), BreakfastArea, DualSinks, LivingDiningRoom, MainLevelPrimary, SeparateShower
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Ice Maker, Microwave, Oven, Range, Refrigerator, Water Heater, Washer
Flooring Type: Tile, Vinyl
Door Features: French Doors
Laundry Features: In Garage
Has Fireplace
Fireplace Features: Decorative
Exterior Details
Square Footage: 1585
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Resale
Year Built: 1979
Waterfront Features: Canal Access, Canal Front
Building Area Total: 2291
Levels: One
Construction Materials: Block
Patio and Porch Features: Patio, Screened
Pool Features: Private, Screen Enclosure
Pool is Private
Lot Features: QuarterToHalfAcreLot, SprinklersAutomatic, SprinklerSystem
Lot Size Area: 13939.2
Lot Size Units: Square Feet
Lot Size Acres: 0.32
Lot Size Square Feet: 13939.2
Water Source: Public
Financial Details
Tax Assessed Value: $452,257
Tax Annual Amount: $9,273
Utilities Details
Cooling Type: Central Air, Ceiling Fan(s), Electric
Heating Type: Central, Electric
Sewer : Public Sewer
Building Info
Overview
General
Year Built:
1979
Effective Year Built:
2000
Building Count:
1
Bedroom Count:
3
Bathroom Count:
2
Full Bathrooms:
2
Partial Bathrooms:
2
Building Condition:
6
Building Quality:
7
Construction Type:
12
Building Style:
0
Exterior Walls Type:
7
Interior Walls Type:
3
Roof Shape Type:
7
Roof Cover Type:
15
Floor Count:
100
Living Units:
1
Floor Cover:
13
Basement Type:
0
Basement Area:
0
Garage Type:
1
Garage Square Area:
484
Parking Space Count:
2
Patio Type:
55
Porch Type:
126
Pool Type:
8
Dimensions
Lot Size Square Feet:
13,769
Lot Size Depth Feet:
2,090
Lot Size Frontage Feet:
660
Total Building Area:
2,291
Gross Building Area:
2,291
Building Area:
1,585
Building Area Measurement:
L
Heating and Cooling
Fireplace Count:
1
Air Conditioning:
1
Heating:
4
Heated Square Feet:
1,585
Heating Fuel Type:
2
Utilities
Sewer System:
0
Water Service:
0
Building
Building Type:
0
Property Class:
R
Subdivision:
EASTWOOD NO 3 OF WELLINGTON
Land Acres:
0000000316
Standard Land Use Code:
1001
County Land Use Code:
0100
Legal Description 1:
EASTWOOD NO 3 OF WELLINGTON LT 7 BLK 8
Neighborhood
School District Name:
Palm Beach County School District
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