NOT LISTED FOR SALE

12427 Cypress Island Way Wellington, FL 33414

Palm Beach Polo and Country Neighborhood

Estimated Value: $6,928,000 - $9,090,000

6 Beds
6.5 Baths
7,331 Sq Ft
$1,132/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $7,300,000 $996 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $52,586/month

115 Days on Market

Highlights

  • Golf Course Community
  • Newly Remodeled
  • Home fronts a pond
  • Polo Park Middle School Rated A-
  • In Ground Pool
  • 36,096 Sq Ft lot

About This Home

As of August 2021

Look right over the 15th hole from this stately home located on the most desired street at Palm Beach Polo Golf & Country Club. Delivered completely “turn key.” Enter your home through elegant arched doorways off the private courtyard. The entire home is positioned to enjoy optimal natural light. Open floor plan, perfect for entertaining, leads to the chef's kitchen, a balance of beauty and functionality, Sub-Zero & Wolf appliances, and stylish craftsmanship with a custom copper hood and large wine room. With no detail left untouched, from the Cypress tongue and groove ceiling to the tumbled pavers, the entire property is truly resort quality. Living areas open onto the immaculate backyard, with oversized heated pool and spa, water features, outdoor dining area, and 3 Gas fireplaces.

Last Agent to Sell the Property

Pietro Belmonte

Douglas Elliman License #3197184 Listed on: 03/23/2021

Douglas Elliman

Co-Listed By

Jennifer Goldstein

Douglas Elliman License #3331229

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $78,906

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.83 Acre Lot
  • Home fronts a pond
  • West Facing Home
  • Fenced
  • Oversized Lot
  • Property is zoned WELL_PUD

HOA Fees

  • $544 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 7,331 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Fireplace
  • French Doors
  • Family Room
  • Formal Dining Room
  • Wood Flooring
  • Fire and Smoke Detector
  • Dryer
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Cooking Island
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio
  • Outdoor Grill

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 73414415210000090

Community Details

Overview

  • Club Membership Required
  • Cypress Island Of Palm Be Subdivision

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$78,906

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$544 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2017
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Co List Office Mls Id: DEOM09
  • Co List Office Phone: 305-695-6070
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: CYPRESS ISLAND OF PALM BE
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: Yes
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator
  • Interior Amenities: Cooking Island, Elevator, French Doors, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Family Room
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Door Features: French Doors
  • Fireplace Features: Fireplace
  • Fireplace: Yes
  • Flooring: Wood
  • Furnished: Unfurnished
  • Living Area: 7331
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Unknown/Withheld
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Eat-In Kitchen, Formal Dining
  • Living Room Features: Family Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Barrel Roof
  • View: Other
  • Exterior Features: Built-In Grill, Open Balcony
  • Direction Faces: West
  • Fencing: Fenced
  • Lot Features: 3/4 To Less Than 1 Acre Lot, Oversized Lot
  • Patio And Porch Features: Open Balcony, Patio
  • Pool Features: In Ground
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: WF/Pool/No Ocean Access, Pond
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: CYPRESS ISLAND OF PALM BE
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association Fee: 6527
  • Association Fee Frequency: Annually
  • Association: Yes
  • Community Features: Clubhouse, Tennis Court(s), Golf Course Community
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 73414415210000090
  • Lot Size Sq Ft: 36096
  • Zoning: WELL_PUD
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 78906

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2023
Sold by
Cypress Island Properties Llc
Bought by
Aurora Rangel Living Trust and Plascencia
Current Estimated Value
$8,295,101

Purchase Details

Listed on
Mar 23, 2021
Closed on
Aug 16, 2021
Sold by
Zavagli Steven and Zavagli Dorothy
Bought by
Cypress Island Properties Llc
Seller's Agent
Pietro Belmonte
Douglas Elliman
List Price
$7,595,000
Sold Price
$7,300,000
Premium/Discount to List
-$295,000
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$4,300,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 13, 2017
Closed on
Apr 18, 2018
Sold by
Cypress Equestrian Llc
Bought by
Zavagil Steven
Seller's Agent
Casey Flannery
Equestrian Sotheby's International Realty Inc.
List Price
$6,250,000
Sold Price
$5,650,000
Premium/Discount to List
-$600,000
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.00%

Purchase Details

Closed on
Jan 30, 2012
Sold by
Amato Daniel and Amato Holly
Bought by
Cypress Equestrian Llc

Purchase Details

Closed on
Nov 23, 2009
Sold by
Palm Beach Polo Holdings Inc
Bought by
Amato Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,250
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aurora Rangel Living Trust -- None Listed On Document
Cypress Island Properties Llc $7,300,000 Attorney
Zavagil Steven $5,650,000 Attorney
Cypress Equestrian Llc $560,000 Attorney
Amato Daniel $625,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cypress Island Properties Llc $4,300,000
Previous Owner Amato Daniel $406,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2021 08/16/21 Sold $7,300,000 -3.9% $996 / Sq Ft
03/23/2021 03/23/21 For Sale $7,595,000 +34.4% $1,036 / Sq Ft
04/20/2018 04/20/18 Sold $5,650,000 -9.6% $790 / Sq Ft View Prior Sale
03/21/2018 03/21/18 Pending -- -- --
03/16/2017 03/16/17 For Sale $6,250,000 -- $873 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $98,312 $5,243,920 -- --
2023 $103,948 $5,428,425 $0 $0
2022 $95,937 $4,934,932 $0 $0
2021 $80,949 $4,050,171 $1,362,500 $2,687,671
2020 $78,906 $3,916,622 $1,000,000 $2,916,622
2019 $94,036 $4,661,816 $1,000,000 $3,661,816
2018 $93,187 $4,871,193 $1,000,000 $3,871,193
2017 $13,834 $682,600 $682,600 $0
2016 $13,539 $635,421 $0 $0
2015 $13,175 $577,655 $0 $0
2014 $11,390 $525,141 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Pietro Belmonte

    Seller's Agent in 2021

    Pietro Belmonte

    Douglas Elliman

    (305) 695-6300

    1 in this area

    46 Total Sales

    Pietro Belmonte
    Section Image
  • Jennifer Goldstein

    Seller Co-Listing Agent in 2021

    Jennifer Goldstein

    Douglas Elliman

    (305) 968-4493

    1 in this area

    40 Total Sales

    Jennifer Goldstein
    Section Image

  • C

    Seller's Agent in 2018

    Casey Flannery

    Equestrian Sotheby's International Realty Inc.

    (561) 718-1472

    62 in this area

    121 Total Sales

    Casey Flannery
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Tiffaney Piper

    Equestrian Sotheby's International Realty Inc.

    (561) 791-2220

    1 in this area

    1 Total Sale

    Tiffaney Piper
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11017219

MIAMI REALTORS® MLS

APN: 73-41-44-15-21-000-0090

Florida Palm Beach County Wellington 33414 Palm Beach Polo and Country

12427 Cypress Island Way, Wellington, FL

This home is located at 12427 Cypress Island Way, Wellington, FL 33414 since 23 March 2021 and is currently estimated at $8,295,101, approximately $1,131 per square foot. This property was built in 2017. 12427 Cypress Island Way is a home located in Palm Beach County with nearby schools including New Horizons Elementary School, Polo Park Middle School, and Wellington High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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