NOT LISTED FOR SALE

12428 Cypress Island Way Wellington, FL 33414

Palm Beach Polo and Country Neighborhood

Estimated Value: $7,685,000 - $9,966,538

5 Beds
8 Baths
8,845 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $9,500,000 $1,074 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $58,088/month

173 Days on Market

Highlights

  • On Golf Course
  • Gated with Attendant
  • Gunite Pool
  • Polo Park Middle School Rated A-
  • New Construction
  • Waterfront

About This Home

As of September 2022

NEW CONSTRUCTION - Designed by the world renowned and award winning architect, Portuondo Perotti, this custom home is situated on a premier lot in the exclusive Cypress Island community with sweeping views of the Cypress Golf Course of the Palm Beach Polo Club. With a Dutch - South African style this home offers an open floor plan with 5 distinct living suites. Every fine detail has been incorporated with no expense spared. Wolf & Subzero appliances grace the expansive kitchen with wet bar and climate controlled wine closet. The pool area with golf course views includes covered patios with outdoor fireplace and two outdoor entertaining spaces with powered screens. The air conditioned garages are designed for the collector with room for car lifts. No detail has been left out. ''Must See''

Last Agent to Sell the Property

David Welles

Equestrian Sotheby's International Realty Inc. License #3241338 Listed on: 02/17/2022

Last Buyer's Agent

Mark Norman

Douglas Elliman (Wellington) License #618990

Douglas Elliman (Wellington)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,840

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.72 Acre Lot
  • Waterfront
  • On Golf Course
  • Sprinkler System
  • Property is zoned WELL_P

HOA Fees

  • $276 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Concrete Roof

Interior Spaces

  • 8,845 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • High Ceiling
  • Entrance Foyer
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Wood Flooring
  • Golf Course Views

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Pool

  • Gunite Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Open Patio
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 73414415210000210

Community Details

Overview

  • Association fees include common areas, security
  • Private Membership Available
  • Cypress Island Of Palm Be Subdivision

Recreation

  • Trails

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,840

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$276 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Palm Beach Polo Rd to Cypress Island Way. Property on the right.
  • Year Built: 2021
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Dining Area, Separate/Formal Dining Room, Entrance Foyer, High Ceilings, Walk-In Closet(s), Central Vacuum
  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Flooring: Other, Wood
  • Living Area: 8845.0
  • Dining Room Type: Den, Dining Room, Florida Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Porch, Patio
  • View: Golf Course
  • Lot Features: On Golf Course, Sprinklers Automatic
  • Pool Features: Gunite, Heated, Pool, Salt Water
  • Pool Private: Yes
  • Waterfront: Yes
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: New Construction
  • Roof: Concrete

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Gated with Guard, Security Guard
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 276.0
  • Community Features: Gated, Sidewalks
  • Senior Community: No
  • Amenities: Private Membership, Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 73414415210000210
  • Lot Size Sq Ft: 31289.0
  • Zoning Description: WELL_P
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 24840.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2022
Closed on
Sep 9, 2022
Sold by
Cypress Equestrian Llc
Bought by
Revocable Trust
Seller's Agent
David Welles
Equestrian Sotheby's International Realty Inc.
Buyer's Agent
Mark Norman
Douglas Elliman (Wellington)
List Price
$9,600,000
Sold Price
$9,500,000
Premium/Discount to List
-$100,000
-1.04%
Current Estimated Value
$8,885,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$614,821
Avg. Annual Appreciation
-2.11%

Purchase Details

Closed on
Dec 21, 2012
Sold by
Palm Beach Polo Holdings Inc
Bought by
Cypress Equestrian Llc

Purchase Details

Closed on
Jul 14, 2011
Sold by
Cypress 21 Llc
Bought by
Palm Beach Polo Holdings Inc

Purchase Details

Closed on
Mar 16, 2011
Sold by
Palm Beach Polo Holdings Inc
Bought by
Cypress 21 Llc
Source: Public Records

Range of Values:

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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
Revocable Trust $9,500,000 --
Cypress Equestrian Llc $725,000 Attorney
Palm Beach Polo Holdings Inc $650,000 Attorney
Cypress 21 Llc $650,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $9,500,000 -1.0% $1,074 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $9,600,000 -- $1,085 / Sq Ft
Source: BeachesMLS

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 $130,111 $6,898,591 -- --
2023 $140,728 $7,410,107 $2,700,000 $4,710,107
2022 $28,112 $1,212,231 $0 $0
2021 $24,840 $1,498,750 $1,498,750 $0
2020 $20,964 $1,100,000 $1,100,000 $0
2019 $20,014 $1,100,000 $1,100,000 $0
2018 $18,321 $1,100,000 $1,100,000 $0
2017 $15,232 $752,700 $752,700 $0
2016 $14,905 $700,592 $0 $0
2015 $14,503 $636,902 $0 $0
2014 $12,534 $579,002 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Welles

    Equestrian Sotheby's International Realty Inc.

  • M

    Buyer's Agent in 2022

    Mark Norman

    Douglas Elliman (Wellington)

    (561) 762-3226

    18 in this area

    42 Total Sales

    Mark Norman
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10777668

BeachesMLS

APN: 73-41-44-15-21-000-0210

Florida Palm Beach County Wellington 33414 Palm Beach Polo and Country

12428 Cypress Island Way, Wellington, FL

This home is located at 12428 Cypress Island Way, Wellington, FL 33414 since 17 February 2022 and is currently estimated at $8,885,179, approximately $1,004 per square foot. This property was built in 2021. 12428 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.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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