NOT LISTED FOR SALE

12479 Cypress Island Way Wellington, FL 33414

Palm Beach Polo and Country Neighborhood

Estimated Value: $6,746,000 - $9,329,000

5 Beds
7 Baths
6,954 Sq Ft
$1,168/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $9,500,000 $1,366 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $54,394/month

49 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Heated Spa
  • Polo Park Middle School Rated A-
  • Gated with Attendant
  • 30,200 Sq Ft lot

About This Home

As of May 2024

This exquisite custom estate home, nestled within the prestigious private enclave of Cypress Island in the Palm Beach Polo and Country Club, epitomizes luxury living at its finest. Spanning over an opulent layout with nearly 7,000 SF of living space, this residence boasts five bedrooms and five full baths, complemented by two half baths, more than 1,000 SF of screened outdoor living space and accommodates four vehicles comfortably with oversized garages, plus room for golf carts.As you step inside, you are greeted by soaring high ceilings of the formal living room and its beautiful views of the fountains and infinity edge pool. The east wing begins with a spacious office adorned with meticulous custom woodworking, reflecting the home's attention to detail throughout.

Last Agent to Sell the Property

Kim Jenard

Douglas Elliman (Wellington) License #3218615 Listed on: 03/07/2024

Douglas Elliman (Wellington)

Last Buyer's Agent

Andrew Leibowitz

Leibowitz Realty Group, LLC./PBG License #0596219

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $105,197

Year Built

  • Built in 2017

Lot Details

  • 0.69 Acre Lot
  • Lake Front
  • Fenced
  • Sprinkler System
  • Property is zoned WELL_P

HOA Fees

  • $547 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Pool

Home Design

  • Flat Roof Shape
  • Tile Roof

Interior Spaces

  • 6,954 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Furnished
  • Built-In Features
  • High Ceiling
  • Fireplace
  • Blinds
  • Sliding Windows
  • Great Room
  • Family Room
  • Formal Dining Room
  • Den

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Home Security System
  • Security Lights
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • In Ground Spa
  • Saltwater Pool
  • Pool Equipment or Cover

Outdoor Features

  • Balcony
  • Open Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 73414415210000060

Community Details

Overview

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

Recreation

  • Golf Course Community
  • Tennis Courts
  • Pickleball Courts
  • Community Pool
  • Trails

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$105,197

Year Built

Built in 2017

Lot Details

0

HOA Fees

$547 per month

Parking

4

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: POLO CLUB RD TO CYPRESS ISLAND WAY .. FOLLOW TO HOUSE ON THE LEFT.
  • Year Built: 2017
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Breakfast Bar, Built-in Features, Dining Area, Separate/Formal Dining Room, Dual Sinks, Fireplace, High Ceilings, Kitchen/Dining Combo, Pantry, Split Bedrooms, Separate Shower, Walk-In Closet(s), Central Vacuum
  • Private Spa: Yes
  • Furnished: Furnished
  • Spa Features: Heated, In Ground
  • Appliances: Built-In Oven, Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Marble, Tile, Wood
  • Living Area: 6954.0
  • Dining Room Type: Den, Family Room, Great Room, Laundry
  • Stories: 2
  • Window Features: Blinds, Drapes, Impact Glass, Sliding

Exterior Features

  • Exterior Features: Balcony, Fence, Outdoor Grill, Patio
  • View: Lake, Pool
  • Lot Features: Sprinklers Automatic
  • Pool Features: Heated, Pool Equipment, Pool, Salt Water, Association, Community
  • Pool Private: Yes
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Open, Patio
  • Property Condition: Resale
  • Roof: Flat, Tile

Garage/Parking

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

Utilities

  • Laundry Features: Laundry Tub
  • Security: Security System, Closed Circuit Camera(s), Gated with Guard, Security Guard, Security Lights, Smoke Detector(s)
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Central, Electric, Zoned
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 547.0
  • Community Features: Clubhouse, Golf, Golf Course Community, Gated, Pickleball, Pool, Street Lights, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Golf Course, Pickleball, Private Membership, Pool, Tennis Court(s), Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas

Lot Info

  • Parcel #: 73414415210000060
  • Lot Size: 1/2 to < 1 Acre,Public R
  • Lot Size Sq Ft: 30200.0
  • Zoning Description: WELL_P
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 105197.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
May 30, 2024
Sold by
Penfold Kimberly and Penfold Lindsay
Bought by
Anagnostakis Anthony
Seller's Agent
Kim Jenard
Douglas Elliman (Wellington)
Buyer's Agent
Andrew Leibowitz
Leibowitz Realty Group, LLC./PBG
List Price
$10,750,000
Sold Price
$9,500,000
Premium/Discount to List
-$1,250,000
-11.63%
Views
75
Current Estimated Value
$8,121,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,378,775
Avg. Annual Appreciation
-6.67%

Purchase Details

Closed on
May 11, 2018
Sold by
Lemonis Marcus A and Marcus Lemonis Revocable Trust
Bought by
Lemonis Ila and Ila Lemonis Living Trust

Purchase Details

Listed on
Jan 19, 2017
Closed on
Nov 10, 2017
Sold by
Estate Homes By Stock Llc
Bought by
Lemon Family Property Company Lc
Seller's Agent
Carol Sollak
Engel & Volkers Wellington
Buyer's Agent
Kim Jenard
Douglas Elliman (Wellington)
List Price
$7,395,000
Sold Price
$7,000,000
Premium/Discount to List
-$395,000
-5.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.94%

Purchase Details

Listed on
Mar 30, 2015
Closed on
Sep 5, 2015
Sold by
Carlson Alan G and Alan G Carlson Gst Exempt Trus
Bought by
Estate Homes By Stock Llc
Seller's Agent
Carol Sollak
Engel & Volkers Wellington
Buyer's Agent
Carol Sollak
Engel & Volkers Wellington
List Price
$875,000
Sold Price
$800,000
Premium/Discount to List
-$75,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
182.31%

Purchase Details

Closed on
Feb 4, 2013
Sold by
Palm Beach Polo Holdings Inc
Bought by
Alan G Carlson Gst Exempt Trust
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
Anagnostakis Anthony $9,500,000 None Listed On Document
Lemonis Ila -- Attorney
Lemonis Marcus A -- Attorney
Lemon Family Property Company Lc $7,000,000 Noble Title & Trust Llc
Estate Homes By Stock Llc $800,000 Attorney
Alan G Carlson Gst Exempt Trust $575,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inwood Kevin D $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $9,500,000 -11.6% $1,366 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $10,750,000 +53.6% $1,546 / Sq Ft
11/10/2017 11/10/17 Sold $7,000,000 -5.3% $1,007 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $7,395,000 +824.4% $1,063 / Sq Ft
10/09/2015 10/09/15 Sold $800,000 -8.6% $115 / Sq Ft
09/09/2015 09/09/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $875,000 -- $126 / 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 $107,934 $5,715,586 -- --
2023 $105,197 $5,245,364 $0 $0
2022 $97,771 $4,768,513 $0 $0
2021 $86,600 $4,335,012 $1,362,500 $2,972,512
2020 $85,090 $4,225,676 $1,000,000 $3,225,676
2019 $103,275 $5,077,248 $1,000,000 $4,077,248
2018 $96,163 $4,856,386 $1,000,000 $3,856,386
2017 $13,834 $682,600 $682,600 $0
2016 $14,169 $682,600 $0 $0
2015 $13,175 $577,655 $0 $0
2014 $11,390 $525,141 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kim Jenard

    Douglas Elliman (Wellington)

    (561) 644-9650

    4 in this area

    34 Total Sales

    Section Image

  • A

    Buyer's Agent in 2024

    Andrew Leibowitz

    Leibowitz Realty Group, LLC./PBG

    (561) 262-0724

    1 in this area

    243 Total Sales

    Section Image

  • C

    Seller's Agent in 2017

    Carol Sollak

    Engel & Volkers Wellington

    (561) 818-9476

    98 in this area

    143 Total Sales

    Section Image

  • B

    Buyer Co-Listing Agent in 2017

    Betsy Keiser

    Keller Williams Realty - Welli

    (561) 472-1236

    19 in this area

    97 Total Sales

    Section Image
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Map

Source: BeachesMLS

MLS Number: R10966489

BeachesMLS

APN: 73-41-44-15-21-000-0060

Florida Palm Beach County Wellington 33414 Palm Beach Polo and Country

12479 Cypress Island Way, Wellington, FL

This home is located at 12479 Cypress Island Way, Wellington, FL 33414 since 07 March 2024 and is currently estimated at $8,121,225, approximately $1,167 per square foot. This property was built in 2017. 12479 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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