$5,600,000
SOLD FEB 27, 2025

16450 Norris Rd Wellington, FL 33470

15 Acres
$366,013 Price per Acre
666,468 Sq Ft Lot

Recently Sold

7% Below List Price

91 Days on Market

Highlights

  • Waterfront
  • Binks Forest Elementary School Rated A-
  • 15.3 Acre Lot

About This Lot

As of February 2025

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.

Last Agent to Sell the Property

Carlos Arellano

Southfields Real Estate, Inc. License #416282 Listed on: 10/14/2024

Co-Listed By

Diego Arellano

Southfields Real Estate, Inc. License #3300509

Last Buyer's Agent

Rhonda Koussevitzky

Berkshire Hathaway Florida Realty License #0618626

Berkshire Hathaway Florida Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,264

Lot Details

  • 15.3 Acre Lot
  • Waterfront
  • Property is zoned EOZD(c

Location

  • City Lot

Schools

  • Binks Forest Elementary School
  • Wellington Landings Middle School
  • Wellington High School

Community Details

  • Rustic Ranches Subdivision

Listing and Financial Details

  • Assessor Parcel Number 73404413000005080

Property Details

Property Type

Land

Est. Annual Taxes

$15,264

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Directions: From Southern Blvd, head South on Flying Cow Rd, then turn right onto Norris road, property will be on the Left.
  • Special Features: VirtualTour

Exterior Features

  • Lot Features: City Lot
  • Waterfront: Yes

Schools

  • Elementary School: Binks Forest
  • High School: Wellington
  • Middle Or Junior School: Wellington Landings

Lot Info

  • Parcel #: 73404413000005080
  • Development Status: Raw Land
  • Lot Size Acres: 15.3
  • Lot Size: 11 to 25 Acres
  • Lot Size Sq Ft: 664922.0
  • Zoning Description: EOZD(c
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 15264.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Feb 28, 2025
Sold by
Lc Racing Stables Llc
Bought by
Avanti Holdings Llc
Seller's Agent
Carlos Arellano
Southfields Real Estate, Inc.
Buyer's Agent
Rhonda Koussevitzky
Berkshire Hathaway Florida Realty
List Price
$5,995,000
Sold Price
$5,600,000
Premium/Discount to List
-$395,000
-6.59%
Views
18
Current Estimated Value
$1,578,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,022,000
Avg. Annual Appreciation
21.12%

Purchase Details

Listed on
Mar 29, 2021
Closed on
Dec 30, 2021
Sold by
Liv Laurence and Liv Judith
Bought by
Lc Racing Stables Llc
Seller's Agent
Travis Laas
Engel & Volkers Wellington
Buyer's Agent
Carlos Arellano
Southfields Real Estate, Inc.
List Price
$2,250,000
Sold Price
$2,050,000
Premium/Discount to List
-$200,000
-8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.44%

Purchase Details

Closed on
Aug 25, 2017
Sold by
Murray Laurence H and Murray Judith A
Bought by
Murray Laurence H

Purchase Details

Closed on
Mar 31, 1994
Sold by
Plants Tomorrow Inc
Bought by
Murray Laurence H
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $5,600,000 Union Title Services
Warranty Deed $5,600,000 Union Title Services
Warranty Deed $2,050,000 Thomas G Sherman Pa
Interfamily Deed Transfer -- Attorney
Warranty Deed $90,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 Sold $5,600,000 -6.6% --
01/13/2025 01/13/25 Pending -- -- --
10/14/2024 10/14/24 For Sale $5,995,000 +192.4% --
12/30/2021 12/30/21 Sold $2,050,000 -8.9% --
11/30/2021 11/30/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $2,250,000 -- --
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 $2,829 $21,762 -- --
2023 $15,264 $588,570 $0 $0
2022 $20,272 $954,826 -- --
2021 $3,842 $112,611 $0 $0
2020 $3,689 $101,836 $92,774 $9,062
2019 $3,576 $97,340 $0 $0
2018 $3,256 $99,969 $0 $0
2017 $3,107 $85,140 $0 $0
2016 $2,509 $77,450 $0 $0
2015 $2,368 $69,145 $0 $0
2014 $2,324 $66,439 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R11028791

BeachesMLS

APN: 73-40-44-13-00-000-5080