NOT LISTED FOR SALE

2981 Blue Cypress Ln Wellington, FL 33414

Palm Beach Polo and Country Neighborhood

Estimated Value: $3,629,000

4 Beds
4.5 Baths
3,932 Sq Ft
$923/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $2,450,000 $623 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $22,936/month

124 Days on Market

Highlights

  • On Golf Course
  • Gated with Attendant
  • Private Pool
  • Polo Park Middle School Rated A-
  • Newly Remodeled
  • Private Membership Available

About This Home

As of March 2020

Located in Wellington's most prestigious community, Palm Beach Polo & Country Club, find ultimate turnkey luxury in this stunning 4 bedroom, 4 1/2 bathroom Technology Advanced Smart Home. Wolf, Subzero appliances, custom French Oak and stone floors complete with outdoor kitchen and salt water pool. Overlooking the 92 acre preserve and golf course with water views, there is always a breathtaking sunset every evening as you entertain poolside.Newly finished bespoke interior design and custom finishes throughout. The home includes a thoughtfully curated art collection with custom furnishings, fabrics, and draperies. Sophisticated layers of well planned design are a vision of a Luxury Equestrian Living.

Last Agent to Sell the Property

Casey Flannery

Equestrian Sotheby's International Realty Inc. License #3060598 Listed on: 10/28/2019

Equestrian Sotheby's International Realty Inc.

Last Buyer's Agent

Casey Flannery

Equestrian Sotheby's International Realty Inc. License #3060598 Listed on: 10/28/2019

Equestrian Sotheby's International Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $41,423

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 8,315 Sq Ft Lot
  • On Golf Course
  • Fenced
  • Sprinkler System
  • Property is zoned WELL_P

HOA Fees

  • $312 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Golf Course
  • Garden

Home Design

  • Aluminum Roof
  • Metal Roof

Interior Spaces

  • 3,932 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bar
  • High Ceiling
  • Ceiling Fan
  • French Doors
  • Great Room
  • Combination Kitchen and Dining Room
  • Den

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Impact Glass

Outdoor Features

  • Private Pool
  • Balcony
  • Deck
  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 73414415230000420

Community Details

Overview

  • Association fees include common areas, security
  • Private Membership Available
  • Blue Cypress Repl At Palm Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Putting Green
  • Trails

Additional Features

  • Clubhouse
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$41,423

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$312 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Forest Hill Blvd to PB Polo & CC entrance
  • Year Built: 2017
  • New Construction: Yes
  • Year Built Details: New Construction
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Wet Bar, Breakfast Area, Eat-in Kitchen, French Door(s)/Atrium Door(s), High Ceilings, Kitchen/Dining Combo, Pantry, Bar, Walk-In Closet(s)
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Flooring: Ceramic Tile, Wood
  • Living Area: 3932.0
  • Dining Room Type: Den, Great Room
  • Stories: 2
  • Window Features: Impact Glass

Exterior Features

  • Exterior Features: Balcony, Deck, Fence, Outdoor Grill, Patio
  • View: Golf Course, Garden
  • Lot Features: On Golf Course, Sprinklers Automatic, < 1/4 Acre
  • Pool Features: Pool, Association, Community
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block
  • Patio And Porch Features: Balcony, Deck, Open, Patio
  • Property Condition: New Construction
  • Roof: Aluminum, Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Garage, Two or More Spaces

Utilities

  • Security: Security System, Gated with Guard, Security Guard
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 312.0
  • Community Features: Clubhouse, Golf, Golf Course Community, Pool, Sidewalks, Tennis Court(s)
  • Senior Community: No
  • Amenities: Clubhouse, Golf Course, Private Membership, Pool, Putting Green(s), Tennis Court(s), Trail(s)
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Common Areas, Security

Lot Info

  • Parcel #: 73414415230000420
  • Lot Size Sq Ft: 8315.0
  • Zoning Description: WELL_P
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 41423.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2019
Closed on
Mar 31, 2020
Sold by
Fairty John C and Fairty Diana
Bought by
Padovani Jennifer
Seller's Agent
Casey Flannery
Equestrian Sotheby's International Realty Inc.
Buyer's Agent
Casey Flannery
Equestrian Sotheby's International Realty Inc.
List Price
$2,849,000
Sold Price
$2,450,000
Premium/Discount to List
-$399,000
-14%
Current Estimated Value
$3,629,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,179,000

Purchase Details

Closed on
May 17, 2016
Sold by
Palm Beach Polo Holdings Inc
Bought by
Pegasus Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,306,561
Interest Rate
3.57%

Purchase Details

Closed on
Apr 1, 2016
Bought by
Fairty John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,306,561
Interest Rate
3.57%

Purchase Details

Closed on
Mar 18, 2016
Sold by
Pegasus Buildrs Inc
Bought by
Faity John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,306,561
Interest Rate
3.57%

Purchase Details

Listed on
May 22, 2014
Closed on
Jul 10, 2015
Sold by
Palm Beach Polo Holdings Inc
Bought by
Pegasus Builders Inc
Seller's Agent
Mark Norman
Douglas Elliman (Wellington)
Buyer's Agent
Casey Flannery
Equestrian Sotheby's International Realty Inc.
List Price
$475,000
Sold Price
$475,000
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
Padovani Jennifer $2,450,000 Attorney
Pegasus Builders Inc $100 --
Fairty John C -- --
Faity John C $475,000 Attorney
Pegasus Builders Inc $475,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pegasus Builders Inc $1,306,561
Previous Owner Pegasus Builders Inc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2020 03/31/20 Sold $2,450,000 -14.0% $623 / Sq Ft
03/01/2020 03/01/20 Pending -- -- --
10/28/2019 10/28/19 For Sale $2,849,000 +499.8% $725 / Sq Ft
07/17/2015 07/17/15 Sold $475,000 0.0% $127 / Sq Ft View Prior Sale
06/17/2015 06/17/15 Pending -- -- --
05/22/2014 05/22/14 For Sale $475,000 -- $127 / 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
2020 $42,522 $2,233,619 $550,000 $1,683,619
2019 -- $1,841,108 $495,000 $1,346,108
2018 -- $2,093,701 $465,000 $1,628,701
2017 -- $399,000 $399,000 $0
2016 -- $380,000 $0 $0
2015 -- $264,000 $0 $0
2014 -- $240,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Casey Flannery

    Seller's Agent in 2020

    Casey Flannery

    Equestrian Sotheby's International Realty Inc.

    (561) 718-1472

    62 in this area

    121 Total Sales

    Casey Flannery
    Section Image

  • M

    Seller's Agent in 2015

    Mark Norman

    Douglas Elliman (Wellington)

    (561) 762-3226

    18 in this area

    40 Total Sales

    Mark Norman
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10573239

BeachesMLS

APN: 73-41-44-15-23-000-0420

Florida Palm Beach County Wellington 33414 Palm Beach Polo and Country

2981 Blue Cypress Ln, Wellington, FL

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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