NOT LISTED FOR SALE

5240 Laredo Way Wellington, FL 33449

14 Beds
10 Baths
8,723 Sq Ft
31 Acres

Last Sold October 15, 2021

Last sale price $30,000,000 $3,439 Per Sq Ft

362 Days on Market

Highlights

  • Horses Allowed in Community
  • Gated Community
  • Wood Flooring
  • Panther Run Elementary School Rated A-
  • Waterfront
  • Den

About This Home

As of October 2021

This home is located at 5240 Laredo Way, Wellington, FL 33449 since 17 September 2020. This property was built in 2018. 5240 Laredo Way is a home located in Palm Beach County with nearby schools including Panther Run Elementary School, Polo Park Middle School, and Wellington High School.

Last Agent to Sell the Property

Michelle Hall

Equestrian Sotheby's International Realty Inc. License #3266368 Listed on: 09/17/2020

Equestrian Sotheby's International Realty Inc.

Last Buyer's Agent

Michelle Hall

Equestrian Sotheby's International Realty Inc. License #3266368 Listed on: 09/17/2020

Equestrian Sotheby's International Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $197,381

Year Built

  • Built in 2018

Lot Details

  • Waterfront
  • Fenced
  • Sprinkler System
  • Property is zoned EOZD (ci

HOA Fees

  • $5,132 Monthly HOA Fees

Interior Spaces

  • 8,723 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Built-In Features
  • Den

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Security Gate
  • Fire and Smoke Detector

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Schools

  • Panther Run Elementary School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 73414434050000150

Community Details

Overview

  • Wellington Preserve Subdivision

Recreation

  • Horses Allowed in Community

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$197,381

Year Built

Built in 2018

Lot Details

0

HOA Fees

$5,132 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: From Lake Worth Rd, take 120th Ave South to 50th St and go West. Turn left onto Everglades Way, left on Wellington Preserve Blvd.
  • Year Built: 2018
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Built-in Features
  • Furnished: Negotiable
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Refrigerator, Washer
  • Full Bathrooms: 10
  • Total Bedrooms: 14
  • Flooring: Tile, Wood
  • Living Area: 8723.0
  • Dining Room Type: Den
  • Stories: 2
  • Window Features: Drapes

Exterior Features

  • Exterior Features: Fence, Patio
  • Lot Features: Sprinklers Automatic
  • Pool Features: None
  • Pool Private: No
  • Waterfront: Yes
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Garage Yn: No
  • Parking Features: Garage Door Opener

Utilities

  • Security: Security Gate, Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 5132.0
  • Community Features: Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Schools

  • Elementary School: Panther Run

Lot Info

  • Parcel #: 73414434050000150
  • Horse Amenities: Horses Allowed
  • Zoning Description: EOZD (ci

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 197381.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Oct 12, 2021
Sold by
Green Light Partners Llc
Bought by
Laredo Preserve Llc
Seller's Agent
Michelle Hall
Equestrian Sotheby's International Realty Inc.
Buyer's Agent
Michelle Hall
Equestrian Sotheby's International Realty Inc.
List Price
$40,000,000
Sold Price
$30,000,000
Premium/Discount to List
-$10,000,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Outstanding Balance
$9,256,463
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End 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
Laredo Preserve Llc $30,000,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laredo Preserve Llc $10,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $30,000,000 -25.0% $3,439 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/17/2020 09/17/20 For Sale $40,000,000 -- $4,586 / 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 $215,444 $11,005,447 -- --
2023 $218,883 $11,106,861 $916,053 $10,190,808
2022 $222,729 $11,113,111 $0 $0
2021 $196,704 $9,509,455 $824,448 $8,685,007
2020 $197,381 $9,477,438 $824,448 $8,652,990
2019 $279,337 $13,422,046 $5,282,572 $8,139,474
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michelle Hall

    Equestrian Sotheby's International Realty Inc.

    (713) 303-7369

    14 Total Sales

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Map

Source: BeachesMLS

MLS Number: R10655886

BeachesMLS

APN: 73-41-44-34-05-000-0150

Florida Palm Beach County Wellington 33449

5240 Laredo Way, Wellington, FL

This home is located at 5240 Laredo Way, Wellington, FL 33449 since 17 September 2020. This property was built in 2018. 5240 Laredo Way is a home located in Palm Beach County with nearby schools including Panther Run 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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