Versailles in Wellington FL | Homes for Sale | Market Report May 2016
Versailles in Wellington Florida undoubtedly, has the most amazing prices in the country for mini mansions! When looking for homes for sale in Wellington Florida, where else can you find properties with stunning renaissance style architecture covering over 5000 square feet under air priced for less than a million dollars? These are remarkable values.
Often buyers ask why are the prices so low in Versailles in Wellington Florida and if the prices are that low, what is wrong with the community or the homes? Well, we say one man’s folly is another man’s opportunity! It was during the pinnacle of the boom in Wellington Florida that Versailles in Wellington Florida had started to be built. At that time, houses in the state were selling for over $1,000,000.
Generally, what happened was individuals and speculators bought several homes almost during the same time as they dreamt of flipping these pre-construction McMansions for over $100,000 in quick profits. They took risks on putting the properties up for sale even before the builders finished them and before they closed on their loans. These people just got entangled when the bubble burst unexpectedly. At that point, in Versailles in Wellington Florida, mortgage fraud was also prevalent. Unsurprisingly, the people did not have funds to pay for all the house payments of the costly homes.
Most of these homes were selling from $1,000,000 to over $3,000,000 during the boom. For a budget of less than a million dollars, it was extremely difficult to find a home for sale. Now, on the other hand, you can pretty much name your price and reside in this wonderful secured and gated community of Versailles in Wellington Florida.
Versailles is close to elementary, middle, and high schools, the Wellington Regional Hospital, and the Wellington Green Mall which gives you access to all the restaurants and shops you want right at your back door. Whole Foods is also just literally two minutes away, so if you love healthy organic meals, you can whip up dishes to your heart’s content as often as you want! Likewise, you’ll have convenient access to the Florida Turnpike and you are right off of State Road 7 or 441 as well.
The clubhouse is more lavish than a resort as it is astoundingly complete with a lush pool and spa, a state of the art fitness center, a spacious recreation room, fun kiddy areas, and more. The entrance and the clubhouse, just by itself, cost over $3,000,000 to build!
Have fun and play a friendly game of tennis or shoot some hoops on the basketball courts with one of the many welcoming neighbors you’ll meet in Versailles. The clubhouse is equipped with an amusing game room, an extensive library, a modern business center and more.
Soak in the sun around the resort style pool and spa. Have a fun get together with neighbors, families and friends. The tree lined roads are filled with upscale Palm Trees and exquisite landscaping that make you feel like you are vacationing on some exotic island resort complete with a 24/7 secured and guarded gate.
Take pleasure in the amazing lakes and relaxing walk ways Versailles has to offer. The development is divided into various smaller sections in island-like settings. There are over 450 homes in the Versailles in Wellington Florida development.
Market Report May 2016
Currently, there are 19 homes for sale in Versailles in Wellington Fl with living space ranging from 2,549 square feet to 5,787 square feet. As for the price range, it varies from $510,000 to up to $1,177,000. There are 2 homes under contract in this community. Of these homes, 1 is a traditional sale and 1 is a bank owned/REO property.
Versailles Homes for Sale in Wellington Fl:
- 18 Homes – Traditional Sales – Average List Price: $733,544
- No Short Sales
- 1 Home – Bank Owned/REO Property – Current List Price: $528,900
There was 1 home sold in the community of Versailles in Wellington FL during May 2016. It was listed for $1,190,000. After staying on the market for 198 days, it was then sold for $1,185,000. There were 4 pending sales in the community. The homes were listed for the average price of $852,950 and they stayed on the market for 150 days overall.
There were 3 homes sold in the community during the same period last year. These homes were listed for the average price of $779,633. After staying on the market for 113 days overall, they were then sold for $727,333. There were 2 pending sales in the community at that time. The homes were listed for the average price of $472,450 and they stayed on the market for 79 days overall.
For more information on homes for sale in Versailles in Wellington Florida, please call us, Katerina Gasset , at 561-502-1577. Katerina Gasset offers exclusive equestrian buyer representation for horse enthusiasts. We have all the tools to search for the right home for you. Allow us to provide all the tools and information you need to satisfy your real estate needs in Wellington the Equestrian Capital of the World.