David Welles presents

Spectacular 10-acre equestrian estate in the exclusive gated community of Palm Beach Point. The main residence is truly one of a kind. Totally renovated no expense was spared. An open yet private floor plan with 4 spacious and bright bedrooms with ensuite baths. The sprawling kitchen with breakfast nook flows into the expansive family room with views of the pool and riding arena. Adjacent to the kitchen area is a wine cellar and butlers pantry with a seamless flow into the dining and living rooms. There is a large entertainment room that offers multiple options.The stable offers 12 stalls, 2 tack rooms, laundry, fly spray and 1/2 bath. The separate storage building is perfect for feed, hay & shavings along with tractor and jump storage. The 120 X 240 riding arena is adjacent to the 5 acre grass jump field with perimeter exercise track. There are 8 paddocks throughout the property. The property also includes a whole house generator for extra security. There are 2 gated entrances to the property for the residence and stable respectively. Truly a "Must See" property.

Address: 15787 Imperial Point Lane, Wellington, FL 33414

Price: $12,950,000

For more information, please contact David Welles at 561-313-9123 or dwelles@equestriansir.com

Photo Credit: Next Listing Studio

Photo Credit: Next Listing Studio

Photo Credit: Next Listing Studio

Photo Credit: Next Listing Studio

Photo Credit: Next Listing Studio

Photo Credit: Next Listing Studio

Photo Credit: Next Listing Studio

The post A Spectacular 10-Acre Equestrian Estate In Wellington By David Welles appeared first on Haute Residence by Haute Living.

How did the third quarter of 2020 real estate perform in Wellington?

The 3rd quarter was very solid outpacing last year which was a record until now. Between properties going under contract, closings, and new listings, the 3rd quarter has been amazing amid the pandemic.

Photo Credit: Jonah Heil

Do you expect a more or less active 4th quarter for this year than previous years?

Based upon the 3rd quarter results we expect the activity to remain strong right up to the holidays.

Photo Credit: Jonah Heil

Photo Credit: Jonah Heil

The post David Welles On Wellington Real Estate During The 3rd Quarter Of 2020 appeared first on Haute Residence by Haute Living.

They were hosted by Haute Living's Erik Haase. Watch the webinar below

About today's panelists:

Catherine Burgess is Founder of Burgess Group of Compass in Boulder, one of the top producing teams in the state of Colorado.

David Welles is the top listing and sales agent in Wellington, FL equestrian community since 2015, with over $100 million in current listings.

Highlight quotes:

Catherine Burgess: "The luxury market really picked up in May, and has been very comfortable. It's not the same in terms of inventory and under-contracts every week, but fairly balanced... Currently, we have had three weeks [that has led to] a healthier spot than we were at this point in 2019... We typically have a few people coming from Houston, Dallas, and Austin. Now, we have them from D.C., Boston, New York, Chicago, San Francisco, and a little bit from Seattle; pretty much all the dense places... For our sellers, we are drawing buyers who may not be here before they close... There has been huge progress in how we can best assess people so they feel they have the green light to move forward... We are keeping our eyes on what our clients need to feel well-served."

David Welles: "The summer season usually slows down for us, but this year was different. We have had a record year to date, people wanting to move out of the cities, not only because of the Coronavirus but the tax breaks. The market here is very strong for luxury homes and equestrian farms... Most of my buyers are cash buyers, but some of them are looking at how record lows of cost of money is, with a 2.5-3% interest rate for a $10 million property [for example]... The luxury market here is strong in the $1-5 million range... Properties are going for record prices... We have been able to reach out to other agents around the country and become a tight group with a lot of referrals going back and forth. That's going to keep us stronger as we get through the pandemic."

To watch more real estate webinars curated by Haute Residence, visit dev.hauteresidence.com.

Catherine Burgess, David Welles

The post Watch: “Coast To Coast” Real Estate Webinar #5 By Haute Residence appeared first on Haute Residence by Haute Living.