Next Neighbourhoods: Wellington, Florida, USA
John Greene of Douglas Elliman Florida, Knight Frank’s US Partner, discusses why the fifth largest municipality in Palm Beach County is one to watch
Why is the area up and coming?
Once a sleepy town in western Palm Beach County, Wellington has become a lifestyle destination for affluent equestrians. The Coach House, a new full-service boutique condominium project (the first of its kind in Wellington), is filling a void in this market. Wellington is the world’s winter polo capital and also home to such illustrious names as Gates, Bloomberg, Jobs and Springsteen.
My favourite bits
Kontiki is an Asian-tinged eclectic restaurant and bar popular with seasonal guests. Kelly pours a perfect cocktail and their sashimi is always fresh. Be sure to try the Lobster Bomb if you visit.
Who’s buying?
The high-end real estate market is strongly supported by American buyers, but international interest is growing. Due to the growth and success of equestrian competition at the highest level, Wellington continues to attract buyers from Europe, South America and Canada.
What will my money buy me?
An updated two-bedroom condo in Palm Beach Polo will cost around US$500,000.
If you’re looking for an equestrian property to share with your multi-million dollar horses, be prepared to spend upwards of US$15 million, especially if you want to hack to the showgrounds.
