Versailles in Wellington Florida has some of the best prices for mini mansions in the country! Where else can you get gorgeous renaseance style architecture with over 6000 square feet under air for less than a million dollars in Wellington Florida or anywhere in South Florida? These are amazing values.
Often buyers ask why are the prices so low in Versailles in Wellington Florida and what is wrong with the houses or the community if the prices are so low. Well, one man's folly is another man's opportunity! Versailles in Wellington Florida was being built at the height of the boom here in Wellington Florida. Mostly what happened is speculators and individuals who had dreams of flipping these McMansions for $100,000 and more profits bought several homes at the same time. They were gambling on selling the properties before the builder was finished and before they would have to close on their loans. It just so happened that this people were caught when the bubble burst. There was also a lot of mortgage fraud going on in Versailles in Wellington Florida. Needless to say, the people could not afford to make all these house payments on these high prices homes.
Most of these homes were selling from $1,000,000 to over $3,000,000 during the boom. It was hard pressed to find one for sale under a million dollars. Well, now you can just about name your price to live in this awesome gated and secured neighborhood at Versailles in Wellington Florida.
Versailles is close to Wellington Regional Hospital, elementary, middle and high schools and minutes from the Wellington Green Mall with all the shops and eateries you need right at your back door. If you love to shop at Whole Foods, well, it is just a couple minutes away! You also have easy access to the Florida Turnpike and you are right off of State Road 7 or 441.
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The clubhouse and the entrance itself cost over $3,000,000 to build and is better than a resort complete with an amazing pool and spa, fitness center, recreation room, kiddie areas and a lot more.
Let loose on the basketball courts or enjoy a game of tennis with one of the many friendly neighbors you are bound to run into. The clubhouse is complete with a game room, library, fitness center, business center and more.
The tree lined roads are filled with upscale Palm Trees and landscaping that make you feel like you are on some island resort complete with a 24/7 guard gate for security. Enjoy the fabulous lakes and walk ways around Versailles.The community is divided into different sections of smaller island type settings.
There are 456 homes in the Versailles in Wellington Florida development. Currently there are 64 homes for sale and I even found a couple that have reduced their prices into the high $200,000's! Now, that is a bargain price for a high end luxury home! Now is your time to take advantage of South Florida's real estate market! There is one home that is listed for $280,000 but the owner paid over $630,000 for that home! These are bargain basement prices! Another home is listed for $500,000 and the owners paid over $900,000 for the house when it was being built.
In Versailles in Wellington Florida the prices of the 64 homes for sale consist of 3 asking $280,000 to $299,000. I am not sure if these are prices that the short sale lenders are going to take because those are lower than the market value. There are:
- 13 homes for sale asking for $315,000 to $399,000;
- 19 asking $400,000 to $499,000;
- 11 for between $500,000 to $599,000;
- 4 asking $610,000 to $699,000;
- 3 asking in the $700,000's;
- 5 for between $800,000 to $899,900;
- 1 is asking $990,000;
- 5 are trying to sell their homes for $1,000,095 to $1,295,000.
In Versailles in Wellington Florida there were 14 homes sold or under contract to be sold since May 26,2009. Of the homes that have actually closed by now:
- The lowest price was $330,000 for a 4 bedroom, 4.5 bathroom, 3 car garage;
- there were 5 homes that sold in the $300,000's;
- there were two homes sold in the $400,000's;
- 1 home sold for $665,000 which was a 6 bedroom home with 4.5 bathrooms and a 3 car garage.
Enjoy this video tour of Versailles in Wellington Florida:
You can do an interactive search of all the homes for sale in Versailles in Wellington Florida right here on this blog article. Below is an interactive search tool that you can use and you do not even have to give us your name or number or email to search for a home with this search for a home in Wellington Florida tool. You can change your search specifics also; like choose the bedrooms, baths, pool and other criteria to see what is available in real time.
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