Developer Joe Farrell is set to introduce a new level of opulence to Wellington’s Palm Beach Polo & Country Club with the launch of 27 luxury single-family homes. Prices for these high-end residences start at $6 million and soar up to $11.5 million. Ranging from 5,300 to 8,900 square feet, these dream homes are anticipated to be completed by summer 2025.
Luxury in Full Swing: Farrell's High-Profile Marketing Strategy
To kick off sales, Farrell is taking the spotlight at the prestigious Hampton Classic in Bridgehampton, a premier event on the American horse show circuit. This strategic sponsorship and promotional tent is set to attract high-net-worth buyers looking for their next lavish investment.
Farrell acquired the 23-acre site at 11153 Polo Club Road from Glenn Straub for $12.6 million last year. This prime land, previously home to the now-defunct East Course golf course, is poised for transformation into an elite enclave of luxury homes.
A veteran of the Hamptons luxury market, Farrell is making waves in South Florida. Earlier this year, he purchased an oceanfront compound in Manalapan for $32.5 million. The area has seen a surge in ultra-wealthy buyers, bolstered by Oracle billionaire Larry Ellison’s eye-popping $173 million purchase in 2022. Farrell's Manalapan mansion is now listed at a staggering $95 million, with Margit Brandt of Premier Estate Properties representing the listing.
Wellington's Boom: The Equestrian Village on the Rise
Farrell’s Wellington project arrives during a boom period for this equestrian village. Recent years have seen a surge in demand for luxury homes, spurred by the pandemic and a growing interest in equestrian sports. Notable figures like Katrina Peebles have capitalized on this trend, flipping high-end properties within Palm Beach Polo & Country Club. Meanwhile, developer Mark Bellissimo has stirred controversy with his Wellington development plan, which proposes removing 96 acres from the village’s equestrian preserve to build 49 single-family homes, 47 townhomes, and 107 luxury villas, complete with a clubhouse and golf facility.
Stay tuned for more updates on this exciting development in Wellington’s luxury real estate market and if you are looking to move to the area, make sure to contact The Mastropieri Group at 561-544-7000 today!
Posted by Larry Mastropieri on
Leave A Comment