Paddock Park 1 Of Wellington Homes for Sale

Paddock Park 1 Of Wellington is a luxury community in Wellington, Palm Beach County, Florida. Properties are priced from $2,000,000 to $4,000,000. Pure Equity lists homes in Paddock Park 1 Of Wellington and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Paddock Park 1 Of Wellington and the Wellington area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 13 Paddock Park 1 Of Wellington Wellington homes for sale as of October 2026. The median asking price is $2.29M. Asking prices run from $1.43M to $3.4M.

That is 146% above the Wellington median of $930,000. On a per-foot basis, homes here ask about $630 per square foot, compared with $378 across Wellington. So the median price buys roughly 3,650 square feet of living area.

Listings here have averaged 104 days on the market. That tracks the Wellington average of 122 days, so pricing and terms follow the wider city market.

Homes listed in Paddock Park 1 Of Wellington date from 1984 to 2025. That puts them between 1 and 42 years old.

The range straddles 2002, when Florida adopted its statewide building code. Therefore two similar-looking homes here can carry very different insurance premiums. Ask for the wind mitigation report on any home you consider, since it drives much of that difference.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

At a median near $2.29M, Paddock Park 1 Of Wellington sits in the luxury tier of Wellington. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Paddock Park 1 Of Wellington have a median asking rent of $19,500 per month, across 7 active rental listings. For comparison, the Wellington median is $5,000, so rents here run 290% higher.

For investors, those medians imply a gross yield near 10.2% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Wellington rentals or ask us for a rent estimate on a specific Paddock Park 1 Of Wellington home.

Here is what the median Paddock Park 1 Of Wellington price means in Florida closing terms. At $2.29M, a 20% down payment comes to about $458,000, leaving a loan near $1.83M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $6,412. Next, the intangible tax of 0.2% adds about $3,664. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Paddock Park 1 Of Wellington median, that is about $16,030.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Paddock Park 1 Of Wellington listings show assignments to Binks Forest (elementary), Wellington Landings (middle) and Wellington (high). However, boundaries can change each year, so confirm the assignment for a specific address with the School District of Palm Beach County.