9732 Phipps Lane, Wellington, FL, 33414 | $1,102,500

Welcome to this PICTURESQUE TROPICAL BACKYARD RETREAT overlooking tranquil lake views, designed to feel like a private resort. Set on a cul-de-sac in Olympia, this exceptional residence is highlighted by a freeform PebbleTec salt-system pool and spa, expansive travertine decking, lush tropical landscaping, and winding rock pathways that create a serene outdoor escape. Designed for effortless indoor-outdoor living, the home offers a covered patio with Phantom screens, an upper balcony with retractable awnings, and a generous side yard finished with turf, creating a beautiful low-maintenance green space. The backyard is fully fenced, providing a secure area for pets to roam and enjoy the peaceful surroundings. An 8' X 8' attached storage room provides convenient space for pool toys, outdoor equipment, and entertaining essentials. a buried PROPANE TANK efficiently heats the pool and spa and also offers the option for future generator capability. The expansive outdoor living areas create an ideal setting for entertaining, relaxing, and enjoying Florida's year-round sunshine. Inside, the home showcases quality craftsmanship and contemporary design, featuring extensive moldings, inlaid mirrors, clean lines, and an abundance of natural light. Impact sliding glass doors and an etched impact glass front entry door enhance both style and security. . . . . The expansive kitchen is designed for both everyday living and entertaining, offering white shaker cabinetry, a massive counter-height island topped with exotic granite and abundant storage, while the surrounding counters feature sleek quartz surfaces. Stainless steel appliances include a new slide-in range, microwave, and dishwasher, along with a wine refrigerator and a built-in butler's pantry. . . . . The main level offers a versatile fifth bedroom with a full bath, currently designed with custom built-ins and ample space for a pullout king-size sofa bed-perfect for guests, a home office, or flex space. A magnificent staircase with Mahogany steps, glass panels and rich mahogany accents creates a striking architectural feature. Beneath the staircase is a built-in nook with a decorative metal door, ideal for additional storage or even a cozy retreat for your four-legged family member. Throughout the main living areas downstairs you will find luxury vinyl plank flooring and Hybrid Plus walnut planks in the downstairs flex room and entire upstairs, with no carpet anywhere in the home. . . . . Upstairs features a spacious loft and four additional bedrooms, including the primary suite with a private balcony overlooking the serene backyard and lake-perfect for morning coffee or evening cocktails. The primary retreat includes two custom walk-in closets and a beautifully designed spa-style bath featuring a soaking tub and a stunning shower with book-matched exotic granite and a seamless glass enclosure. All closets throughout the home are custom outfitted, and the bathrooms feature cohesive cabinetry, granite countertops, and double-sink vanities, including a guest bath with dual sinks and a Jack-and-Jill bath also featuring double sinks. Contemporary lighting, designer ceiling fans, plantation shutters, and solid-core interior doors add to the home's refined finish. . . . . Additional highlights include two new air conditioning systems, a widened driveway accommodating three vehicles, landscape lighting, gutters, accordion shutters, security cameras, and a garage with extensive cabinetry and a beautifully finished floor. The home is also equipped with an electric vehicle charging station. . . . . Villa Olympia offers world-class amenities, including a lagoon-style pool and spa, tennis courts, pickleball, basketball, volleyball, a playground, an indoor basketball court, and a state-of-the-art fitness center plus an outdoor entertaining patio. . . . . HOA fees cover 24-hour gated security, recreation amenities, common area maintenance, internet, & irrigation. Walk to A-rated schools, the Wellington Green Mall, fine dining, Trader Joe's, & Whole Foods. Close to world-class equestrian events, the Wellington Tennis Center, Palm Beach Island, and more. . . . . Meticulously maintained and move-in ready, this exceptional home offers a rare combination of thoughtful upgrades, beautiful design, and a picturesque lakefront setting.

Features

  • Amenities: Basketball Court, Cabana, Clubhouse, Fitness Center, Game Room, Jogging Path, Management, Picnic Area, Playground, Pool, Spa/Hot Tub, Tennis Court(s), Manager On Site, Business Center, Community Room, Heated Pool, Lobby, Pickleball Court(s), Sidewalks, Street Lights, Gated, Security, Recreation Facilities
  • Rooms: 10
  • Bedrooms: 5
  • Baths: 4 full
  • Laundry: Inside, Laundry Room, Upper Level, Laundry Tub
  • Style: Mediterranean
  • Development: PHIPPS
  • Year Built: 2010
  • Garage: 2-car Attached
  • Heating: Central, Electric, Zoned
  • Cooling: Electric, Zoned, Paddle Fan(s)
  • Approx Sq. Feet: 3,333
  • Acreage: 0.23
  • Est. Taxes: $10,906
  • HOA Fee: $47 Monthly
  • Lot Desc: Cul-De-Sac, Interior Lot, Irregular Lot, Many Trees, Sidewalks, Landscaped, Oversized Lot
  • View: Water, Lake
  • Water Front: Yes
  • Elem. School: Equestrian Trails
  • Middle School: Emerald Cove
  • High School: Palm Beach Central
  • Pool: Fenced, Gas Heat, Gunite, Heated, In Ground, Pool/Spa Combo, Salt Water, Child Gate, Equipment Included, Free Form, Private
  • Pet Policy: Yes, No Restrictions
  • Appliances: Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Washer, Wine Refrigerator
  • MLS#: B26002857
  • Website: https://www.raveis.com
    /eprop/B26002857/9732phippslane_wellington_fl?source=qrflyer
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Listing courtesy of Berkshire Hathaway Florida Realty

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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9732 Phipps Lane, Wellington, FL, 33414

$1,102,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $882,000 $882,000 $882,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.125% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.263% 6.223% 6.164%
Monthly Tax Payment $909 $909 $909
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,147 $5,359 $7,443
Total Monthly Payment $6,181 $6,393 $8,477

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.