Olympia
Wellington, FL 33414

Olympia at Wellington Florida is a resort style neighborhood consisting of 1,000 homes. You can choose homes around a lake or up against nature preserves.

Olympia at Wellington Florida has one of the nicest clubhouse set ups I have seen. As you drive to Olympia's clubhouse and recreation areas you are surrounded by Palm trees and a bubbling fountain right in front. Even the parking area is secluded and landscaped nicely with native landscaping. The grand entrance of the clubhouse opens into an outdoor seating area which looks like a wonderful place for a wedding or a Graduation party. Friend and family get togethers are sure to please and be remembered for ages in this neighborhood.

Olympia at Wellington Florida has some shady and comfortale walking and jogging trails around the community and many areas are backed up to wonderful Eco preserves. Pavered walkways add to the elegance and comfort of Olympia.

Not only is the clubhouse really state of the art and upscale so is your own private residents only fitness center. You can meet your trainer here for morning or afternoon workouts. There is also a great room, an indoor basketball court and a children's area.

After working out you can go take a dip in one of the pools and soak in some sun. You will feel like you are some famous resort area on an island somewhere. There is even a safe and fun play area for the little ones. Enjoy outdoor tennis courts and basketball courts.

Nestled off of Forest Hill Blvd and State Road 7 Olympia at Wellington Florida is very conveniently located right across the street from the new Wellington Green Mall, the new Whole Foods Natural Grocer, the Wellington Regional Hospital and the new Palm Beach High School. You have easy access to Florida's Turnpike and also just about 15 minutes from I95 should you need to travel on I95.


View Olympia at Wellington Florida Homes For Sale in a larger map The builder Minto Homes is still building new construction in Olympia at Wellington Florida at this time so if you want to choose all of your own upgrades this may be an option if you can wait for the construction to be completed. Please make sure you have an agent with you when you go and see the model homes so that your agent get registered as your agent. There is no charge to you to use the services of an agent to help you with your new home purchase. Be aware that no one in the sales office works for your interest, they are there working in the builder's best interest.

Minto teamed up with architect Mitch and together they are honoring one of the greatest architects from the first Golden Age of Palm Beach, Maurice Fatio. Maurice's legacy continues to inspire builders and homeowners of more than 130 stately mansions of Palm Beach. With Minto homes his inspiration led to incorporating a few of Mr. Fatio’s architectural details.

Currently there are 85 homes for sale in Olympia at Wellington Florida.Nearly all of them are short sales. There are a lot of these listings that have an offer on them and so they are listed as Contingent; meaning that there is an offer on this property and it is waiting for approval from a short sale lender. For more information about short sales click here to visit our Florida Short Sales page that will help you to understand all about short sales.


Of these 85 homes;

• 27 of them are asking between $200,000 and $299,000- bear in mind that most of these homes were originally bought for over $500,000 and many of these homeowners owe more than 400,000 on their mortgages.
  
• 27 of these homes are asking between $304,900 and $399,999;
  
• 11 homes are asking between $400,000 and $499,000;
  
• then there are 2 homes- one is asking $500,000 and the other is asking $515,000;
  
• there are 5 homes asking in the 600,000's;
  
• 7 homes are asking between $720,000 and $799,999 ( these will be McMansions);
  
• there is one house asking $889,000
  
• and then there are about 5 estate homes asking between $1,050,000 and $1,250,000.

We sold homes in Olympia at Wellington Florida and closed on short sales in Olympia as the listing agent side. We understand short sales and have a lot of experience in getting a short sale accepted by the short sale lender.

Currently there are 39 homes under contract and 22 of them have sold since the middle of May 2009. There are 17 homes that are pending and ready to close.

• The lowest price that sold was a 4 bedroom 2 bathroom home for $192,000! WoW! That was an amazing price!
  
• 12 homes sold for between $209,125 and $295,000. These are the same homes that when Minto was selling these sections brand new people were sleeping outside on the street camping overnight waiting for the sales office to open! The lots were selling for these prices that the houses are selling for today!
  
• 4 homes sold for between $306,000 and $355,000;
  
• 3 homes sold for $400,000, $425,000 and 485,000;
  
• 1 homessold for $505,000;
  
• there is one home that sold for $600,000 and one for $700,000.

Olympia- Wellington Fl Homes For Sale. Currently there are 74 Homes for sale in Olympia- Wellington Fl, a subdivision in Wellington Florida. Out of those 74 homes for sale, 40 of them are Short Sales in Olympia and only 2 are bank owned. That means that over half of the listings in Olympia are short sales.

Last year around this time there were over 100 homes for sale in the Olympia subdivision so the inventory has gone down. The reason there are so many short sales in Olympia is because it was being built right in the peak of the real estate boom here. The prices became overinflated very quickly. People were camping out on the sidewalks the night before the new home sales office opened so they could reserve their lots. All it took in those days was $1000 to hold your lot and then they would flip the homes before closing, which usually was a year or so down the road. The prices of these homes were going up like $5000 per week! Some people bought 5 and 6 homes this way, gambling that they were going to make money flipping them. Many people did. But then what goes up, must come down! And so a lot of people got stuck when the bubble burst.

This is a great time to get a 4 or 5 bedroom home for under $300,000 in a fantastic neighborhood with a complete clubhouse and recreation amenities. You can click here to learn more about the Olympia neighborhood.