For Sale   $15,000,000
Owner info:
Angelo Langadakis III, Esq.
Phone: See owner phone
Listed on: July 10, 2017
land-lake worth-for-sale-7563 state road 7, lake worth, fl 33449-5819
Languages Spoken:

About my listing

The South Florida Trotting Center is located on the west side of State Road 7 approximately 1?2 mile south of Hypoluxo Road in an unincorporated area of Palm Beach County with very good access and good visibility. It has access to three main arteries; S State Road 7 (441), Hypoluxo Road and Boynton Beach Boulevard. There are two points of ingress/egress that is S State Road 7 (primary), also known as Highway 441, that allows for right-in/right-out movements, while the other would be off Park Lane Road (secondary) that allows for a left-in / right-out movements. State Road 7 is a divided, 6 lanes highway with dedicated turn lanes and carries 27,687 vehicles per day. State Road 7 is a main North/South thoroughfare that runs from Okeechobee Boulevard to Broward County. To the west of the property is Park Lane that allows access to the neighborhood to the rear of the property and is a dirt lane. South Florida Trotting Center sits on 102 acres. The site is slightly irregular but generally rectangular in shape and is comprised of six parcels. The building improvements consist of 14 barns totaling 399 stalls, 50 groom quarters, a veterinarian lab building, an equipment maintenance building and a restaurant. The property has two equine exercise pools, 30 turn out corrals, a 11/16 mile trotter track, a 6/10 mile deep sand track and a 1/2 mile straight training strip. There are interior roads to provide access around the property. Total building area is approximately 33,639 square feet of useable area based on site survey. The effective ages range from 25-35 years and are mostly of concrete slab and CBS construction. The property is an interior lot cleared and generally level at road grade with a moderate bank for the tracks. There is a retention pond in the center of the larger track. B, zone B is designated as an area between limits of the 100 year flood and 500 year flood; or certain areas subject to 100 year flooding with average depths less than one (1) foot or where the contributing drainage area is less than one square mile; or areas protected by levees from the base flood. Flood Map Panel/Number 120192 0100 B | Flood Map Date 10-15-198210-15-1982. Lake Worth is a dynamic, multi-cultural city with a strong social and environmental consciousness. People are drawn to the city by its independent character, acceptance of different cultures and lifestyles, many historic structures, hip downtown, and distinctive residential neighborhoods. The city has a rich history and is protective of its historic architectural fabric. Western Lake Worth is one of the most upcoming communities in Palm Beach County with new developments in place for schools, housing and shopping centers making it the next premier location for a South Florida community. This property is located in the western-most part of the City of Lake Worth. It shares a southwestern boundary with the Village of Wellington, which is known for its equestrian interest. It balances a unique hometown, family atmosphere with an attractive natural environment surrounded by various farms and nearby recreational, cultural, and educational activities with facilities for all ages. Minutes to its neighboring community of Wellington are world-famous Equestrian and Polo events; which has brought a high demand for housing and family recreational centers. The property is only 6 miles away from one of the top Polo destinations in the world, the International Polo Club Palm Beach and 8.5 miles to the Palm Beach International Equestrian Center. Within the Agricultural Reserve east of State Road 7 there is a mixture of planned unit developments and continued agricultural uses. The most notable developments within the Agricultural Reserve include Saturnia Isles, Mizner Reserve Country Club, Stone Creek Ranch, Le Rivage, The Bridges, Seven Bridges, The Oaks, Canyon Lakes/Springs/ Trails PUDs, Valencia Cove and several others. There are more planned for the future as zoning and land use will allow. All of this development is southeast of the S FL Trotting Center, south of Boynton Beach Boulevard. There is limited commercial development in the Agricultural Reserve but it does include two very large mixed-use, life style retail centers. In addition to the land development in the Agricultural Reserve, the majority of the land uses east of State Road 7, east and northeast of the property’s location have been improved with residential developments. The more influencing land uses are those immediately north and north west of the Trotting Center in Wellington. Wellington is world renowned for its equestrian uses in the south end of the Village and the Equestrian Show Grounds. In addition, there is a very strong market for the sport of polo as well. The uses in the equestrian area tend to be on 5.0 to 50 acre parcels and are improved with residences, stables, training facilities for both private and commercial users. The Trotting Center is significantly influenced by the strong equestrian presence. Prices for land surrounding the property continue to increase due to the equestrian market. The land uses immediately west and north of the subject are in an area that is subdivided into 5 and 10 acre parcels the majority of which are improved with various plant nurseries or small individually owned ranchettes.

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What I love about my home

399 horse stalls. 50 grooms quarters. 2 training tracks. 2 equine lap pools. On-site vet building/lab. On-site restaurant. On-site water and septic systems, three (3) 100' wells, three (3) chlorinators with two (2) chlorinator tanks, four (4) five (5) horse power and one (1) one (1) horse power water pumps, two (2) 1,000 gallon shock.

Need any remodeling

Depends on the buyer's plans and preferences.

Excluding Item

Obviously any livestock and personal property that is not used as part of the property's maintenance or operations.

Next Open house:

Owner Criteria:

Price is negotiable
Not willing to speak to Realtors®

Facts:

Listed on: July 10, 2017
  • Type: Land
  • Folio / Tax ID: 00424327050440170
  • Lot Size: 102 Acres
  • Surface: 0 Sqft
  • Last sold: 0
Monthly Est. Mortage: $63,255.49
Offer