Wellington Real Estate
  Quick Links
HOMES FOR SALE
FEATURED LISTINGS
OPEN HOUSES
TODAY'S RATES
FIRST TIME HOME BUYING
15 SECOND APPRAISAL
NEW LISTINGS ALERT
BUYING A HOME
SELLING A HOME
SCHOOL INFORMATION
RELOCATION PACKAGE
LOCAL NEWS
MOVIE TIMES
REAL ESTATE REPORTS
REAL ESTATE FORMS
HOME FINANCING
ABOUT
CONTACT



COMMUNITIES
AERO CLUB
BLACK DIAMOND
COVENTRY GREEN
EMERALD BAY
EMERALD FOREST
EQUESTRIAN CLUB
EQUUS
GEORGIAN COURTS
GRAND ISLES
GREENVIEW COVE
GREENVIEW SHORES
HARBOR COVE
HIDDEN PINE
THE ISLES
LAKEFIELD
OLD PALM GOLF CLUB
OLYMPIA
SAG HARBOR
TALAVERA
VERSAILLES
VICTORIA GROVE
VILLAGE WALK
WELLINGTON
WELLINGTON VIEW
WYCLIFFE



WATERFRONT HOMES
GOLF COURSE HOMES
LUXURY HOMES
LUXURY CONDOS
NEW DEVELOPMENTS


Buying a Home
Resale Homes Search
Featured Listings
New Listing Alert

The Buying Process

Home Loan Process
How to Hire an Inspector
Financing Terms
How to Negotiate


Selling a Home
What is my Home worth?
What will my Home sell for?
How to Interview a Realtor
Tax Implications
Setting the price
Preparing the Home to Sell
How to Negotiate


Loans
Types of Lenders
Types of Loans
The Loan Process

0 Down

My Credit Score




Wellington Real Estate


Wellington Area Information




1/8/2009
  Local Information and History of Wellington  

Wellington City Directory

 

The Story of Wellington

 

     I n 1951, Charles Oliver Wellington, a very successful accountant in New York, made a decision to purchase some investment property in South Florida. Following the recommendations of Arthur William Glisson, several tracts of land were assembled and purchased by Mr. Wellington. Shortly after the land purchases, the State of Florida passed legislation creating the Acme Drainage District. The initial purpose of the district, created in 1953, was to provide for drainage and flood control on the assembled acreage and make the property suitable for agriculture. This was a huge undertaking as the total size of the tract was over 16,000 acres.

     B ink Glisson was hired by C.O. Wellington to oversee the property that was soon to become known as the Flying Cow (Charles Oliver Wellington) Ranch. Bink also served as the Acme Drainage District's first employee and general manager. In many respect's Bink was the first rock to anchor what was soon (44 years later) to become the Village of Wellington. He served the District in many capacities for 40 years, and retired in 1993 with a big sendoff attended by hundreds of his friends and neighbors. 

     M r. Wellington was the first Chairman of the Acme Drainage District and served until his death in 1959. Oddly enough it was probably Mr. Wellington's death which led to the decision to develop portions of the property to raise capital to pay for estate taxes. 

     M ajor construction did not begin until the first large tract of land, 7400 acres was sold to the Investment Corporation of Florida (ICOF) in 1971 for a cost of about $800 per acre. In 1972, a joint venture between ICOF and Alcoa Aluminum was formed to begin the construction of a new community. Construction began in 1972 and hundreds of homes were sold during that period. In 1976 Alcoa decided to sell their interest back to ICOF. Two years later the remaining properties of ICOF were sold to Gould Florida, a division of the large electronics corporation Gould, Inc. William Yilvisaker, the Chairman of Gould was an avid polo player. It was his contribution that produced the Palm Beach Polo and Country Club.

     I n 1985 Gould decided to pull out and sold it's remaining acreage to Corepoint, Inc. Corepoint was than succeeded by Lennar Homes who purchased the assets of Corepoint from First union Bank who held $35 million in defaulted loans. Since that time Lennar has also purchased the remaining 500 lots in Bink's Forest. In another distressed real estate sale, Glenn Straub purchased the Palm Beach Polo and Country Club, for $20 million from the Resolution Trust Company in 1993.

     T he next step in the evolution of Wellington was probably it's most important for the future. After years of trying, a determined group of Wellington residents succeeded in a referendum vote taken in November 1995. The Village of Wellington was officially born on December 31, 1995 (to qualify for certain Florida State funds it was necessary that the Village be chartered in 1995 or millions of dollars in state funds would have been lost). Official operations commenced on March 28, 1996.
Wellington Real Estate












Wellington Real Estate