Monterey on the Lake in Wellington

Monterey on the Lake Homes for Sale in Wellington, FL

Wellington · Palm Beach County

A non-gated lakefront Wellington community, 108 single-family homes with low HOA fees and lake views near Village amenities and top schools.

Non-gated single-family, 108 homesLakefront, low HOACentral Wellington, top schools
Live Market Pulse
52/100
Momentum
Buyer-Leaning Market (limited data)
Tight supply keeps sellers in control, but dated interiors still trade at a discount, so condition is where buyers win.
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Listings before the portals, true comps, and the renovation and carrying-cost math, before you tour.

Built fromLive BeachesMLS data14 years of closingsLocal renovation analysisUpdated twice daily
LiveMarket PulseBeachesMLS
$610K
Median Price
4mo
Supply
21days
Avg DOM
Soft
Seller Leverage
$364/sf
Median $/Sqft
n/a
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Monterey on the Lake is a non-gated lakefront community in Wellington, 108 single-family homes built 1993 to 1999 with low HOA fees, many with lake views, near Village amenities and top schools. The read is floor plan plus lot plus condition: the plan, the lake or interior lot, and an honest read of a 1990s home drive value, with the central Wellington location, the lake views, the low HOA, and the schools as the draw. The location and lake are the durable draw; the plan, the lot, and condition are the deal. Confirm the HOA, the lot, and condition before you write."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Monterey on the Lake market snapshot (as of June 15, 2026): the median sale price is about $610K ($364 per sq ft), with homes averaging 21 days on market and 4.0 months of supply, a buyer-leaning market (limited data). Based on 3 recent closings in live BeachesMLS data.

Monterey on the Lake is a non-gated single-family community in Wellington, Palm Beach County, off Wellington Trace between Forest Hill Boulevard and Southern Boulevard, of 108 homes built 1993 to 1999.

Homes range from about 1,358 to more than 2,400 square feet with two to five bedrooms, two-car garages, barrel-tile roofs, screened patios, many pools, and impressive freshwater-lake views. The floor plan, the lot and any lake view, and condition are the value drivers.

The community sits in the heart of Wellington near the Aquatic Center, the Equestrian Center, the community center, parks, recreational fields, restaurants, and theaters, with low HOA fees and top-rated school zoning.

Diligence is the diligence of a 1990s non-gated community: confirm the HOA dues and what they cover, the reserves and any assessment, the floor plan and lot and any lake view, the rules and any rental restriction, and the condition of the home and its roof and systems. Price by plan, lot, and condition, not by the community name.

Best for

  • Buyers who want a non-gated lakefront single-family home with low HOA fees in central Wellington
  • Buyers who value lake views, top schools, and proximity to Village amenities
  • Buyers comfortable updating a 1990s home
  • Buyers who want quick access to Wellington's equestrian venues, parks, and shopping

Probably not for

  • Buyers who want a guard-gated community with resort amenities or new construction
  • Anyone seeking acreage, a no-association lifestyle, or a coastal-walkable address
  • Buyers who want an equestrian property
  • Buyers unwilling to confirm the HOA, lake-lot specifics, and home condition

How Monterey on the Lake is performing right now

52/100
momentum
Buyer-Leaning Market (limited data)
Seller's marketBalancedBuyer's market
4Months of supplytight
21Median days on marketdays
0 : 1Under contract vs for salestrong demand
3Sold in last 12 monthsliquidity
-3%Asking vs recent sold $/sqftroom to negotiate

Tight supply and strong demand favor sellers here. Homes still take about two months to sell, though, and with asking prices running above recent sales per square foot, a prepared buyer has room on anything overpriced. Reading each home against the real comps, not the headline trend, is where the edge is.

Live from BeachesMLS, as of June 15, 2026. Refreshed twice daily. Months of supply, days on market, and the contract-to-listing ratio are computed from current Monterey on the Lake listings and the trailing twelve months of closed sales.

8.6A- score
Momentum intelligence
Momentum buy score

Our proprietary read on how a home in Monterey on the Lake buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Monterey on the Lake

Live MLS inventory for Monterey on the Lake. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.

Active and pending Monterey on the Lake listings as of 2026-06-15, priced high to low. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc.. Tap any home to ask about it.

Listing locations from BeachesMLS; lot type inferred from listing descriptions. Destination pins are approximate. Map data © OpenStreetMap, tiles © CARTO. Flood, school, and commute overlays are on the roadmap.

The takeaway

The location is the everyday-convenience case: shopping, schools, and the major roads are all a manageable drive.

Wellington Trace~2 to 5 min · main corridor; approximate
Wellington Equestrian Center~10 min · south in Wellington
The Mall at Wellington Green~10 min · shopping and dining
Florida's Turnpike~10 to 15 min · east via Forest Hill
Palm Beach International (PBI)~25 to 30 min · east
Downtown West Palm Beach and the beaches~30 to 35 min · east toward the coast

Distances and drive times are approximate and vary with traffic. Confirm your real commute at your real departure time.

Nearby Communities

Explore more neighborhoods near Monterey on the Lake Homes for Sale in Wellington, FL with Momentum Realty’s local guides.

Rustic Ranches Homes for Sale in Wellington, FLRustic Ranches Homes for Sale in Wellington, FLWellington, FL · 0.1 miOrange Grove Estates Homes for Sale in Wellington, FLOrange Grove Estates Homes for Sale in Wellington, FLWellington, FL · 0.2 miGeorgian Courts Homes for Sale in Wellington, FLGeorgian Courts Homes for Sale in Wellington, FLWellington, FL · 0.4 miSugar Pond Manor Homes for Sale in Wellington, FLSugar Pond Manor Homes for Sale in Wellington, FLWellington, FL · 0.4 miFairway Cove of Wellington Homes for SaleFairway Cove of Wellington Homes for SaleWellington, FL · 0.4 miSVSturbridge Village Homes for Sale in Wellington, FLWellington, FL · 0.5 miWellingtonAero Club Homes for SaleWellingtonAero Club Homes for SaleWellington, FL · 0.6 miPOPinewood ofWellington Homes for SaleWellington, FL · 0.6 miTree Tops ofWellington Homes for SaleTree Tops ofWellington Homes for SaleWellington, FL · 0.6 mi

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Carrying cost · the no-CDD edge

No CDD bond means thousands less per year than newer master plans.

Typical CDD community~$2,500/yr
Monterey on the Lake (no CDD)$0/yr

Roughly $25,000 saved over 10 years in carrying cost, before resale.

Illustrative. NE Florida CDD assessments commonly run $1,500-$3,500+/yr and vary by community; verify per property.

Schools

15-Second Take
  • Palm Beach County Public Schools
  • Verify the zoned schools by address
  • Magnet and choice options may be available
  • Confirm current ratings before relying on them
  • Private and parochial options nearby

Monterey on the Lake is served by Palm Beach County Public Schools. Assignment is by address and can change, so confirm the exact zoned elementary, middle, and high schools for any specific home, plus any magnet or choice options. Treat published ratings as a starting point, not the full story.

Buying with schools in mind? We can confirm the exact zoned schools for any Monterey on the Lake address.

The takeaway

What actually shapes value at Monterey on the Lake, sourced and dated. We do not publish rumor.

Recent Developments in Monterey on the Lake

Our read on what is being built around Monterey on the Lake, scored for direction, significance, and how close the effect lands. The full sourced timeline follows below.

Net OutlookBullishIn a 1990s non-gated community, value turns on the floor plan, the lot, and condition, with the central Wellington location, the lake views, the low HOA, and the schools as durable draws. The near-term factors are roof age and insurance and the HOA reserves.

Lakefront homes, low HOA, and top schools

BullishLake-view single-family homes with low HOA fees near Village amenities and top-rated Wellington schools support steady demand. impact
SignificanceRadius: Community-wide

Lakefront homes, low HOA, and top schools

Consistent 1990s housing stock

Neutral108 homes built 1993 to 1999 mean the floor plan, the lot, and condition drive value; roofs and systems are at or approaching replacement windows. impact
SignificanceRadius: Community-wide

Consistent 1990s housing stock

Steady demand for lakefront Wellington homes

BullishLimited non-gated lakefront single-family supply in central Wellington supports steady demand; value turns on the lot, the lake view, and the home's condition. impact
SignificanceRadius: Community

Steady demand for lakefront Wellington homes

Direction, significance, and effect-radius ratings are Momentum's proprietary, qualitative read of the sourced items below, not investment advice or a prediction for any specific home.

Development, infrastructure, retail, and school activity affecting Monterey on the Lake, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated June 2026.

Showing the latest, scroll for all updates ↓

  1. 2026
    Community

    Profiled as a non-gated lakefront Wellington community

    Monterey on the Lake is described as a non-gated Wellington community off Wellington Trace of 108 single-family homes built 1993 to 1999, from about 1,358 to more than 2,400 square feet with barrel-tile roofs, screened patios, many pools, and lake views, with low HOA fees and top-rated school zoning near Village amenities. Why it matters: The floor plan, the lot, and condition define the purchase. Confirm the HOA and the condition, then comp by plan and lot. Source

Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.

If we were buying in Monterey on the Lake, this is the order of operations we would run, and the one we run for our clients.

1

Identify the floor plan. Confirm the plan, its size, and bedroom count against the home you are considering.

2

Read the lot and view. Lake-view lots carry premiums; interior lots trade lower.

3

Confirm the HOA. Get the current dues, what they cover, the reserves, and any assessment in writing.

4

Inspect the home. Roof, HVAC, and systems on a 1990s home; price condition rather than assuming the fee covers it.

5

Comp by plan and lot. Match the home to recent closed sales of the same plan and a similar lot, not to a community average.

Best Buy
An updated home of a desirable plan on a lake lot, the HOA confirmed, priced to recent comparable sales of the same plan.
Biggest Risk
Pricing a dated 1990s home like an updated one, or paying a lake premium for an interior lot.
Best Lot
Lake-view lots carry premiums; interior lots trade lower.
Smart Timing
Central, school-strong Wellington demand stays steady, so a prepared buyer who reads the plan and prices condition competes well.
The takeaway

On mobile, tap any heading below to open it. This is the home by home, lot by lot, club and renovation detail, organized so you can jump straight to what matters to you.

Community Details at a Glance

Monterey on the Lake is a non-gated single-family community in Wellington, Palm Beach County (ZIP 33414), off Wellington Trace between Forest Hill Boulevard and Southern Boulevard, of 108 homes built 1993 to 1999, from about 1,358 to more than 2,400 square feet with barrel-tile roofs, screened patios, many pools, and lake views, with low HOA fees. The community is in the Palm Beach County School District near top-rated Wellington schools; assignments are set by address, so verify with the district.

The takeaway

Three honest price bands. Condition and lot, not the square footage alone, decide where a home lands.

Entry: smaller plans or original condition
$545K to $610K

The smaller plans or homes needing updates. The door into a low-HOA Wellington community; price the roof, systems, and modernization.

Lowest entry
Core: updated mid-size homes
$610K to $750K

Renovated homes in the heart of the plan range on solid lots. The core of the market, where plan, lot, and condition separate similar homes.

Most inventory
High: larger updated homes on lake lots
$750K to $750K

The larger, fully updated homes on lake lots. The top of the community, priced on size, lot, and finish.

Strongest resale

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

$545K to $610K
Entry: smaller plans or original condition
The smaller plans or homes needing updates. The door into a low-HOA Wellington community; price the roof, systems, and modernization.
$610K to $750K
Core: updated mid-size homes
Renovated homes in the heart of the plan range on solid lots. The core of the market, where plan, lot, and condition separate similar homes.
$750K to $750K
High: larger updated homes on lake lots
The larger, fully updated homes on lake lots. The top of the community, priced on size, lot, and finish.

Approximate 2026 resale bands from third-party listing data and public records, not NEFAR statistics. Confirm pricing for a specific home.

15-Second Take
  • Renovation math decides the deal
  • Better lots and views resell strongest
  • Roof and HVAC age drive the insurance quote
  • Interior lots are where buyers overpay
Jon Brooks, Momentum Realty
Operator Note

Most buyers overpay on interior lots in the back half of the community. A sharp renovation can distract you, but the weaker resale position follows the lot, not the finishes. We read the homesite before the kitchen.

No CDD on the tax billStrong
Central Wellington locationStrong
Scarce golf and lake homesitesStrong
$30M club reinvestment to 2028Positive
All-resale 1990s conditionManage it

Momentum analysis based on the community's structure, location, lot scarcity, and housing stock. Not a guarantee of future value.

Jon Brooks, Momentum Realty
Operator Note

The strongest value pocket is usually a renovated home on a good lot priced just under the next tier up. Buyers chasing the single biggest house often pay top prices for what is really a renovation project.

5 Mistakes Buyers Make in Monterey on the Lake

15-Second Take
  • Calling the listing agent (who works for the seller)
  • Misjudging the renovation budget
  • Overpaying for an interior lot
  • Underbudgeting the carrying costs
  • Skipping the roof, HVAC, and systems check

The same five mistakes cost buyers the most in any market. Every one is avoidable with the right preparation before you tour.

The lake views, the low HOA, the central Wellington location, and the top schools are priced into every Monterey on the Lake listing. The deal is in the floor plan, the lot, and an honest read of a 1990s home, not the community name.

Jon Brooks · Founder, Momentum Realty
8.2B+ · Buy Score
Resale Strength8.2/10
Renovation Risk4.8/10
Location Efficiency8.6/10
Long-Term Defensibility7.8/10
Carrying Cost Advantage8.0/10

Momentum Intelligence Scores are our proprietary, qualitative assessment based on the analysis on this page, on a 0 to 10 scale. They are a framework for comparing communities, not a guarantee of future value or advice on a specific home.

Why our read on Monterey on the Lake is different.

Most pages on this community are an automated estimate wrapped in stock copy. This one is built from the live BeachesMLS feed, fourteen years of closed sales, and a renovation-by-renovation read of what actually moves value here, lot by lot. No Zestimate, no guesswork.

Live BeachesMLS feed14 years of closed salesRenovation-premium analysisLot-by-lot, no automated estimates
Jon Brooks, founder of Momentum Realty. A housing economist with a background in real estate investment banking at Deutsche Bank and consulting at Ernst & Young, who has built and analyzed Northeast Florida real estate from the ground up.

Which Lots & Views Hold Value Best

Where the value actually sits. Each home is shaded by its price per square foot (a value read, not just a price) and ringed by lot type, so you can see at a glance which pockets carry a real, durable premium and where a renovation play makes sense.

Value ($/sqft)
$261 value$401 premium
Lake / waterPreserveInterior

Fill = price per square foot; ring = lot type, inferred from listing descriptions. Sold homes are shown by realized $/sqft (lot type not always recorded). Asking and recent-sold figures from BeachesMLS; for orientation, not an appraisal.

15-Second Take
  • Lake-view lots carry the premiums here.
  • Interior lots trade lower.
  • The floor plan and condition drive value as much as the lot.

In a non-gated lakefront community, value turns on the floor plan, the lot, and condition. Lake-view lots command premiums, while interior lots and original-condition homes trade lower for good reason. Because the homes date 1993 to 1999, compare a home against recent closed sales of the same plan and a similar lot, then price the roof and systems against it.

Monterey on the Lake in 15 seconds.

Best forBuyers who want a non-gated lakefront single-family home with low HOA fees and top schools in central Wellington.
Strong onLake and value: lake-view homes with low HOA fees, barrel-tile roofs and pools, near Village amenities and top-rated Wellington schools.
WatchThe floor plan and lot, the HOA reserves and any assessment, the rental policy, roof age and insurance, and condition.
Not forBuyers who want a guard-gated resort community, new construction, acreage, a no-association lifestyle, or an equestrian property.
The edgeComping the correct plan and pricing a 1990s home's roof and systems lets a prepared buyer avoid a deferred-maintenance surprise.

HOA, CDD & Fees

15-Second Take
  • Low HOA fees fund common areas and the lakes; the community is non-gated.
  • Village amenities and top schools are nearby.
  • Confirm the reserves and any assessment before you buy.

Monterey on the Lake carries low HOA fees that fund common areas, the lakes, and limited shared amenities in a non-gated community. Confirm the current dues, what they cover, the reserves, and any assessment before you offer.

Dues generally fund common-area landscaping and the lakes; as a non-gated community, there is no staffed gate. Confirm the exact inclusions and reserve position with the association.

There is no equity club; the draw is the lakefront setting, the low HOA, and proximity to Wellington's Village amenities, including the Aquatic and Equestrian Centers and parks. Confirm any community amenities with the association.

The takeaway

Selling here is won on condition and view, not the Zestimate. The right number comes from closed comps matched to your renovation level and lot.

Momentum listings (YTD)
97.98%
Sold-to-list ratio across our market for our agents, sellers keeping more of their price.
Market average (YTD)
96.73%
The broader metro average sold-to-list ratio over the same period.
Momentum days on market
64 days
Median days on market for our listings, faster sales mean less carrying cost and stronger leverage.
Market days on market
72 days
The broader metro median over the same period.

Sold-to-list and days-on-market figures reflect Momentum Realty listings versus our market average, year to date. Your home's result depends on pricing, condition, lot, view, and preparation.

In Monterey on the Lake, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Monterey on the Lake, a home priced to the community average instead of its true condition and view either leaves money on the table or sits. A renovated kitchen, newer roof and HVAC, and a golf or lake view all deserve to show up in your price, and a buyer pool reading renovation math needs to be shown why your home is worth it. We build that case with real comps and a pricing strategy for the current market.

What is your Monterey on the Lake home worth?

Get a no-obligation home value based on real comparable sales in Monterey on the Lake matched to your condition, lot, and view, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.

See homes for sale in Monterey on the Lake on the map →
Or get your Monterey on the Lake home value & selling guide →

Real comps, not a Zestimate.

Monterey on the Lake Market Scorecard

Buyer-Leaning Market (limited data)

Monterey on the Lake is currently a buyer-leaning market (limited data). About 4.0 months of supply, a median asking price of $539,000, and homes go under contract in about 21 days.

4.0
Months supply
$539,000
Median list
$610,000
Median sold
$364
Per sqft
21
Days on mkt
1/0/3
Active/Pend/Sold

Typical home value in the 33414 ZIP is $616,645, about 17.1% above the Florida norm (Zillow Home Value Index).

Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.

Live data: BeachesMLS, refreshed twice daily. Typical value: Zillow Research. Market metrics only; these describe homes for sale and recent sales, not residents.

Frequently Asked Questions

Where is Monterey on the Lake located?
In Wellington, Palm Beach County, Florida (ZIP 33414), a non-gated community off Wellington Trace between Forest Hill Boulevard and Southern Boulevard, near the Mall at Wellington Green and the Equestrian Center, about 25 to 30 minutes from Palm Beach International.
What kinds of homes are in Monterey on the Lake?
108 single-family homes built 1993 to 1999, from about 1,358 to more than 2,400 square feet with two to five bedrooms, barrel-tile roofs, screened patios, many pools, and lake views. The floor plan, lot, and condition drive value.
Is Monterey on the Lake gated?
No. Monterey on the Lake is a non-gated single-family community with low HOA fees in central Wellington.
What is the Monterey on the Lake HOA fee?
The HOA fees are low and fund common areas and the lakes. Confirm the current dues, what they cover, the reserves, and any assessment before you offer.
What schools serve Monterey on the Lake?
The community is zoned for top-rated Wellington schools in the Palm Beach County School District. Assignments are set by address and can change, so verify the exact zoned schools with the district before relying on it.
Are there lake-view homes in Monterey on the Lake?
Yes. Many homes have impressive freshwater-lake views, which carry a premium. Confirm the specific lot's outlook for the home you are considering.
How much do homes here cost?
Pricing is driven by the floor plan, the lot and any lake view, and condition. Treat any reported figures as third-party context and confirm current pricing with a comparable-sales analysis by plan and lot.
Are there rental restrictions in Monterey on the Lake?
The association may limit leasing through minimum terms or approval. Get the current rental policy in writing before buying with rental plans.
What should I check on a home here?
Roof age, HVAC, and systems, since the homes date to 1993 through 1999. Inspect by system age, price the modernization, and quote insurance early.
How is the location and commute?
Monterey on the Lake sits central in Wellington off Wellington Trace, with the mall and Equestrian Center about 10 minutes away, the Turnpike 10 to 15 minutes, and Palm Beach International 25 to 30 minutes east. Drive times are approximate.
What should I verify before buying in Monterey on the Lake?
The floor plan and lot, the HOA dues and reserves, any assessment, any lake view, the rental policy, roof age and insurance, and condition.
Do I need my own agent to buy in Monterey on the Lake?
Yes. The listing agent works for the seller. Your own agent identifies the plan, reads the lot and lake view, confirms the HOA, prices the roof and systems, and comps by plan so you do not overpay.
You want a non-gated lakefront single-family home with low HOA fees in central WellingtonExcellent fit
You value lake views, top schools, and proximity to Village amenitiesExcellent fit
You are comfortable updating a 1990s homeExcellent fit
You want quick access to Wellington's parks, schools, and shoppingExcellent fit
You will confirm the HOA, lake-lot specifics, and condition for the homeExcellent fit
You want a guard-gated community with resort amenities or new constructionProbably not
You want acreage, a no-association lifestyle, or a coastal-walkable addressProbably not
You want an equestrian propertyProbably not
You want a guard-gated community with resort amenitiesProbably not
You are unwilling to update a 1990s homeProbably not

Get the inside read on Monterey on the Lake

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Monterey on the Lake home, tell us what you need. Every inquiry comes straight to us. We represent you, not the seller, and what your agent is paid is negotiable and set in a written buyer agreement up front. No obligation, no spam, no high-pressure follow-up.

We respond personally, usually the same day.

You are all set.

A Momentum Realty Monterey on the Lake specialist will reach out personally, usually the same day.

BeachesMLS logo
Photography on this page is sourced from active and recently sold MLS listings in this community and remains the property of the listing brokerage and/or photographer. Source: Listing photos provided by BeachesMLS, Inc. Information deemed reliable but not guaranteed.

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