Waterway Cove of Wellington in Wellington

Waterway Cove
of Wellington Homes for Sale

Wellington · Palm Beach County

A small, non-gated single-family community in the heart of Wellington, zero-lot-line homes within walking distance of the amphitheater and parks.

Single-familyLow HOACentral Wellington
Live Market Pulse
56/100
Momentum
Balanced 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
$468K
Median Price
0mo
Supply
59days
Avg DOM
Balanced
Seller Leverage
$323/sf
Median $/Sqft
-6%
1-Yr Price Change
0now
Distress
Jon Brooks, founder of Momentum Realty
Jon's Current Read

"Waterway Cove of Wellington is a small, non-gated single-family community of roughly 104 zero-lot-line homes built from about 1989 to 1993 off Wellington Trace. It is a condition-and-lot buy in a central, walkable pocket of Wellington, where the home's condition, whether it has a pool, and a canal-front position drive value far more than any headline number. The read is to confirm the modest HOA and what it covers, weigh the canal-front and pool lots against interior zero-lot-line homes, and comp within the community. This profile reflects the community's general character; confirm the specifics for a given home, because the central Wellington location near the amphitheater and parks is the durable draw."

Jon Brooks, founder, Momentum Realty · Updated June 2026

The 60-Second Overview

Waterway Cove of Wellington market snapshot (as of June 15, 2026): the median sale price is about $468K ($323 per sq ft), a balanced market (limited data). Based on 1 recent closings in live BeachesMLS data.

Waterway Cove of Wellington is a small, non-gated single-family community in the heart of Wellington, Palm Beach County (ZIP 33414), off Wellington Trace near the Wellington Amphitheater and Scott's Place park.

Reporting describes the community as roughly 104 single-family homes built from about 1989 to 1993, most one story with a few two-story homes, generally 2 to 4 bedrooms and 2 to 2.5 baths with two-car garages, and living area commonly from about 1,300 to nearly 2,300 square feet. Confirm the exact size and configuration for a specific home.

Home sites are zero lot line, but many homes have a private pool or room for one, and several sit on a canal-front lot. There is a homeowners association with a reported low monthly fee; confirm the current dues and what they cover for the specific home.

The location is central and walkable, with the amphitheater, parks, and a community center close by. Value turns on the home's condition, whether it has a pool, and the lot position; this guide reflects the community's general character, so confirm the details for a specific home.

Best for

  • Buyers who want a single-family home in a central, walkable part of Wellington
  • Buyers who value a low monthly HOA and an established, lower-key street
  • Buyers who want a canal-front lot or room for a private pool
  • Buyers comfortable reading condition and comping within the community

Probably not for

  • Buyers who want a gated, amenity-rich master plan
  • Buyers who want a large lot rather than a zero-lot-line home
  • Buyers who want new construction or a builder warranty
  • Buyers unwilling to confirm the HOA dues and the home's condition

How Waterway Cove is performing right now

56/100
momentum
Balanced Market (limited data)
Seller's marketBalancedBuyer's market
0Months of supplytight
67Median days on marketdays
2 : 0Under contract vs for salestrong demand
1Sold in last 12 monthsliquidity
+127%Median price since 2012appreciation
+0%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 Waterway Cove 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 Waterway Cove of Wellington buys, holds, and resells. See the five factors.

Homes For Sale Right Now in Waterway Cove

Live MLS inventory for Waterway Cove of Wellington. 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.

No homes are actively for sale in Waterway Cove right now, so its recent closed sales are shown, 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 Amphitheater and Town Center~3 to 6 min · walkable, off Wellington Trace
Wellington Green mall and shopping~8 to 12 min · Forest Hill Boulevard
Wellington International (WEF showgrounds)~10 to 15 min · equestrian district
Florida's Turnpike~10 to 15 min · approximate, varies with traffic
Downtown West Palm Beach~25 to 30 min · east
Palm Beach International (PBI)~25 to 30 min · east

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 Waterway Coveof Wellington Homes for Sale with Momentum Realty’s local guides.

St Andrewsat the Polo Club Homes for Sale in Wellington, FLSt Andrewsat the Polo Club Homes for Sale in Wellington, FLWellington, FL · 0.2 miSVSturbridge Village Homes for Sale in Wellington, FLWellington, FL · 0.3 miGeorgian Courts Homes for Sale in Wellington, FLGeorgian Courts Homes for Sale in Wellington, FLWellington, FL · 0.3 miEHEastwood Homes for Sale in Wellington, FLWellington, FL · 0.3 miSaddle Trail Park Homes for Sale in Wellington, FLSaddle Trail Park Homes for Sale in Wellington, FLWellington, FL · 0.3 miThe Meadows Homes for Sale in Wellington, FLThe Meadows Homes for Sale in Wellington, FLWellington, FL · 0.3 miSag Harbor Trace Homes for Sale in Wellington, FLSag Harbor Trace Homes for Sale in Wellington, FLWellington, FL · 0.4 miBlue Cypress Homes for Sale in Wellington, FLBlue Cypress 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 mi

Browse all Florida neighborhood guides →

Carrying cost · the no-CDD edge

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

Typical CDD community~$2,500/yr
Waterway Cove (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

Waterway Cove 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 Waterway Cove address.

The takeaway

What is actually shaping value at Waterway Cove of Wellington, sourced and dated. We do not publish rumor.

Recent Developments in Waterway Cove of Wellington

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

Net OutlookBullishThe structural story is steady demand for affordable, central single-family homes in Wellington, where condition, a pool, and a canal-front lot drive value. The watch items are the modest HOA, the age of the 1989 to 1993 stock, and whether a given home has a pool.

Central, walkable Wellington location

BullishA walkable location near the amphitheater, parks, and the town center supports steady demand and is the community's durable draw. impact
SignificanceRadius: Area

Central, walkable Wellington location

Low monthly HOA, single-family stock

BullishA low reported monthly HOA on single-family homes keeps carrying costs modest relative to amenity-heavy master plans. impact
SignificanceRadius: Community

Low monthly HOA, single-family stock

Established 1989 to 1993 zero-lot-line homes

NeutralHomes from the early 1990s on zero-lot-line sites mean condition, roof and systems age, and pool status vary; confirm for the specific home. impact
SignificanceRadius: Community

Established 1989 to 1993 zero-lot-line 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 Waterway Cove of Wellington, 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. 1989-1993
    Build-out

    Waterway Cove built as 104 single-family homes

    Available data describes Waterway Cove of Wellington as roughly 104 single-family homes built from about 1989 to 1993 on zero-lot-line sites off Wellington Trace, most one story, with several canal-front lots and many with private pools. Why it matters: An established, built-out community means value turns on condition, a pool, and the canal-front position; confirm the home type, the HOA, the condition, and the school zoning for a specific home. 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 Waterway Cove, this is the order of operations we would run, and the one we run for our clients.

1

Confirm the HOA dues and inclusions. Verify the current monthly fee, what it covers, and any reserves or assessments before you offer.

2

Read the home's condition. On 1989 to 1993 stock, confirm the roof, HVAC, and any updates, and budget accordingly.

3

Weigh the lot and the pool. A canal-front lot and a private pool drive value over an interior zero-lot-line home with neither.

4

Comp within the community. Price against the closest comparable in Waterway Cove, not a Wellington-wide average.

5

Verify the school zoning by address. Confirm the exact assignment with the School District of Palm Beach County for a specific home.

Best Buy
An updated home with a pool or a canal-front lot, priced to comparable Waterway Cove sales.
Biggest Risk
Underbudgeting roof and systems on early-1990s stock, or overpaying for an interior lot with no pool.
Best Lot
Canal-front and pool homes hold value over interior zero-lot-line homes.
Smart Timing
Demand is steady for the central location; condition and the lot matter more than timing.
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

Waterway Cove of Wellington is a small, non-gated single-family community in the heart of Wellington, off Wellington Trace near the Wellington Amphitheater, Scott's Place park, and a community center. Reporting describes roughly 104 homes built from about 1989 to 1993, most one story with a few two-story homes, generally 2 to 4 bedrooms with two-car garages and living area from about 1,300 to nearly 2,300 square feet, on zero-lot-line sites with many private pools and several canal-front lots, governed by a homeowners association with a reported low monthly fee. This guide reflects the community's general character; value turns on the home's condition, the pool, and the canal-front position, so confirm the HOA dues, the condition, flood considerations, and the school assignment by address for a specific home before relying on them.

The takeaway

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

Entry: original interior homes
$468K to $468K

Older, smaller zero-lot-line homes without a pool, the more attainable way in. The cost to update drives value.

Lowest entry
Core: updated homes
$468K to $468K

Renovated homes with newer kitchens, baths, and systems, often with a pool, the heart of the community.

Most inventory
High: canal-front or larger updated homes
$468K to $468K

Larger or fully updated homes on canal-front lots, the top of the local range. The lot and move-in condition drive the premium.

Strongest resale

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

$468K to $468K
Entry: original interior homes
Older, smaller zero-lot-line homes without a pool, the more attainable way in. The cost to update drives value.
$468K to $468K
Core: updated homes
Renovated homes with newer kitchens, baths, and systems, often with a pool, the heart of the community.
$468K to $468K
High: canal-front or larger updated homes
Larger or fully updated homes on canal-front lots, the top of the local range. The lot and move-in condition drive the premium.

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 Waterway Cove

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 central, walkable Wellington location is the draw. The deal is won or lost on the condition, the pool, and the canal-front lot.

Jon Brooks · Founder, Momentum Realty
7.5B · Buy Score
Resale Strength7.6/10
Renovation Risk5.8/10
Location Efficiency8.6/10
Long-Term Defensibility7.4/10
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 Waterway Cove 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
  • Canal-front lots hold value best
  • A private pool is a real value driver here
  • Interior zero-lot-line homes are the entry point
  • The central, walkable location is the durable draw
  • Comp within the community and confirm specifics

At Waterway Cove the value drivers are the home's condition, whether it has a pool, and the canal-front or interior position, in a small, central Wellington community. Canal-front and pool homes hold value over interior zero-lot-line homes with neither. Because the stock dates to the early 1990s, confirm the roof, systems, and any flood considerations for the specific home, and compare against the closest comparable in Waterway Cove rather than a Wellington-wide average.

Waterway Cove in 15 seconds.

Best forBuyers who want a single-family home in a central, walkable part of Wellington with a low HOA.
Strong onA walkable location near the amphitheater and parks, a low monthly HOA, and single-family stock.
WatchThe roof and systems age on 1989 to 1993 homes, whether a home has a pool, and the lot position.
Not forBuyers who want a gated, amenity-rich master plan, a large lot, or new construction.
The edgeA canal-front or pool home in a walkable, central Wellington pocket is a durable value when condition checks out.

HOA, CDD & Fees

15-Second Take
  • Small, non-gated single-family community
  • Roughly 104 homes built 1989 to 1993
  • Zero-lot-line sites, many with pools
  • Low reported monthly HOA
  • Walkable to the amphitheater and parks

Reporting describes a homeowners association with a low monthly fee. Confirm the current dues, what they cover, and any reserves or special assessments for the specific home.

Typically common-area upkeep and management for a non-gated single-family community; confirm the exact inclusions and dues for a specific home. Recreation is the nearby amphitheater, parks, and community center.

There is no large amenity club; the central, walkable location near the amphitheater and parks is the defining feature. Confirm any community-specific items for a particular home.

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 Waterway Cove, condition and view decide your number

Because buyers here are weighing your home against renovated comps and cross-shopping Waterway Cove, 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 Waterway Cove home worth?

Get a no-obligation home value based on real comparable sales in Waterway Cove 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 Waterway Cove of Wellington on the map →
Or get your Waterway Cove of Wellington home value & selling guide →

Real comps, not a Zestimate.

Waterway Cove Market Scorecard

Balanced Market (limited data)

Waterway Cove is currently a balanced market (limited data). Limited supply, a median asking price of n/a.

n/a
Months supply
n/a
Median list
$467,500
Median sold
$323
Per sqft
n/a
Days on mkt
0/2/1
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

Is Waterway Cove of Wellington a gated community?
No. Reporting describes it as a non-gated single-family community off Wellington Trace. Confirm access and any community rules for a specific home.
How many homes are in Waterway Cove?
Available data describes roughly 104 single-family homes built from about 1989 to 1993. Confirm the current count and your specific home's details.
Does Waterway Cove have an HOA?
Yes. Reporting describes a homeowners association with a low monthly fee. Confirm the current dues, what they cover, and any assessments before buying.
What kinds of homes are in Waterway Cove?
Single-family homes on zero-lot-line sites, mostly one story with a few two-story homes, generally 2 to 4 bedrooms with two-car garages. Confirm the exact configuration for a specific home.
Do the homes have pools?
Many homes have a private pool or room for one, and several sit on canal-front lots. Confirm the pool and lot details for a specific property.
How big are the homes?
Living area commonly runs from about 1,300 to nearly 2,300 square feet. Confirm the exact size for a specific home.
Is there a CDD fee?
Confirm whether any CDD, HOA, or special assessment applies to a specific parcel as a matter of course.
How central is the location?
It is central in Wellington, off Wellington Trace and within walking distance of the Wellington Amphitheater, parks, and a community center, with shopping and the Turnpike a short drive.
What schools serve Waterway Cove?
The community is part of the School District of Palm Beach County. Assignment is by address and changes periodically, so confirm the exact zoned schools for a specific home with the district.
Should I worry about home condition?
Read it closely. On homes from the early 1990s, confirm the roof, HVAC, and any updates and budget accordingly.
Is Waterway Cove a good investment?
A single-family community in a central, walkable Wellington location with a low HOA supports steady demand, with value turning on condition, a pool, and the lot. This is not a guarantee of future value.
Should I use the listing agent to buy here?
No. The listing agent works for the seller. Because condition and the lot drive value, having your own representation to read the home and the comps is the highest-leverage decision you make.
What is the area like?
It is a small, established, non-gated single-family community in the heart of Wellington, walkable to the amphitheater and parks and convenient to shopping and major roads.
You want a single-family home in a central, walkable part of WellingtonExcellent fit
You value a low monthly HOA and an established, lower-key streetExcellent fit
You want a canal-front lot or room for a private poolExcellent fit
You are comfortable reading condition and comping within the communityExcellent fit
You will confirm the HOA dues and the home's specificsExcellent fit
You want a gated, amenity-rich master planProbably not
You want a large lot rather than a zero-lot-line homeProbably not
You want new construction or a builder warrantyProbably not
You are unwilling to confirm the HOA dues and the home's conditionProbably not
You want resort-style on-site amenitiesProbably not

Get the inside read on Waterway Cove

Whether you are buying a renovation project, comparing the lots and views, weighing the carrying costs, or selling your Waterway Cove 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 Waterway Cove 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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