Manalapan, a serene enclave just south of Palm Beach, is experiencing an unprecedented surge in its ultra-luxury real estate market. Once overshadowed by its more renowned neighbor, this 2.4-square-mile town with approximately 400 year-round residents now boasts some of Florida’s most opulent property listings.
The transformation began in 2022 when billionaire Larry Ellison acquired a 16-acre oceanfront compound for $173 million, setting a state record. This landmark purchase signaled Manalapan’s emergence as a coveted destination for the affluent.
Currently, six properties in Manalapan are listed at over $50 million, including a 4-acre spec estate priced at $285 million, making it one of the nation’s most expensive homes on the market. This surge is attributed to larger lot sizes, ocean-to-Intracoastal estates, and a desire for amenities that neighboring Palm Beach may lack.
Notable figures have been drawn to Manalapan’s allure. Fox News host Sean Hannity purchased a $23.5 million waterfront estate, featuring both Atlantic Ocean and Intracoastal Waterway frontage. Additionally, developer Stewart Satter listed a planned 50,000-square-foot mansion for $285 million, reflecting the area’s escalating property values.
This boom underscores a broader trend in South Florida’s luxury real estate market, with affluent buyers seeking expansive properties that offer privacy, luxury, and proximity to the vibrant cultural scenes of nearby cities. As Manalapan continues to attract high-profile investments, its status as a premier destination for ultra-luxury living is solidified.
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