The Real Deal Miami

Billy Joel agrees to purchase another Manalapan home

Joel's third Manalapan purchase in past year, totaling $40M

February 20, 2015 12:45PM

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1960 South Ocean Boulevard and Billy Joel

World famous musician Billy Joel has reportedly signed a contract to buy a $22 million home in Manalapan, marking his third property purchase in the area over the last year.

The purchase would bring Joel’s total spending spree in Palm Beach County to more than $40 million.

The mansion at 1960 South Ocean Boulevard boasts waterfront views of the Atlantic and Intracoastal Waterway. Named Paradisio Del Mar, it has seven bedrooms, 13 bathrooms, garage space for 30 cars and sits on four acres. The estate was built in 2003 and was owned by William T. Gerard, the former mayor of Manalapan, according to Palm Beach County property records..

The purchase would give Joel three side-by-side oceanfront properties, bringing his holdings to eight ocean-to-Intracoastal acres, according to Jose Lambiet’s Gossip Extra column, citing a real estate insider as the source for tipping him off to the contract.

Joel also reportedly purchased a 13,000-square-foot mansion at 1920 South Ocean Boulevard for $11.8 million. He also paid $6.5 million for the two-acre empty plot next door at 1940 South Ocean Boulevard.

A company titled South Ocean Living, which is managed by a law firm tied to Joel, purchased the properties, according to the publication.

Joel was reportedly searching for a property in Palm Beach late last year after he sold his estate at the La Gorce Country Club in Miami Beach for $14 million in 2013. He also sold his two Manhattan condos for $12 million and his Long Island oceanfront estate for $19 million. [GossipExtra]Sean Stewart-Muniz

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