Real estate developer to auction $11M Jersey Shore mansion

Michael Cantor, now living in Florida, sets no reserve or minimum bid

Tri-State /
Jul.July 19, 2021 03:15 PM
Cantor Companies CEO Michael Cantor and the home in Rumson, New Jersey (Cantor Companies, Concierge Auctions)

Cantor Companies CEO Michael Cantor and the home in Rumson, New Jersey (Cantor Companies, Concierge Auctions)

A prominent real estate developer is taking the unusual step of auctioning off one of his homes — and not just any home.

Michael Cantor is putting his waterfront mansion in Rumson, New Jersey, up for bid this week through Concierge Auctions. It will be offered without reserve or minimum bid from July 22 to July 27, according to Mansion Global.

The 3.71-acre property on the Jersey Shore is listed by Burke and Manna for $11 million.

The Cantor Companies CEO bought the home in 1983, expanding and upgrading the property over the past four decades. The 13,000-square-foot living space comes with seven bedrooms, eight bathrooms and three half-baths, plus a library, billiards room, gym and wet bar.

There’s also 200 feet of dock space that goes 12 feet deep. Additionally, the property has two garages with 15-foot ceilings for any buyer with monster trucks.

Cantor, who now lives full-time in Florida, sold his oceanfront Manalapan mansion for $28 million in a deal reported last month.

The Manalapan mansion featured seven bedrooms, nine bathrooms, a tennis court, 160 feet of oceanfront and another 160 feet of frontage on the Intracoastal Waterway. It was snapped up by a land trust managed by City National Bank of Florida.

[Mansion Global] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    (iStock)
    Rents in New York and South Florida metros surged more than 30%, led nationwide rise
    Rents in New York and South Florida metros surged more than 30%, led nationwide rise
    Children’s Magical Garden at at 157 Norfolk Street (Google Maps, Facebook)
    Children’s Magical Garden claps back against developer who claimed defamation
    Children’s Magical Garden claps back against developer who claimed defamation
    432 Park pad trades for $26M, supertall’s priciest deal since 2019
    432 Park pad trades for $26M, supertall’s priciest deal since 2019
    432 Park pad trades for $26M, supertall’s priciest deal since 2019
    25 Park Avenue in Larchmont (WilliamPitt)
    Estate famed for turtle soup has new distinction: $11M sale price
    Estate famed for turtle soup has new distinction: $11M sale price
    Travis Soukup and Yongxing Deng with Fifth Wall's Brendan Wallace (Aloft/Zack Phillips, Jeff Newton, iStock)
    Appraisal startup Aloft closes $20M Series A led by Fifth Wall
    Appraisal startup Aloft closes $20M Series A led by Fifth Wall
    1439 Ocean Avenue in Brooklyn (Google Maps)
    New York’s “worst landlord” pays the piper in $235K city settlement
    New York’s “worst landlord” pays the piper in $235K city settlement
    Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
    Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
    Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
    9 East 68th Street, 22 East 67th Street (elliman.com, streeteasy.com)
    Manhattan luxury market breaks single-week record for contract signings
    Manhattan luxury market breaks single-week record for contract signings
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...