The Real Deal Miami

Manalapan oceanfront declines in value

July 07, 2008 03:32PM

While Palm Beach oceanfront prices are climbing, developer Frank McKinney says Manalapan prices are down 10 percent in the past 18 months. McKinney is selling Acqua Liana, a $29 million green mansion being built at 620 South Ocean Boulevard. The Real Deal featured the property in its March issue. McKinney is also selling a large lot just south for $42.9 million.