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The Real Deal Miami

Developer Frank McKinney sells Manalapan manse for $15.5M

September 16, 2010 02:30PM

Acqua Liana

Frank McKinney, the real estate developer and president of Venture Concepts International, has sold the 15,000-square-foot, seven-bedroom estate in Manalapan he dubbed Acqua Liana for $15.5 million, according to the Palm Beach Daily News. The property, which sits on 1.6 acres between the Atlantic Ocean and the Intracoastal Waterway, was most recently listed with Pascal Liguori of Premier Estate Properties for $22.9 million and is reportedly the first luxury home with a triple green certification from national and state environmental groups. It features a 2,000-gallon aquarium, waterfalls, water gardens and other water-related amenities. (“Acqua Liana” means water flower in Tahitian and Fijian). The buyer was BALI 620 Realty Trust, which had Ronald Kochman listed as trustee. [Palm Beach Daily News]