Ziff family estate in Manalapan is asking nearly $200M

Home has underground tunnel, practice golf course and beach cottages

TRD MIAMI /
Apr.April 17, 2015 02:45 PM

A massive 15.6-acre compound on a barrier island in Manalapan, owned by the Ziff family, has reportedly been put up for sale at just under $200 million.

Dubbed “Gemini,” the estate stretches the width of the island. The main home is a 62,220-square-foot mansion that was built in the 1940s on the island’s oceanfront side, a publication reported.

An underground tunnel, which loops under the island’s main road, connects the mansion to a guest home on the Intracoastal side. The tunnel is air-conditioned, furnished like a living room, complete with a fireplace.

The property also comes with two four-bedroom beach cottages, a seven-bedroom home called the “Mango House,” and a manager’s house with four apartments, the Wall Street Journal reported.

For recreation, there is a practice golf course with two greens, a sports complex with a half tennis and half basketball court, a pool and a boat dock.

There is even a treehouse with a slide for kids, the publication reported.

The Ziff family purchased the home in the 1980s. The property is controlled by a company titled Ocean Boulevard Properties, whose vice president is Tamsen Ziff — the second wife of the late William Ziff Jr.

It is being listed by Carmen D’Angelo, Jr.; Joseph Liguori and Gerard Liguori of Premier Estate Properties. Christie’s International Real Estate is also marketing the property abroad.

Ziff Jr. helped build the Ziff-Davis publishing empire before selling it to investment firm Forstmann Little & Company for $1.4 billion. He died in 2006. [Wall Street Journal]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
Christian Angle and 1920 South Ocean Boulevard

Car dealer buys waterfront Manalapan estate for $10M

Car dealer buys waterfront Manalapan estate for $10M
1675 Lands End Road (Credit: Redfin)

Investor Joseph Imbesi sells Manalapan house

Investor Joseph Imbesi sells Manalapan house
1340 South Ocean Boulevard

Medical device makers sell Manalapan estate for $27M

Medical device makers sell Manalapan estate for $27M
Owners quickly pull oceanfront hotel in Manalapan off the market

Owners quickly pull oceanfront hotel in Manalapan off the market

Owners quickly pull oceanfront hotel in Manalapan off the market
Asset management founder buys Manalapan estate

Asset management founder buys Manalapan estate

Asset management founder buys Manalapan estate
Connecticut hedge funder buys Manalapan estate

Connecticut hedge funder buys Manalapan estate

Connecticut hedge funder buys Manalapan estate
Elliman acquires Manalapan brokerage

Elliman acquires Manalapan brokerage

Elliman acquires Manalapan brokerage
Scion of General Motors founder buys Manalapan home

Scion of General Motors founder buys Manalapan home

Scion of General Motors founder buys Manalapan home
arrow_forward_ios

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

Loading...