The Real Deal Miami

Billy Joel asks $2 million less for Manalapan estate

The new $27 million asking price still would be 59% more than the entertainer paid in 2015
1920 South Ocean Drive in Manalapan

1920 South Ocean Drive in Manalapan

Recording artist Billy Joel reduced the asking price for his estate in Manalapan by $2 million to $27 million.

He originally listed his mansion and a vacant next-door lot on South Ocean Boulevard for $29 million with Jack Elkins of brokerage Fite Shavell, who remains the listing agent.

Joel is asking $19.5 million for the nine-bedroom, 13,216-square-foot mansion at 1920 South Ocean Drive and $9.5 million for the lot at 1940 South Ocean Drive.

The $29 million asking price for the side-by-side properties would be 59 percent more than he paid last year, perhaps with royalty income from such hit songs as “Piano Man” and “Big Shot.”

Joel paid $18.2 million for the combined property: $11.8 million for the residence and $6.5 million for the lot. [Palm Beach Post/Real Time] — Mike Seemuth