Spec mansion in Manalapan fetches $28 million

Miami /
Feb.February 12, 2017 01:30 PM

An newly built oceanfront mansion in Manalapan sold for $28 million.

Farrell Building Co. of The Hamptons in New York built the house on speculation and owned it through a Delaware company named after the property’s address at 920 South Ocean Boulevard in Manalapan.

The new owner is a company in Philadelphia called JSEJ LLC.

Real estate broker Christine Angle, who listed the mansion for sale, represented the seller and the buyer.

Angle told the Palm Beach Daily News that “we represented a lovely young family who had been looking for a direct oceanfront property for some time.”

The three-story, eight-bedroom house has 17,719  square feet of indoor and outdoor living space. The property features a swimming pool, large patios, and covered balconies and loggias.

Boxing promoter Don King once owned a house on the property that was demolished to make way for the mansion that Farrell Building Co. constructed on spec. [Palm Beach Post]Mike Seemuth


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