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South Florida

Spec mansion in Manalapan fetches $28 million

Rendering of 920 South Ocean Boulevard in Manalapan
Rendering of 920 South Ocean Boulevard in Manalapan

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.

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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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Luxury Real EstateManalapan