Investment firm tied to Sol Goldman buys Manalapan mansion
Wexford Capital’s Charles Davidson sold the waterfront property
Wexford Capital’s Charles Davidson just sold another Manalapan mansion, this time raking in $24 million from the firm that manages the assets of late real estate mogul Sol Goldman.
This is at least the third recent deal to close where the Wexford co-founder profits from one of his residential investments in Manalapan. The private equity and hedge fund manager sold the nearly 15,800-square-foot home at 900 South Ocean Boulevard for about $1,500 per square foot.
The buyer, Goldstar 2018 LLC, is linked to Goldman’s family run Solil Management, an investment firm in New York. Over the years, the family has amassed a large real estate footprint in New York and Florida. In 2015, Goldman’s daughter Jane Goldman paid $31 million for the Kennedy compound in Palm Beach.
In the latest deal, Christian Angle of Christian Angle Real Estate represented the seller and Betsy Green of Douglas Elliman represented the buyer. The seven-bedroom home hit the market in 2015 for $25.9 million, according to Realtor.com.
Records show Davidson bought the 1.6-acre property in 2011 for $7 million, tore down the former home and built a new one that was designed and built by luxury home builder Farrell Building Company.
A year ago, Davidson sold a 14,000-square-foot mansion nearby at 920 South Ocean Boulevard for $28 million. And in December, a company tied to Wexford sold the vacant 2.13-acre lot at 1020 South Ocean Boulevard for $13.5 million.