Investor Joseph Imbesi sells Manalapan house
Imbesi co-owned the Bal Harbour Club, which he sold to Eduardo Costantini’s Consultatio for $220M to build Oceana Bal Harbour
Real estate investor Joseph Imbesi and his wife Orla sold their waterfront Manalapan house for $6.5 million.
The Imbesis sold their 6,643-square-foot home at 1675 Lands End Road to Marilyn Flint, David Fischer and Zachary Fischer for $978 per square foot, according to property records.
The home has five bedrooms and five-and-a-half bathrooms and sits on a 0.4-acre lot. It was last purchased in 2012 for $5 million, records show.
Imbesi once co-owned the Bal Harbour Club, which he sold in 2012 to Eduardo Costantini’s Consultatio for $220 million to build Oceana Bal Harbour. Imbesi originally moved to South Florida to train race horses in the 1970s, according to published reports.
Manalapan, located between the Intracoastal Waterway and the Atlantic Ocean, has some of the priciest and most desirable homes in the country. The entire town of Manalapan (about 10 miles south of the town of Palm Beach) is only about 2.5 square miles and has over 400 residents.
In September, the founders of a medical supply company sold their 2.3-acre waterfront Manalapan estate at 1340 South Ocean Boulevard for $27 million.
A number of celebrities and billionaires have bought homes there, including motivational guru Tony Robbins, New Age musician Yanni, boxing promoter Don King and Billy Joel. In January, a member of the family that founded General Motors paid $5.17 million for 8,677-square-foot house on Lands End Road.