Ziff family sells South Florida compound for $94M — six years after it hit the market

It hit the market in 2015 for nearly $200M

Miami /
Mar.March 09, 2021 03:30 PM
Daniel, Dirk and Robert Ziff with their recently sold Manalapan compound. (Sotheby's International Realty, Getty)

Daniel, Dirk and Robert Ziff with their recently sold Manalapan compound. (Sotheby’s International Realty, Getty)

The Ziff family finally sold their massive estate in Manalapan for $94 million, six years after it was first listed for just under $200 million.

The 15-acre ocean-to-lake compound at 2000 South Ocean Boulevard sold on Monday, according to Realtor.com. It was first reported by the Palm Beach Daily News.

Manalapan is south of Palm Beach.

The property was most recently asking $115 million, and ranked as the most expensive listing in South Florida. The sale comes weeks after the record sale of 535 North County Road in Palm Beach, which Tiger Global Management co-founder and partner Scott Shleifer acquired in February for more than $120 million.

The Ziff property, with 1,200 feet on the Atlantic Ocean and 1,300 feet along Lake Worth, has been in the Ziff family for decades. The sons of American publishing magnate William Bernard Ziff Jr. – Dirk, Robert and Daniel Ziff – inherited the fortune in 1994. Daniel was recently listed as a manager on the entity that sold the property.

The more than 30-bedroom estate connects via tunnels, including a furnished tunnel underneath South Ocean Boulevard that features a 15-foot-wide gallery. The property has a 12-bedroom main house, two four-bedroom beachside cottages, a seven-bedroom Mango House, a staff house and recreational amenities, including a swimming pool, golf area, tennis court and half-basketball court.

Cristina Condon, Todd Peter and Frances Peter of Sotheby’s International Realty represented the seller, and Lawrence Moens of Lawrence A. Moens Associates represented the buyer, according to Realtor.com.

It hit the market in 2015 for $195 million, and the price was reduced throughout the years.

The ultra-luxury home market has been strong in South Florida, especially in waterfront cities in Palm Beach County, as wealthy buyers from high-tax markets migrate during the pandemic.

Two mansions in Manalapan recently sold for about $26 million each.





    Related Articles

    arrow_forward_ios
    A photo illustration of 18 La Gorce Circle (top) and 2000 South Ocean Boulevard (bottom) (Redfin, Realtor.com, Master Brokers Forum, iStock)
    South Florida by the numbers: Local mega listings and sales
    South Florida by the numbers: Local mega listings and sales
    Buyer Armen Avanessians and 157 Peruvian Avenue (Goldman Sachs, Realtor.com, iStock)
    Former Goldman Sachs exec drops $12M on Palm Beach home
    Former Goldman Sachs exec drops $12M on Palm Beach home
    Larry Ellison and Jim Clark and 2000 South Ocean Boulevard (Getty, Sotheby’s)
    Oracle founder Larry Ellison pays $173M for Jim Clark’s Manalapan estate
    Oracle founder Larry Ellison pays $173M for Jim Clark’s Manalapan estate
    From left: Christopher Galvin, Cindy Galvin, Jeffrey Walker and an aerial view of 662 Island Drive in Palm Beach (Florida Parcels, Colliers, LinkedIn/Jeffrey Walker, iStock)
    Trust linked to Motorola heirs buys Palm Beach estate for $46M
    Trust linked to Motorola heirs buys Palm Beach estate for $46M
    Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)
    Manalapan compound poised to sell for Florida-record $175M
    Manalapan compound poised to sell for Florida-record $175M
    301 Polmer Park (Google Maps, iStock)
    Palm Beach mansion sells for $16M on portion of property originally listed for $35M
    Palm Beach mansion sells for $16M on portion of property originally listed for $35M
    901 North Ocean Boulevard (Zillow) Flips, 22 Million
    Oceanfront Palm Beach estate flips for $86M in nine months
    Oceanfront Palm Beach estate flips for $86M in nine months
    The property at 1020 North Lake Way with Allison and Warren Kanders (Getty, Google Maps)
    Safariland CEO criticized for selling tear gas flips Palm Beach home for $40M
    Safariland CEO criticized for selling tear gas flips Palm Beach home for $40M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...