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.
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.