Spec home developer pays $10M for oceanfront lot

Pascal Nicolai will build a 12K sf mansion at the Manalapan property

Miami /
Jun.June 21, 2021 12:30 PM
Pascal Nicolai and the oceanfront property (Douglas Elliman, Sabal Development)

Pascal Nicolai and the oceanfront property (Douglas Elliman, Sabal Development)

UPDATED, June 22, 10:50 a.m.: Spec home developer Pascal Nicolai paid $9.9 million for an oceanfront lot in Manalapan where he plans to build a 12,000-square-foot mansion.

Nicolai bought the lot at 3050 South Ocean Boulevard, records show. The 55,000-square-foot property was purchased through 3050 S Ocean Blvd LLC.

Development plans call for a two-story mansion with six bedrooms and seven bathrooms, according to a release. The home will have an elevator, along with a movie theater, gym, garage and dock on the property. TOGU Design of Miami is designing the home and interior.

The property sellers were Kenneth and Andrea Brodlieb, who paid $7.9 million for the lot in October. Kenneth Brodlieb is the chairman of New York-based car dealership East Hills Auto Group.

The lot was listed in March for $12 million then cut by $1 million in April. Christopher Leavitt with Douglas Elliman represented the sellers, and Gilles Dalco of Bonaparte Real Estate represented the buyer.

Nicolai is founder of Miami-based luxury homebuilder Sabal Development. Among his deals, Nicolai sold a waterfront home in Miami for $7 million in October.

Other recent sky-high deals in Manalapan include the $94 million sale of the Ziff family estate in March and earlier this month, Michael Cantor’s $28 million sale of his oceanfront mansion.





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