Manalapan compound poised to sell for Florida-record $175M

Tech billionaire Jim Clark nears off-market deal for 62K-sf mansion

Miami /
Jun.June 16, 2022 03:30 PM
Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby's)

Netscape co-founder Jim Clark and 2000 South Ocean Boulevard in Manalapan (Getty, Sotheby’s)

A 16-acre compound in Palm Beach County is poised to become not only the priciest home ever sold in Florida, but one of the most expensive in U.S. history.

Jim Clark, a Silicon Valley billionaire who co-founded Netscape with Marc Andreessen in 1994, is nearing a sale of his oceanfront estate in Manalapan for around $175 million, he told the Wall Street Journal. The off-market deal is expected to close this week, Clark said, declining to identify the buyer.

2000 South Ocean Boulevard in Manalapan (Sotheby's)

2000 South Ocean Boulevard in Manalapan (Sotheby’s)

The home, should it fetch that price, would be by far the priciest ever sold in the Sunshine State. No residence in Florida has sold for more than $130 million, according to appraiser Miller Samuel.

While there have been some listings in the ballpark of Clark’s expected return for the estate at 2000 South Ocean Boulevard, the record sale appears to belong to a spec home in Palm Beach that private equity titan Scott Shleifer bought last year for $122.7 million.

A $175 million sale of the Manalapan estate would nearly double the $94 million Clark spent last year when he bought it from the Ziff family, who had once listed the home for $195 million.

Palm Beach-based luxury broker Lawrence Moens is handling the sale.

The compound, which spans the width of the barrier island, has 1,200 feet of ocean frontage and another 1,300 feet along Lake Worth. The property includes a 62,000-square-foot, 12-bedroom main house as well as a separate seven-bedroom house, two four-bedroom beachside cottages and a staff house. Outside are botanical gardens, a swimming pool, a three-hole golf course, a tennis court and a basketball half-court. Parts of the estate are connected by tunnels, including a 15-foot-wide furnished one beneath South Ocean Boulevard.

Last year, Clark sold a separate estate at 120 Jungle Road in Palm Beach for $30.1 million.

The most expensive home purchase in American history belongs to Citadel founder Ken Griffin, who paid $238 million for a penthouse at 220 Central Park South in Manhattan in 2019.

[WSJ] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    Rendering of Villa Valencia and Location Ventures' Rishi Kapoor (Location Ventures)
    Location Ventures completes Villa Valencia condo project in Coral Gables
    Location Ventures completes Villa Valencia condo project in Coral Gables
    Ilya Karpov with 3026 North Bay Road
    Russian mogul Ilya Karpov buys waterfront North Bay Road home for $14M
    Russian mogul Ilya Karpov buys waterfront North Bay Road home for $14M
    Long Light Capital's Justin Korsant with 45 East Dilido Drive (Getty, Mike Ruiz)
    Third time’s the charm: Waterfront Venetian Islands home flips for record $4,900 psf
    Third time’s the charm: Waterfront Venetian Islands home flips for record $4,900 psf
    From left: Sotheby’s Daniel de la Vega and Reagan Jefferies with Brevard County
    One Sotheby’s picks up Brevard County brokerage
    One Sotheby’s picks up Brevard County brokerage
    Julie Jones (Florida Luxurious Properties)
    Top Broward broker Julie Jones joins Douglas Elliman
    Top Broward broker Julie Jones joins Douglas Elliman
    Nancy Shevell McCartney with Il Lugano (Getty, Apartments.com)
    Paul McCartney’s wife sells her late father’s Palm Beach condo
    Paul McCartney’s wife sells her late father’s Palm Beach condo
    Todd Michael Glaser and the Tiffany & Co building in Palm Beach at 259 Worth Avenue (CA Sothebys)
    Putting a ribbon on it: Todd Glaser, partners buy Tiffany condo on Worth Avenue in Palm Beach, with plans to flip
    Putting a ribbon on it: Todd Glaser, partners buy Tiffany condo on Worth Avenue in Palm Beach, with plans to flip
    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
    arrow_forward_ios

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

    Loading...