Vivian Dimond’s oceanfront Manalapan spec mansion asking for $59.9 million found a buyer, marking the latest pricey contract in Palm Beach County this season.
Buyers signed 32 contracts between March 2 and March 8 for luxury properties in Palm Beach County, according to Douglas Elliman’s Eklund-Gomes team. The homes that went pending last week total $304.9 million in asking dollar volume and averaged 107 days on the market. The previous week, buyers signed 35 contracts totaling $295.6 million.
The report tracks signed contracts for single-family homes and condos asking $3 million or more in the Beaches MLS. It identified 52 new listings, and 1,292 active listings on the market.
Of the properties that went pending last week, 28 were single-family homes, and four were condos. The average asking price for the condos was $5.6 million, or $1,712 per square foot. They spent an average of 72 days on the market.
The average asking price for the single-family homes was $10.1 million, or $1,630 per square foot, and they spent an average of 142 days on the market.
The most expensive listing to go pending last week was the 1.5-acre spec estate at 1460 South Ocean Boulevard in Manalapan, asking $59.9 million.
The seller is developer Vivian Dimond, whose Bayshore Grove Capital bought the incomplete estate for an undisclosed price in 2024.
Nigerian oil mogul Onajite Okoloko lost the home in foreclosure in 2023. The finished mansion spans nearly 20,000 square feet, with six bedrooms, eight bathrooms, five half-bathrooms, a salon, a game room, a wellness wing, an indoor pool, an outdoor pool, a tennis court, a 16-car garage, and a dock, records and the listing show. The estate spans 172 feet of frontage on both the ocean and the Intracoastal Waterway.
The mansion has been on-and-off the market since 2022, asking as much as $87.5 million, Zillow shows. Gary Pohrer with Serhant and Christopher Leavitt with Douglas Elliman have the listing.
The next most expensive home to find a buyer last week was the 5,200-square-foot home at 433 Antigua Lane in Palm Beach, asking $24 million. Records show the seller is Steven Hudson, the CEO of financial services firm ECN Capital. He bought the home for $19 million in December. It was built on 0.4 acres last year and includes five bedrooms, six bathrooms, two half-bathrooms, a guest house and a pool, according to the listing.
Hudson listed the home for $24 million in January, Zillow shows. Leavitt has the listing.