Real estate developer to auction $11M Jersey Shore mansion

Michael Cantor, now living in Florida, sets no reserve or minimum bid

Tri-State /
Jul.July 19, 2021 03:15 PM
Cantor Companies CEO Michael Cantor and the home in Rumson, New Jersey (Cantor Companies, Concierge Auctions)

Cantor Companies CEO Michael Cantor and the home in Rumson, New Jersey (Cantor Companies, Concierge Auctions)

A prominent real estate developer is taking the unusual step of auctioning off one of his homes — and not just any home.

Michael Cantor is putting his waterfront mansion in Rumson, New Jersey, up for bid this week through Concierge Auctions. It will be offered without reserve or minimum bid from July 22 to July 27, according to Mansion Global.

The 3.71-acre property on the Jersey Shore is listed by Burke and Manna for $11 million.

The Cantor Companies CEO bought the home in 1983, expanding and upgrading the property over the past four decades. The 13,000-square-foot living space comes with seven bedrooms, eight bathrooms and three half-baths, plus a library, billiards room, gym and wet bar.

There’s also 200 feet of dock space that goes 12 feet deep. Additionally, the property has two garages with 15-foot ceilings for any buyer with monster trucks.

Cantor, who now lives full-time in Florida, sold his oceanfront Manalapan mansion for $28 million in a deal reported last month.

The Manalapan mansion featured seven bedrooms, nine bathrooms, a tennis court, 160 feet of oceanfront and another 160 feet of frontage on the Intracoastal Waterway. It was snapped up by a land trust managed by City National Bank of Florida.

[Mansion Global] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    Eviction problems hit NJ, NY after moratoriums lift
    Eviction problems hit NJ, NY after moratoriums lift
    Eviction problems hit NJ, NY after moratoriums lift
    Ulster County, NY (iStock)
    Ulster County home prices spiked 20 percent last year
    Ulster County home prices spiked 20 percent last year
    East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
    East Hampton Town officials vow affordable housing action
    East Hampton Town officials vow affordable housing action
    (Illustration by The Real Deal)
    More than 14K LI residents in mortgage delinquency
    More than 14K LI residents in mortgage delinquency
    Barstool Sports founder Dave Portnoy (Getty)
    Barstool Sports’ Dave Portnoy bought a Hamptons beach house
    Barstool Sports’ Dave Portnoy bought a Hamptons beach house
    Liz Nunan, ceo, Houlihan Lawrence (Houlihan Lawrence, iStock)
    Lower Hudson Valley notched home sale growth in 2021
    Lower Hudson Valley notched home sale growth in 2021
    Douglas Elliman Executive Chairman Howard Lorber (Elliman)
    These are Long Island’s top brokerages by agent headcount
    These are Long Island’s top brokerages by agent headcount
    Hoboken penthouse breaks record with $4.2M sale
    Hoboken penthouse breaks record with $4.2M sale
    Hoboken penthouse breaks record with $4.2M sale
    arrow_forward_ios

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

    Loading...