Record Oceanfront Sale in Manalapan
September 16, 2015
Manalapan’s oceanfront luxury estate real estate market is hot this month! Douglas Elliman Real Estate Palm Beach listing agent, Jim McCann just sold 800 South Ocean Boulevard for a record $33M. Randy Ely and Nicholas Malinosky sold 860 South Ocean Boulevard for $13.76M earlier in September. Malinosky believes the two oceanfront sales this month show the strength of Manalapan’s housing market.
Developer Pat Carney built the spec home at 800 South Ocean Boulevard to meet the demand for new oceanfront homes. Carney also built the house next door at 750 South Ocean Boulevard which sold for $24.75M in 2013. Both homes were built by Mark Timothy, Inc. of Boca Raton.
The unique ocean-to-Intracoastal properties in Manalapan afford residents waterfrontage on both the Atlantic Ocean and Intracoastal Waterway for the best of both worlds. The Town of Manalapan is home to the Eau Palm Beach Resort & Spa and is conveniently located just a short drive along scenic A1A to the shops and restaurants of Palm Beach and Delray Beach.