tomo logo

$87,000,000

Beds
8
Baths
12.0
sq ft
18,126

1160 S Ocean Blvd, Lantana, FL 33462

1160 S Ocean Blvd

Manalapan, FL 33462

  • 10 days on market
Set between the Atlantic Ocean and Intracoastal Waterway, 1160 S. Ocean Blvd is a rare retreat where architecture and nature exist in perfect harmony. Spanning 27,745+/- square feet under roof on nearly 2 acres, this newly completed estate offers 160 feet of direct ocean frontage and private Intracoastal access, creating an unrivaled connection to land and sea. Designed with balance and thoughtful craftsmanship, the 25,197+/- square-foot main house flows effortlessly from one space to the next. From the grand entry hall, the journey unfolds--a symphony of light and space, where the living room merges with the ocean beyond. The formal dining room, with its ocean-facing bar, sets the stage for elegant entertaining, while the open-concept kitchen and family area form the heart of the home.

Details

Property type

Single Family Residence

Est. home value

$36,834,044

Property condition

New Construction

Lot size

Unknown

Price per sq ft

$4,800

Year built

1995

Annual property taxes

$484,083

Price History

02/13/2025
Beaches

Beaches #R11062120

Listed
$87,000,000
+210.71%
06/01/2021
Beaches

Beaches #R10687336

Sold
$28,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$74,658,926
Asking price
$87,000,000
Closing costs (~8% of asking)
-$6,960,000
Est. remaining loan balance
-$5,381,074
Cash to seller
$74,658,926

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Hsbc Bank Usa

Loan start date

May 2021

Original loan amount

$20,300,000

Est. remaining balance

$5,381,074

Interest rate

3.18%

Loan type

New Conventional, 5 year

Seller

City National Bank Of Florida and Nbu Land Trust

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 4:35 PM

Listing updated: 02/18/2025 at 4:11 PM

Listed by: Candace Friis, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R11062120

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