tomo logo

$285,000,000

Beds
8
Baths
12.5
sq ft
50,000

1960 S Ocean Blvd, Lantana, FL 33462

1960 S Ocean Blvd

Manalapan, FL 33462

  • 7 days on market
This Ocean-to-Intracoastal masterpiece represents an unprecedented real estate offering in the United States, redefining luxury and sophistication on a scale never before achieved. Envisioned by acclaimed architect Choeff Levy Fishman, crafted by renowned builder Robert W. Burrage of RWB Construction Management, and impeccably designed by Marc-Michaels Interior Design, Inc., this architectural triumph spans over 50,000 total square feet. Situated on 4 expansive acres in the prestigious Town of Manalapan, the estate boasts an impressive 700+ feet of combined Intracoastal and Ocean frontage. More than a property, this is a once-in-a-lifetime opportunity to own a true architectural marvel, flawlessly blending grand scale, intricate craftsmanship, and world-class amenities

Details

Property type

Single Family Residence

Est. home value

$28,692,818

Lot size

3.93 acres

Price per sq ft

$5,700

Year built

2028

Annual property taxes

$394,018

Price History

01/16/2025
Beaches

Beaches #R11053004

Listed
$285,000,000
+936.36%
03/11/2024
Beaches

Beaches #R10961280

Sold
$27,500,000
-15.38%
03/05/2024
Beaches

Beaches #R10961280

Pending
$32,500,000
-14.47%

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

$251,922,560
Asking price
$285,000,000
Closing costs (~8% of asking)
-$22,800,000
Est. remaining loan balance
-$10,277,440
Cash to seller
$251,922,560

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

Seller’s Loan History

Lender

First Republic Bank

Loan start date

March 2021

Original loan amount

$11,247,500

Est. remaining balance

$10,277,440

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

1960 South Ocean Llc

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: 01/23/2025 at 12:05 AM

Listing updated: 01/20/2025 at 12:55 PM

Listed by: Nicholas Mal Malinosky, Douglas Elliman Phone #: (561) 278-5570

MLS: Beaches #R11053004

Beaches logo

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