Manalapan Oceanfront Real Estate Market Update

by Craig Greenberg
LuxuryOceanMarket.com

Manalapan Oceanfront Real Estate Market Update

Currently there are 11 oceanfront homes for sale in Manalapan.  The chart below is sorted in list price order, starting with the most expensive:

All of the above homes are ocean-to-intracoastal estates, where they all have deeded oceanfront property as well as water frontage on the intracoastal (ICW) waterway.  One thing buyers have to decide is if they want to be true beachfront homes or be happy to have a home on the intracoastal but have access to the ocean. Here are two aerial shots of Manalpan homes:

The properties above are situated on the ICW with deeded beach access.  The main issue here is that A1A (S. Ocean Blvd) ends up being between your home and Atlantic Ocean.  Although not the end of the world, it's a much more desirable situation to be located directly on the beach with deeded ICW access.  This scenario is pictured to the left.



In this update, I want to take a look at two properties.  One property has the longest listing period being on the market for almost 2 years and then the other property we'll look at are the least expensive at $10,500,000.  Well, you'll be in for a surprise -- there are two properties listed for sale in Manalapan for $10.5 million, so this update will contain three homes.

1960 S Ocean Blvd in Manalapan has been on the market for almost 2 years.  It came on the market back in 2010 for just shy of $36 million and is now listed for $29.5 million.  The price was reduced March 2012, so it might be time for another price change to generate interest.  At this time it is the priciest home on the market in Manalapan.  The home features 7 bedrooms, 12 full baths, 2 half baths, 29 parking spaces and is almost 24,000 sq ft under a/c.  The most impressive thing about this property is the 360' of water frontage.  Below is the property description:

"Paradisio Del Mar", an amazing 3 level plus estate with an abundance of amenities that include; 3 climate controlled Garages totaling 29 parking spaces, a full house Generator housed in its own private room, underground Gas and Diesel Storage Tanks with pumps, a 2000 sq. ft plus Master Suite, a large gym with steam room, a garden spa/Jacuzzi, and a private dock and fueling station with capacity of 100 ft. plus boat. The underground tunnel leads you from the main house to your own private Beach House with a spectacular Oceanfront deck and fire pit. Paradisio del Mar was completely remodeled in 1994. In 2000 another major addition, The Annex, was added to the south side of the estate and finally in 2004 the additional north garage was added to complete this magnificent Estate.

 4020 S Ocean Blvd in Manalapan is more of an investment than a dream home.  You are going to get almost 2 1/2 acres in a prestigious town of ocean-to-intracoastal buildable land.  The photos online barely display the home, but rather the mystique of Manalapan.  Keep in mind this is one of the two least expensive oceanfront properties on the market at this time.  The photo to the left is a google maps aerial view of the home.  The property was built in 1967 with 6 bedrooms, 5 full and 2 half baths, 3 car garage and about 9000 sq ft under air.  Here's the property description:

Rare and unique opportunity to own this one of a kind ocean to intracoastal to inlet 2.38 acre estate. Spectacular Direct Panoramic Water Views of all three. A1A tunnel approved w/ plans. 80 feet of deep water dock, with boat house and 10 ton lift.  4 levels, one of a kind $20M Best Manalapan View. 165 feet of beach front. This estate is currently on 2 buildable lots 75x800 and 90x800 both ocean to intracoastal. Build out could include 2 homes, 2 tunnels, 2 beach houses, 2 pools plus other amenities. Included with all Manalapan Properties is a free membership to the private and exclusive La Coquille Club, which includes the spa, pool, tennis, gym and restaurant. 

 Last in this market update is 1555 S Ocean, also listed for $10.5 million.  The home is almost 7,500 sq ft under air, 5 bedrooms, 7 full baths and 3 half baths, 4 car garage, three levels and built in 2005.  Here you get a nice 157' of water frontage.  Now for this $10.5 million, unlike the previous property, you are going to get a dream home that was built with the finest of standards. The property desciption is as follows:

Perched on a picturesque parcel that reaches from the Ocean to the Intracoastal Waterway, sunrises and sunsets are part of the package at this 7,583 Square-foot estate in Manalapan. The 5 bedroom, 7 bath home, with 3 half baths, is a stately, shapely, three-level residence dotted with balconies and anchored by a dramatic stone stairway leading up to the front entrance. Includes membership to Ritz Carlton (LQC). Point Manalapan, part of a ribbon of land once owned by Harold S. Vanderbilt, is located on the southernmost tip of Hypoluxo Island between the Atlantic Ocean and the Intracoastal Waterway. Within short driving distances are world-renowned Palm Beach, the resort towns of Delray Beach and Boca Raton, international polo in Wellington, and golf courses around the county. can accommodate up to a 75 ft boat plus 2nd boat and wave runners / depth approx 4 ft (can be dredged to approx 6 ft)

 If you are in the market to buy, sell and/or rent an oceanfront home in Florida, please make sure to visit LuxuryOceanMarket.com where you can view all the luxury oceanfront properties on the market from Palm Beach down to famed Hillsboro Mile and even create your own custom searches that will send you automatic email alerts as new homes come on the market.  And if you come across the home of your dreams, please make sure to either contact myself, Craig Greenberg at 561-376-8540, or my associate, Tripta Chawla at 561-703-7733, and we'll be more than happy to assist you.