Florida’s Billionaire Playground: Manalapan Continues to Attract High-Profile Residents

Manalapan, an exclusive enclave in Palm Beach County, is drawing increased attention from high-net-worth individuals as property values continue to rise. The latest development in the area is a $285 million real estate listing, making it one of the most expensive homes for sale in the United States.

According to The Wall Street Journal, local developer Stewart Satter has introduced this ambitious project, setting a new precedent for luxury real estate in Florida. The listing follows a $295 million estate in Naples, Florida, which remains on the market.

ALSO READ: The Trump Effect: Palm Beach County’s Booming Post-Election Real Estate Market

Satter, who previously served as Manalapan’s mayor, acquired the 4-acre ocean-to-Intracoastal parcel for $27.5 million last year. The property, situated next to Oracle co-founder Larry Ellison’s estate, features a private tunnel under South Ocean Boulevard. Satter has since demolished the existing structure and commissioned builder Robert W. Burrage and architecture firm Choeff Levy Fischman to design an expansive compound.

Credit: BeachesMLS

The planned 50,000-square-foot residence will include eight bedrooms, nine full bathrooms, seven powder rooms, a guesthouse, and a boat house. Amenities for the property include a bowling alley, movie theater, game room, golf simulator, shooting range, padel court, and a car museum.

“Someone spending $285 million is expecting everything. And in that property, they’ll get everything,” Satter told The Wall Street Journal.

Florida’s economic policies and favorable tax structure continue to attract affluent buyers. Over the past decade, Manalapan has emerged as a key destination for high-profile individuals seeking luxury properties. In 2022, Ellison set a local record with his $173 million estate purchase. He later expanded his holdings with the acquisition of the Eau Palm Beach Resort & Spa for $277 million. That same year, media personality Sean Hannity also purchased an estate in the area for $23.5 million.

Credit: BeachesMLS

Satter, who has been investing in Manalapan for two decades, believes in the long-term value of the area. “People said to me, ‘You’re crazy. It’s never going to amount to anything.’ But I was able to see around the corner and see what was going on,” he said.

Subscribe to The Florida Jolt Newsletter!

The surge in luxury home values in Manalapan mirrors trends seen in other affluent areas of Florida. The state’s favorable tax policies, business-friendly environment, and continued influx of high-net-worth individuals have contributed to rising property demand. If Satter’s property sells, it could establish a new benchmark for the market.

Credit: BeachesMLS

Real estate analysts will be watching closely to see how this listing influences Florida’s ultra-luxury market. As the state continues to attract investment and high-profile residents, its position as a top destination for affluent buyers appears secure.

Other stories you may want to read:

Rebecca Shelton’s Vision to Revitalize Boynton Beach

Comments
Share via
Share via
Thank you for sharing! Sign up for emails!
Making our country Great Again and keeping America First takes teamwork.

Subscribe to our newsletter, join our team of Patriots, and read real conservative news you can trust.

Invalid email address
Give it a try, you can unsubscribe anytime.
Send this to a friend