Nicholas Younker Of William Raveis Real Estate Represents Buyer In $30M Manalapan Land Sale
1820 South Ocean Boulevard
$30,000,000
$349/SF
Building Size
85,813 SF
Asset Type
Land
Closing
Aug 31, 2026
About this deal
AI
A vacant lot at 1820 South Ocean Boulevard in Manalapan has sold off-market for a recorded price of $30,000,000. The property measures 1.97 acres, with a total square footage of 85,813 and a price per square foot of $349. It features 160 feet of ocean frontage and 160 feet of intracoastal frontage.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $30,000,000
- Address: 1820 South Ocean Boulevard
- Market: Manalapan
- Acres: 1.97
- Square Feet: 85,813
- Price per Square Foot: $349
Nicholas Younker represented the Buyer from William Raveis Real Estate, while Jack Elkins represented the Seller. William Raveis South Florida was involved on both sides of the deal.
Players
Lantana Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93