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1140 South Ocean Boulevard

Updated Apr 2, 2025

Bilt advertisement
 Sells Single Family Home In Manalapan For $95 Million With Margit Brandt As Rep
SOLDSingle Family Residence

Sells Single Family Home In Manalapan For $95 Million With Margit Brandt As Rep

1140 South Ocean Boulevard

$95,000,000

$1,360/SF

Building Size

69,835 SF

Asset Type

Single Family Residence

Closing

Jun 7, 2025

About this deal

AI

This single-family property, located at 1140 South Ocean Boulevard in Manalapan, is currently under contract with a transaction amount of $95,000,000. The asset covers a total area of 69,835 square feet, equating to a price per square foot of $1,360. The property features approximately 1.5 +/- acres of ocean-to-lake land and boasts 150 feet of direct ocean and intracoastal frontage.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $95,000,000
  • Address: 1140 South Ocean Boulevard
  • Market: Manalapan
  • Square Footage: 69,835
  • Price Per Square Foot: $1,360
  • Seller:
  • Seller's Representative: Margit Brandt - Premier Estate Properties
  • Buyer's Representative: Margit Brandt - Premier Estate Properties

The negotiation of this transaction shows notable involvement from Margit Brandt, who represents both the seller and the buyer through Premier Estate Properties, indicating a dual agency arrangement in this high-value deal.

Players

Margit Brandt

Premier Estate Properties

Broker

$1.8B

vol

61 deals

Broker

Lantana Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $95M for 69,835 square feet (2025).

Visit Margit Brandt to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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