Updated Apr 2, 2025
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.
Lantana Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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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