Margit Brandt Of Premier Estate Properties Represents Seller In $70.8 Million Manalapan Sale
1660 South Ocean Boulevard
$70,800,000
$3,079/SF
Building Size
22,990 SF
Asset Type
Single Family Residence
Closing
Jun 14, 2026
AI
The property asset involved in this transaction is a single-family home located at 1660 South Ocean Boulevard in the Manalapan market. The sale price of the property was $70,800,000, with a total square footage of 22,990 and a price per square foot of $3,079.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $70,800,000
- Square Footage: 22,990
- Price per Square Foot: $3,079
- Address: 1660 South Ocean Boulevard
- Market: Manalapan
- Seller's Representative: Margit Brandt - Premier Estate Properties
The transaction was represented by Margit Brandt, who is affiliated with Premier Estate Properties, indicating the professional engagement in managing the sale process for the seller.
Palm Beach 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93