Updated Oct 8, 2026
Christian Redondo Of NUNU Realty Represents Buyer In $28 Million Sale In Manalapan
1200 South Ocean Boulevard
$28,000,000
$1,558/SF
Building Size
17,963 SF
Asset Type
Single Family Residence
Closing
Aug 4, 2025
About this deal
AI
The property asset involved in this transaction is a single-family home located at 1200 South Ocean Boulevard in Manalapan. The sale price was $28,000,000, with a total square footage of 17,963 and a price per square foot of $1,558.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $28,000,000
- Address: 1200 South Ocean Boulevard
- Market: Manalapan
- Square Footage: 17,963
- Price per Square Foot: $1,558
- Buyer's Representative: Christian Redondo - NUNU Realty
- Seller's Representatives: Seth Benkaddour & Nicholas Younker - William Raveis Real Estate
Christian Redondo represented the buyer in this transaction while Seth Benkaddour and Nicholas Younker represented the seller. Their involvement highlights the dual representation from distinct real estate agencies in this high-value sale.
On the Map
$28,000,000
$1,558/SF
Single Family Residence
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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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93