Rebecca Arcaini Purchases Intracoastal Mansion From Joseph Farrell For $17.5 Million In Lantana

The property involved in this transaction is a single-family home located at 1422 Southeast Atlantic Drive in Lantana, covering an area of 0.46 acres. The asset features a total square footage of 7,631 and was sold for $17,500,000, resulting in a price per square foot of $2,293.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $17,500,000
• Address: 1422 Southeast Atlantic Drive
• Market: Lantana
• Acres: 0.46
• Square Footage: 7,631
• Price Per Square Foot: $2,293
• Buyer: Rebecca Arcaini
• Seller: Joseph Farrell - Farrell Companies
• Buyer's Representative: Gary Pohrer - Serhant
• Seller's Representative: Margit Brandt - Premier Estate Properties

This transaction was marked by the involvement of key real estate professionals. Rebecca Arcaini, as the buyer, engaged Gary Pohrer from Serhant to represent her in the deal, while the seller, Joseph Farrell of Farrell Companies, was represented by Margit Brandt from Premier Estate Properties. The deal set a new pricing benchmark for waterfront homes in Lantana, reflecting rising demand for luxury inventory along the Intracoastal, despite the property being relatively more affordable than those in nearby Manalapan.