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1960 South Ocean Boulevard
SOLD

Stewart A. Satter Acquires Ocean-to-Lake Estate In Manalapan For $27.5M

1960 South Ocean Boulevard

Single Family
12,221 SF
clock iconSold 102 days ago
Nicholas (Nick) Malinosky
Gary Pohrer
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Summary

Sale
FLORIDA
Single Family
12,221 sqft

The 3.9-acre ocean-to-lake estate located at 1960 South Ocean Boulevard in Manalapan has been sold for $27.5 million. The property, purchased by Stewart A. Satter, features 12,221 square feet of space with a price per square foot of $2,250. The estate includes 350 feet of ocean and lakefront, as well as a tunnel to the beach. Satter, a real estate investor and former Mayor of Manalapan, intends to demolish the existing mansion on the property and explore potential redevelopment opportunities.

Summary of transaction details:

Stewart A. Satter, the buyer of the 3.9-acre estate in Manalapan, was represented in the transaction by Gary Pohrer and Nick Malinosky from Douglas Elliman. Satter plans to either construct a new residence on the land or consider dividing the property into multiple plots for development.

Players

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    1

Nicholas (Nick) Malinosky's profile picture
Nicholas (Nick) Malinosky
Douglas Elliman-image
Associate
$266.6M Sold
Gary Pohrer's profile picture

Details

Deal Summary
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SOLD
IMAGE: Nick Malinosky & Gary Pohrer DATE: 03/12/2024 ADDRESS: 1960 South Ocean Boulevard MARKET: Manalapan ASSET TYPE: Single Family ~ ACRES: 3.9 BUYER: Stewart A. Satter BROKERS: Gary Pohrer (@GaryPohrer) & Nick Malinosky (@RandyandNick) - Douglas Elliman (@DouglasElliman) SALE PRICE: $27,500,000 SF: 12,221 ~ PPSF: $2,250 NOTE: Former Manalapan Mayor and real estate investor Stewart A. Satter purchased a 3.9-acre ocean-to-lake estate for $27.5 million, intending to demolish the mansion and explore redevelopment options. The property, with 350 feet of ocean and lakefront, includes a tunnel to the beach, and Satter plans to consider building a new house or subdividing the land.

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Address1960 South Ocean Boulevard

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