Updated Jan 14, 2026
Randal Kirk Sells Oceanfront Estate In Manalapan For $90 Million With Broker Margit Brandt
820 South Ocean Boulevard
$90,000,000
$5,806/SF
Building Size
15,500 SF
Asset Type
Single Family
Closing
Jan 13, 2026
About this deal
AI
The property asset involved in the transaction is a single-family estate located at 820 South Ocean Boulevard in Manalapan. This oceanfront estate spans 15,500 square feet and is situated on a 2.3-acre lot with 215 feet of beach frontage. It is currently under contract for a price of $90,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $90,000,000
- Address: 820 South Ocean Boulevard
- Market: Manalapan
- Square Footage: 15,500
- Price per Square Foot: $5,806
- Seller: Randal Kirk
- Broker: Margit Brandt - Premier Estate Properties
- Acres: 2.3
Billionaire Randal Kirk signed a contract to sell the property after reducing the asking price from $134 million. The estate, purchased for $25.5 million in 2011, features a main house, guest house, two pools, a tennis court, and a dock.
Lantana Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $5.8K per square foot on a published $90M for 15,500 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93