Rama Raju Mantena Acquires Manalapan Single Family For $48.4M With Buyer's Rep Mark Griffin

A single-family property located at 1400 South Ocean Boulevard in Manalapan has been sold for $48,400,000. The property spans across 1.8 acres and offers 16,200 square feet of living space. The sale price equates to a price per square foot of $2,987. The transaction took place on January 12, 2023.

Summary of transation details

• Property Type: Single Family
• Transaction Amount: $48,400,000
• Address: 1400 South Ocean Boulevard
• Market: Manalapan
• Asset Type: Single Family
• Acres: 1.8

The buyer of the property is Rama Raju Mantena, representing P4 Healthcare, along with Padmaja Mantena. The sellers are Francis & Dolores Mennella. Mark Griffin from Sotheby's International Realty served as the buyer's representative, while Philip Lyle Smith and Carla Ferreira-Smith from Luxury Resort Portfolio represented the sellers in the deal.