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This rare $85 million ocean-to-intracoastal estate in exclusive Manalapan sits on 1. 3 acres with 100 feet of direct ocean frontage. It is one of only 35 homes featuring both direct ocean and a private west-side boat dock. Plans Fully State Approved. Skip over a year of planning delays, approved plans. Permits are ready to be applied for and can be in hand to begin construction. A best in class team is in place, featuring the Benedict Bullock Architecture Group. Highlights Oceanfront Mansion: A 16, 000 interior sq. ft. modern masterpiece with floor-to-ceiling glass, an infinity-edge pool, Poliform Italian cabinetry, and Calacatta marble. Intracoastal Cottage: A separate west-side residence paired with a private dock (plans and permits needed for approval) Shovel Ready! A truly unprecedented opportunity to create one of South Florida's most significant waterfront estates. This 1. 3-acre ocean-to-Intracoastal property in Manalapan comes with fully approved plans for a 20, 000+ sq ft estate on one of only 35 direct ocean-to-Intracoastal parcels. What makes it extraordinarily rare: it is one of only two properties in Manalapan entitled to build both a primary oceanfront residence and a separate lakeside dwelling on the Intracoastal. The approved plans include a magnificent oceanfront main house, a 1, 250 sq ft lakeside guest house, and private dockage, forming the ultimate multi-structure waterfront compound. These approvals save ~18 months of permitting and offer substantial time and value advantages. Buyers may also explore a private tunnel connection. With sweeping Atlantic sunrises, Intracoastal sunsets, and unmatched development rights, this is a generational legacy estate opportunity that may never be replicated.
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$84,999,000
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $67,999,200 | $67,999,200 | $67,999,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.086% | 6.183% |
| Monthly Tax Payment | $14,843 | $14,843 | $14,843 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $396,825 | $407,690 | $573,816 |
| Total Monthly Payment | $411,792 | $422,657 | $588,783 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.