Manalapan estate — listed at US$44,500,000 — sells after just eight days on the market
This record-breaking sale was achieved by the team of Pascal Liguori & Son of Premier Estate Properties, a Christie’s International Real Estate Affiliate
New York, New York (January 20, 2021) — A sleek estate of modern architecture on Florida’s exclusive Manalapan Peninsula was introduced on November 10, 2020, and was under contract eight days later. Listed at US$44,500,000, the approximately 21,000-square-foot residence closed for a record US$38,875,000 on December 31, 2020.
Pascal Liguori said, “This sale was the highest achieved in Manalapan for 2020. Clearly Manalapan is now recognized for its spectacular waterfront amenities, lot sizes, exceptional value, and proximity to Palm Beach, where the buyer originated. Since June of 2020, record sales for both newly built estates and vacant land in Manalapan have been recorded. With a deluge of buyers from California and the Northeast, sales are at an all-time high. In fact, total 2020 sales for Premier Estate Properties exceeded an unprecedented US$1,550,000,000, up 70% from last year.”
The six-bedroom L-shaped residence on three levels boasts walls of floor-to-ceiling impact glass throughout, offering panoramic water views. On a commanding lot in excess of two acres, one of the largest in prestigious Manalapan, the estate directly fronts some 150 feet of both the Atlantic Ocean and Intracoastal Waterway at Lake Worth. A private beach tunnel under state road A1A provides direct ocean access.
Other standout features include the 74-by-30-foot lakeside pool with spa framed by a manicured lawn and swaying palm trees, a 10-car auto salon in full view from the pool, smart house technology, a massive second-level entertaining loggia with built-in summer kitchen overlooking the pool, full staff quarters, plus a lower level spa and exercise room and a third-level billiards room.
The home is fully appointed with bespoke contemporary interiors and an open floor plan, enhancing the light-filled airiness. Rooms include a formal dining room with two separate seating tables abutting the glassed wine room, creating the sense of an art installation. The sumptuous primary suite is complemented by a large sitting area, dual walk-in closets and a resort-caliber bath. The medley of materials such as wood, marble and stone both warm and elevate the contemporary design.
Says Rick Moeser, executive director of Christie’s International Real Estate: “This sale plus the company’s 2020 results further underscore the expertise and client care of our Affiliate Premier Estate Properties. Pascal Liguori, who led this transaction, has been named among the top 100 real estate professionals in the nation for 13 years, with career sales topping US$1,800,000,000 and 2020 sales over US$186,000,000. This is the caliber of agents invited to join the Christie’s International Real Estate network.”
About Christie’s International Real Estate
Christie’s International Real Estate has successfully marketed high-value real estate around the world for more than 30 years. Through its New York City brokerage and invitation-only Affiliate network spanning 48 countries and territories, Christie’s International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market. The company has offices in London, New York City, Hong Kong, Los Angeles, Chicago, and Palm Beach, and its affiliated brokerages have recorded approximately US$500 billion of real estate transactions over the last five years. (Data as of September 30, 2020.) For additional information, please visit christiesrealestate.com.