P
rime Manalapan oceanfront land, once listed as a $285 million megamansion, is now on the market for $75 million. The parcel at 1960 South Ocean Blvd sits beside Larry Ellison’s sprawling South Florida estate. Developer and former Manalapan mayor Stewart Satter is offering the four‑acre lot with the option to purchase plans for a 55,000‑sq‑ft “trophy” home that could include a bowling alley, car museum, private spa, and other luxury amenities.
Satter explained that buyers have expressed a strong desire to customize their own estates rather than purchase a pre‑designed property. “We’re listening to the market,” he said. “Many want to build exactly what they envision, so we’re making the land available with the plans as an option.” His broker, Nick Malinosky of Douglas Elliman Exclusive Group, noted that Manalapan’s limited inventory and large parcels have made it a hotspot for high‑net‑worth buyers. “The location is unbeatable—four acres, intracoastal to the ocean, 350 feet of water frontage on both sides,” Malinosky added.
The decision to list the land alone came after feedback that potential buyers were more interested in the site than the finished home. While five serious prospects had considered purchasing the original $285 million mansion, inquiries for the land itself increased. “We found that many buyers want to customize even more than the existing plans,” Malinosky said. “We’re adapting to that demand.”
Manalapan, home to roughly 400 residents, has become a magnet for affluent newcomers. Ellison’s residence borders Satter’s property, meaning a new owner could become the billionaire’s next‑door neighbor. “South Florida continues to attract the cream of the crop,” Satter remarked. “The demand for oceanfront luxury outpaces supply.”
The proposed home would be one of the most expensive new constructions in the U.S., potentially featuring a shooting range, golf simulator, padel court, and gym in addition to the previously mentioned amenities. The lot’s dual‑water exposure makes it the largest available oceanfront holding in town and could be subdivided into two lots if desired.
Satter emphasized the pro‑development environment in Manalapan, citing low taxes, local government efficiency, and the area’s natural beauty. “We encourage buyers to work closely with us to create their dream home,” he said. “The community is welcoming to entrepreneurs from all sectors—manufacturing, tech, retail—who are looking for a secure, luxurious market.”
Malinosky highlighted that buyers are drawn to the sense of security and exclusivity that Manalapan offers. “The name carries weight, but buyers are choosing markets that provide safety and privacy,” he noted. “We’re seeing record after record in the high‑end segment.”
The land’s listing reflects a broader shift in Florida’s ultra‑luxury market, where custom builds are increasingly favored amid a billionaire migration reshaping the coastline. The property’s proximity to Ellison’s estate and its expansive, ocean‑front layout make it a rare opportunity for those seeking a unique, high‑profile residence in South Florida.
