One of the priciest homes in the US just listed for sale — and ultra-wealthy buyers are already interested

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

One of the priciest homes in the US just listed for ***** — and ultra-wealthy buyers are already interested

Florida’s ultra-exclusive town of Manalapan is about to test the limits of luxury real estate.

Local developer Stewart Satter has put a planned ocean-to-Intracoastal estate on the market for a jaw-dropping $285 million — one of the most expensive residential listings in US history. News of that listing

This is the hidden content, please

• Sign In
• or
• Sign Up

by the Wall Street Journal on Thursday.

At that astronomical price, the property is closing in on the nation’s priciest listing: a

This is the hidden content, please

• Sign In
• or
• Sign Up

in Naples, Florida, which remains unsold since hitting the market in February 2024.

What’s more, if this new listing sells for its current asking price, it would still set a record for the priciest residence ever sold in America. And it seems like some deep-pocketed buyers are already clamoring to earn that title.

Sources tell The Post the offering has already attracted two potential buyers.

The 4-acre waterfront property spans from the Intracoastal Waterway to the Atlantic Ocean and includes a private tunnel. Gladstone Media Inc.

The current record for the most expensive US home ***** stands at some $238 million,

This is the hidden content, please

• Sign In
• or
• Sign Up

hedge-fund billionaire Ken Griffin for a residence at 220 Central Park South in Manhattan in early 2019.

But Satter says it’s more than just a potential property record.

“Someone spending $285 million is expecting everything. And in that property, they’re going to get everything,” Satter told the Journal.

And “everything” might be an understatement.

The proposed design for the sprawling 4-acre estate, located at 1960 South Ocean Boulevard, includes a massive 50,000-square-foot main house, a guesthouse and even a boathouse.

This is the hidden content, please

• Sign In
• or
• Sign Up

Satter, who made his fortune with Consumer Testing Laboratories, purchased the land for $27.5 million in March 2024 and plans a 50,000-square-foot modern estate featuring eight bedrooms — plus luxury amenities like a bowling alley, a movie theater and a car museum. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

The property isn’t yet under construction, allowing the future buyer to customize the design. Manalapan has seen rising property values, attracting wealthy buyers like Larry Ellison and Sean Hannity due to its privacy and exclusivity. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

NYPost composite

Inside, the home will feature eight bedrooms, nine full bathrooms, seven powder rooms, a private bowling alley, a golf simulator, a shooting range, a movie theater, a game room and a padel court.

There’s even a “car museum” for showcasing a multimillion-dollar collection of luxury vehicles.

A private tunnel will also run beneath South Ocean Boulevard, connecting the property’s Atlantic Ocean frontage to the Intracoastal Waterway.

This is the hidden content, please

• Sign In
• or
• Sign Up

Satter believes the price is justified by the property’s size and luxury features, with his broker emphasizing the turnkey nature of the project. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

The grand foyer. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

A living space. Gladstone Media Inc.

The property also gives the future owner access to Oracle billionaire Larry Ellison’s

This is the hidden content, please

• Sign In
• or
• Sign Up

; Ellison in recent years purchased the estate next door to this new listing.

Satter snapped up the land for $27.5 million in March 2024 and quickly demolished the existing 1980s Mediterranean-style mansion. He enlisted luxury builder Robert W. Burrage of RWB Construction Management and architecture firm Choeff Levy Fischman to craft the extravagant plans.

Despite the sky-high asking price, Satter insists it’s doable.

This is the hidden content, please

• Sign In
• or
• Sign Up

The dining space. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

The library. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

The infinity pool. Gladstone Media Inc.

“I’m a pretty realistic person,” he said, noting that Palm Beach’s Billionaires’ Row recently saw a $150 million listing on a property half the size.

Listing agent Nick Malinosky of Douglas Elliman echoed the sentiment, pointing to the property’s massive 700 feet of combined ocean and Intracoastal frontage.

“When we talk about numbers and price tags, our price per square foot is nowhere near the highest in Palm Beach,” Malinosky told the outlet.

And for ultra-wealthy buyers looking for a headache-free process, Malinosky says it’s as turnkey as it gets.

This is the hidden content, please

• Sign In
• or
• Sign Up

Ken Griffin set a record for the most expensive home sold in the United States with a roughly $238 million purchase for a ********** at 220 Central Park South in Midtown Manhattan in 2019. Matthew McDermott

This is the hidden content, please

• Sign In
• or
• Sign Up

Citadel owner and CEO Ken Griffin. REUTERS

This is the hidden content, please

• Sign In
• or
• Sign Up

Meanwhile, Larry Ellison purchased the Manalapan estate next door to 1960 South Ocean Boulevard for $173 million in 2022. Neighbors will enjoy access to his La Coquille Club. Getty Images

“We have literally cleared the lot, found the land, and designed the plans. We have the builder, we have the architect, we have the engineers. All this buyer needs to do is essentially hit go, and we’ve taken away all the brain damage.”

Satter, who once briefly served as Manalapan’s mayor before stepping down over new financial disclosure rules, built his fortune through Consumer Testing Laboratories, a company that evaluated products for Walmart before he sold it in 2016. He now dabbles in real estate development as a “hobby.”

This isn’t Satter’s first high-end project in Manalapan. In 2020, he sold a custom-built estate for $39 million to a couple who had just sold their Palm Beach home to Sylvester Stallone. In 2022, Campbell Soup heiress Mary Alice Dorrance Malone dropped $40 million on one of his lots.

This is the hidden content, please

• Sign In
• or
• Sign Up

One of eight bedrooms. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

A second bedroom. Gladstone Media Inc.

This is the hidden content, please

• Sign In
• or
• Sign Up

A dressing room. Gladstone Media Inc.

Satter’s long-term bet on Manalapan is paying off in spades.

“People said to me, ‘You’re crazy. It’s never going to amount to anything.’ But I was able to see around the corner and see what was going on,” he recalled.

The once-sleepy barrier island, home to just 400 residents, has become a magnet for billionaires seeking privacy without sacrificing luxury.

This is the hidden content, please

• Sign In
• or
• Sign Up

The garage. Gladstone Media Inc.

Ellison set the tone in 2022, purchasing

This is the hidden content, please

• Sign In
• or
• Sign Up

in Manalapan, later buying the Eau Palm Beach Resort & Spa turned the La Coquille Club for $277 million.

Fox News host Sean Hannity followed suit, scooping up a $23.5 million mansion in December.

According to builder Burrage, congestion in nearby Palm Beach is driving the ultra-wealthy south.

“Palm Beach itself has become so congested it can take an hour to get on or off the island,” he said.

This is the hidden content, please

• Sign In
• or
• Sign Up

#priciest #homes #listed #***** #ultrawealthy #buyers #interested

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up