Vacant lot in Manalapan earmarked for ‘America’s most expensive home’ is on the market for $75 million

November 23, 2025

2 4 minutes read

Vacant lot in Manalapan earmarked for 'America's most expensive home' is on the market for $75 million

A sprawling oceanfront lot in Manalapan, FL, bordering billionaire Larry Ellison‘s home is up for grabs – months after construction was given the green light to build “America’s most expensive house” on the lot.

The 10-acre parcel in Florida has hit the market for $75 million and is represented by Nick Malinoskyby The exclusive group at Douglas Elliman.

The property, located at 1960 South Ocean Blvd., is owned by the former mayor of Manalapan Stewart Satter. Earlier this year, the property attracted a lot of attention when it hit the market as the most expensive new construction home with a price tag of $285 million.

Now the sale only applies to the country. However, it includes plans for the original 52,000-square-foot home, which features a bowling alley, a car museum, a golf simulator, a padel court, a shooting range and a private spa.

“We have received strong interest from both domestic and international buyers. What we see is that buyers at this level want to create a true trophy property that reflects their own vision,” Satter tells Realtor.com®.

“While the original plans and $285 million custom home offering remain available, we now also offer the option to purchase the land itself.

“Given the number of proposed design changes from interested parties, it is clear that today’s ultra-high-end buyer appreciates the flexibility to bring their own concept to life in this unparalleled oceanfront location.”

A sprawling oceanfront lot in Manalapan, FL, bordering billionaire Larry Ellison‘s house is up for grabs. (Daniel Petroni and Seth Zaluski)

The 10-acre parcel in Florida hit the market for $75 million and is represented by Nick Malinosky, of The Exclusive Group at Douglas Elliman. It’s accompanied by plans to build a $285 million home, billed as “America’s most expensive home.” (Gladstonemedia and marketing)

The property, located at 1960 South Ocean Blvd., is owned by former Manalapan Mayor Stewart Satter. (Daniel Petroni and Seth Zaluski)

The lot is listed for $75 million, with Satter saying: “Buyers at this level want to create a true trophy property that reflects their own vision.” (Daniel Petroni and Seth Zaluski)

The parcel stands out from others in the city because it is the largest oceanfront property in the area.

“What sets Manalapan apart is its unique blend of absolute waterfront privacy, waterfront access and a small, sophisticated community that understands the value of space and seclusion,” Malinosky tells Realtor.com®.

“Buyers who come here aren’t chasing trends, they’re buying sustainability. Exceptional views, direct access to the ocean and the kind of location that allows an architect to create something truly unique defines Manalapan.”

Malinosky adds that easy access to Palm Beach Island and nearby private airports makes this lifestyle coveted.

“The reality is that there are very few packages left that deliver this combination. If a lot of this caliber comes to market, there will be a lot of interest because it simply cannot be replicated.”

The reintroduction of the land will only allow owners to purchase the land while retaining the full estate plans. A rendering of the home shows a kitchen with clean lines. (Gladstonemedia and marketing)

The renderings also show that it will feature floor-to-ceiling windows so you can make the most of the beautiful views. (Gladstonemedia and marketing)

“Given the number of proposed design changes from interested parties, it is clear that today’s ultra-high-end buyer appreciates the flexibility to bring their own concept to life in this unparalleled oceanfront location,” Satter tells Realtor.com. (Gladstonemedia and marketing)

The parcel stands out from others in the city because it is the largest oceanfront property in the area. Renderings show the modern design of the proposed home and an outdoor waterfall. (Gladstonemedia and marketing)

In mock-up photos of the completed home, buyers can catch a glimpse of the luxurious walk-in closet, the perfect place for everyone to get their glam on. (Gladstonemedia and marketing)

Renderings of the home initially showed its modern design and included an exterior waterfall. The plans also had floor-to-ceiling windows that allowed natural light to flood in.

Construction was given the green light in June and it was expected that it would take several years before the house would be built.

Should the new owners commit to building according to plans, the home would become one of the most expensive homes ever sold in the US, a record currently held by hedge fund billionaire Ken Griffin and the $238 million Manhattan penthouse he bought in 2019.

In February 2024, the longtime owners of an extraordinary complex in Naples, Florida, attempted to steal the title by putting the property on the market for a staggering $295 million; however, that price was reduced to $210 million in January 2025, and to this day it remains on the market for that amount.

Then in April, another Naples property made up of three separate estates earned the record for the most expensive home ever sold in Florida after changing hands for a whopping $225 million in an off-market deal.

Should the new owners commit to building according to the plans, the home would become one of the most expensive homes ever sold in the US. (Gladstonemedia and marketing)

Plans for the home include numerous amenities, including a movie theater (Gladstonemedia and marketing)

There’s even an expansive garage where future homeowners can showcase their impressive car collection. (Gladstonemedia and marketing)

There is also an extensive bowling alley. (Gladstonemedia and marketing)

The exclusive area has seen huge investment in recent months from some of the richest men and women in the world, including Ellison, who has poured millions into transforming the community into the ultimate haven for the 0.1%. (Daniel Petroni and Seth Zaluski)

While the sky-high price tag represented the Sunshine State’s most expensive residential transaction, the anonymous buyer actually managed to snag a discount as the properties were originally listed for sale in October 2024 for the combined price of $295 million.

Ultimately, the centerpiece in the trio of homes — which offers six bedrooms, 13.5 bathrooms and 8,846 square feet — sold for $133.2 million, according to property records. Meanwhile, the other two – one is a five-bedroom, 3.5-bathroom home – sold for $46.9 million and $44.9 million respectively.

But while Naples may currently hold the record for Florida’s most expensive home, Manalapan is quickly catching up.

The exclusive area has seen huge investment in recent months from some of the richest men and women in the world, including Ellison, who has poured millions into transforming the community into the ultimate haven for the 0.1%.