A sprawling oceanfront lot in Manalapan, FL, adjacent to billionaire Larry Ellison‘s dwelling is up for grabs—months after construction was greenlit to build “American’s most expensive home” on the parcel.
The 4-acre Florida lot has hit the market for $75 million and is represented by Nick Malinosky, of The Exclusive Group at Douglas Elliman.
The property, situated at 1960 South Ocean Blvd., is owned by former Manalapan Mayor Stewart Satter. Earlier this year, the property attracted a wave of attention when it hit the market as the most expensive new-construction home with a price tag of $285 million.
Now, the sale is for the land alone. However, it will include plans for the original 55,000-square-foot home, which boasts a bowling alley, car museum, golf simulator, padel court, shooting range, and private spa.
“We’ve received strong interest from both domestic and international buyers. What we’re seeing 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 custom home offering at $285 million remain available, we are now also offering the option to purchase the land itself.
“Given the number of suggested design modifications from interested parties, it’s clear that today’s ultra high-end buyer values the flexibility to bring their own concept to life on this unparalleled oceanfront site.”
The lot stands apart from others in town because it is the largest oceanfront landholding in the area.
“What sets Manalapan apart is its unique blend of absolute waterfront privacy, walk-to-water 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 permanence. Exceptional views, direct ocean access, and the kind of site that allows an architect to create something truly singular define Manalapan.”
Malinosky adds that easy access to Palm Beach Island and nearby private airports makes this lifestyle coveted.
“The reality is there are very few parcels left that deliver this combination. When a lot of this caliber comes to market, it creates intense interest because it simply can’t be replicated.”
Renderings of the home initially showed off its modern design, and it included an outside waterfall. The plans also boasted floor-to-ceiling windows that allow for natural light to flood inside.
Construction was greenlit in June, and it was expected to take several years for the home to be built.
Should the new owners commit to building from the plans, it would make the dwelling one of the most expensive homes to ever be sold in the U.S., a record currently held by hedge fund billionaire Ken Griffin and the $238 million Manhattan penthouse he purchased in 2019.
In February 2024, the longtime owners of an extraordinary compound in Naples, FL, attempted to steal the title—listing the property for a jaw-dropping $295 million; however, that price was reduced to $210 million in January 2025, and it remains on the market for that sum to this day.
Then, in April, another Naples property made up of three separate estates earned the record for the most expensive home to ever be sold in Florida, after changing hands for a staggering $225 million in an off-market deal.
Although the sky-high price tag represented the Sunshine State’s most expensive residential real estate transaction, the anonymous buyer actually managed to snag something of a discount, given that the properties were originally listed for the collective price of $295 million back in October 2024.
In the end, the central property 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 dwelling—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 playing catch-up.
The exclusive area has seen a huge investment from some of the world’s wealthiest men and women in recent months, including Ellison, who has poured millions into transforming the community into the ultimate retreat for the 0.1%.