The sale of the sea-to-lake property at 1160 S. Ocean Blvd. is one of several sizable deals recorded this year in Manalapan.
Another sizable ocean-to-lake sale — this one recorded at $28 million — has closed in Manalapan, the wealthy town south of Palm Beach that has seen an unusually active real estate market over the past several months.
Changing hands via a deed recorded Monday was a seven-bedroom, 26-year-old mansion at 1160 S. Ocean Blvd.
The bulk of the property fronts the ocean with 160 feet of direct shoreline. The coastal road separates the seaside portion estate from a narrow parcel with another 160 feet of frontage on the Intracoastal Waterway. The property totals about 1.7 acres.
The identity of the buyer was not immediately available in the preliminary information about the sale posted on the Palm Beach County Clerk’s website.
The seller was apparently a Florida limited liability company managed by Michael Cantor. Property records show he took possession of the property in December 2016 from the estate of his late father, New Jersey real estate investor Edward A. Cantor, who died in 2002. His will left Michael Cantor an estate valued at about $90 million, primarily derived from the commercial and industrial properties that Edward Cantor owned through various companies, court records show.
The elder Cantor paid about $1 million for the Manalapan property in 1987, according to property records. Conference room
The Mediterranean-style mansion that sold this week was completed in 1995, building records show. The two-story house and its three-bedroom guesthouse have a combined 26,075 square feet of living space, inside and out, of which 15,814 is air conditioned.
More: Couple who sold Sylvester Stallone Palm Beach house buy new Manalapan estate for $38.9 million
The oceanfront living room has a pecky-cypress ceiling, a wood-burning fireplace and a 25-foot bar fashioned of illuminated onyx.
In addition to the public rooms, the layout features a home office, a well-equipped kitchen and a home theater that can double as a conference room, according to the sales listing. There’s also a recently added home gym and spa.
More: Ziff estate in Manalapan sells for recorded $94.17M after six years on market
The grounds include a full-size tennis and sports court linked to the swimming pool by a cabana building. Other outdoor features include a summer kitchen, putting green and a dock with two boat lifts. The garage can accommodate at least 10 cars.Agent Holly Meyer Lucas of Compass Florida co-listed the property with agents Sara Eavenson and Missy McCloskey of Douglas Elliman Real Estate. The property was last marketed with a price of $33.85 million, according to Realtor.com .Lucas declined to comment on behalf of the seller’s representatives.A deed recorded in December 2018 shows Michael and Deborah Cantor transferred ownership of the house to 1160 Manalapan LLC, the company that just sold it.Michael Cantor manages that company, which in late April changed its address from the Manalapan house to one at 12411 Hautree Court in Palm Beach Gardens, business records show. The […]
Click here to view original web page at www.palmbeachdailynews.com
