Less than a year ago, a four-acre ocean-to-Intracoastal property in Manalapan was being marketed as the future site of one of the most expensive homes ever built in the United States. Today, that vision is off the table.
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The waterfront parcel at 1960 South Ocean Boulevard, where developer Stewart Satter had proposed a roughly 50,000-square-foot spec mansion asking $285 million, has instead been divided into two parcels and sold to neighboring billionaires Larry Ellison and David MacNeil for a combined $67 million.
The outcome marks a dramatic shift from the property’s original plan. Renderings for the proposed estate included a car museum, bowling alley, golf training facility, wellness center, wine cellar, and multiple pools—enough amenities to rival a private resort. Had it been completed, it would have ranked among the most ambitious spec-home projects ever attempted in South Florida. The land itself, however, proved to be the bigger prize…