The empty lot next to billionaire Larry Ellison\u2019s Manalapan, Florida compound is on offer for $75 million.<\/p>\n
That price marks a staggering $210 million discount from the 4-acre property\u2019s eye-watering $285 million ask<\/a> earlier this year. That nine-figure offer came with pre-approved construction plans, making it the most expensive new-construction home for sale in the United States.<\/p>\n The new $75 million listing, first reported by Fox Business<\/a>, was formed in response to \u201cevolving market dynamics and significant buyer feedback,\u201d according to a Friday morning press release. In short: That price is for the land alone.<\/p>\n Several buyers expressed interest in the $285 million offering \u2014 but showed even more interest in the land itself. Daniel Petroni and Seth Zaluski<\/p>\n Pre-approved plans for the site included a 55,000-square-foot ultra-luxury residence. Gladstone Media & Marketing<\/p>\n The seller, Stewart Satter, is a developer and former mayor of Manalapan. He is represented by Nick Malinosky of the Exclusive Group at Douglas Elliman.<\/p>\n Malinosky told The Post that about five serious buyers \u2014 primarily from the Northeast and California \u2014 expressed interest in the $285 million plans.<\/p>\n \u201cEach one of those buyers always asked us, would they consider just selling the land?\u201d Malinosky said.\u00a0<\/p>\n Malinosky said ultra-wealthy buyers have made making waves in the Palm Beach County enclave since 2020, as more people sought to settle in the low-tax Sunshine State full-time. Manalapan offered well-heeled buyers a high level of privacy and massive lots to match.\u00a0<\/p>\n \u201cNinety percent of the homes that are on the Intracoastal or the ocean, they\u2019re very substantial, massive properties,\u201d Malinosky said. \u201cThat really came into play after COVID.\u201d<\/p>\n Ellison, who owns an adjacent compound, has invested hundreds of millions of dollars into the tiny town. Jay Hirano\/SOPA Images\/Shutterstock<\/p>\n Roughly 400 residents reside in Manalapan. manalapan.org<\/p>\n The ocean-to-Intracoastal property\u2019s next door neighbor, Oracle co-founder Larry Ellison, has been investing big in the barrier island town.\u00a0<\/p>\n Ellison dropped a cool $277 million in August 2024 on acquiring the tiny town\u2019s largest local employer, Eau Palm Beach Resort & Spa. The 309-room hotel isn\u2019t his first foray into ultra-luxury hospitality. Ellison also owns a Four Seasons Resort in Hawaii, as well as California\u2019s Nobu Ryokan Malibu and the Sensei Porcupine Creek.<\/p>\n