The property, sold by Hamptons builder Joe Farrell, is directly adjacent to another property purchased by MacNeil last year
Farrell bought the property last year and gutted the existing house. Photo: EagleView
By Katherine Clarke
March 11, 2025 4:57 pm ET
The deal
A partially completed estate on the ocean in the upscale town of Manalapan, Fla., is in contract to sell for $55.5 million.
The seller
Joe Farrell, a Hamptons home builder known for megamansions, bought the roughly 1.6-acre site for $32.5 million last year. At the time it had an existing house and guesthouse on it, which Farrell planned to convert into a contemporary estate. Farrell gutted the main house and listed the property for $95 million in August 2024; that sum would have included him remaining on the project as developer.
Source: https://www.wsj.com/real-estate/luxury-homes/weathertech-ceo-buys-manalapan-estate-bd832da7