South Florida luxury oceanfront land next to Larry Ellison’s home hits

EXCLUSIVE: A prime stretch of Manalapan coastline once listed as a record-breaking $285 million megamansion is back on the market — this time at $75 million — and it happens to sit right next door to Oracle billionaire Larry Ellison’s sprawling South Florida estate.

The property at 1960 South Ocean Blvd., owned by developer and former Manalapan Mayor Stewart Satter, is being reintroduced as a land offering with the option to purchase plans for a 55,000-square-foot “trophy property” featuring a bowling alley, car museum and private spa. The move reflects a broader shift in Florida’s ultra-luxury market, as high-end buyers increasingly seek custom-built estates amid a billionaire migration reshaping the state’s coastline.

“Over the last year … a number of people asked us if we’d be willing to sell the land. So they want to obviously customize the product and build something to their unique specifications. We were happy to make that available, so we decided to offer the land as well as the finished home,” Satter told Fox News Digital.

“Manalapan’s become sort of a hot button in luxury real estate. It’s limited inventory, very large parcels as well as the subject property,” Douglas Elliman Exclusive Group founder Nick Malinosky, who represents Satter, told Fox News Digital.

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“So, for instance, this property is four acres, intracoastal to the ocean, 350 feet [of water frontage] on both sides,” he added. “So the location checks the box, number one. And number two, it’s really an estate property.”

An aerial view shows the plot of land that Stewart Satter is bringing to market for $75 million. (Photo courtesy: Daniel Petroni and Seth Zaluski  / FOXBusiness)

Coming to market Friday, Satter and Malinosky noted that the decision to list the land-only option came from reviewed feedback that potential buyers were more interested in the location and their own design plans versus a predesigned product.

There were reportedly five “really good prospects” who were interested in making the $285 million home purchase, but ultimately, more inquiries came in for the land itself.

“We all got together and decided, maybe we do offer the land to the buyer. What we found is many of these buyers want to customize even more than we’d already done to that property,” Malinosky said. “So we’re really listening to the feedback from the buyer and the brokerage community.”

“We’re pro-development here in Manalapan,” Satter said. “And though we have…