Boxing promoter Don King’s 41,030-square-foot estate in Manalapan sold today for $15,950,000.
The sale included two parcels, according the the Palm Beach County Property Appraiser’s office. The total assessment for both parcels in 2010 was $14.6 million.
The home, which has a tennis court, two pools, courtyards and lush gardens, was on the market for 45 days.
It was the highest sale made this year in Manalapan, according to Realtor Jack Elkins, who represented King in the sale.
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The identity of the buyer was not immediately available as the deed had yet to be filed into the Palm Beach County Clerk of Court’s searchable website. Christian Angle Real Estate represented the buyer.
Elkins, of the Naples-based Engel Volkers Florida, is bound by a confidentiality agreement not to disclose or discuss the buyer or seller.
“The real estate market in Manalapan continues to move in a positive direction. The closing of this listing in such a short period of time is one of the first signs that buyers internationally and locally have the money and are only waiting for the home they desire to come on the market,” Elkins said.
Tags: Don King , Manalapan , Palm Beach , Palm Beach County , real estate
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