Vivian Dimond’s oceanfront mansion in Manalapan, listed for $59.9 million, has found a buyer, according to a March 10 report. The property is the latest high-value contract signed in Palm Beach County during the current real estate season.
The sale comes as buyers signed 32 contracts for luxury properties in Palm Beach County between March 2 and March 8, with a total asking dollar volume of $304.9 million and an average of 107 days on the market. The previous week saw 35 contracts totaling $295.6 million.
The Douglas Elliman Eklund-Gomes team tracks these contracts for single-family homes and condos listed at $3 million or more in the Beaches MLS. Their report identified 52 new listings and noted there are currently 1,292 active listings on the market.
Of last week’s pending sales, 28 were single-family homes and four were condos. Condos averaged an asking price of $5.6 million, or $1,712 per square foot, spending about 72 days on the market. Single-family homes averaged $10.1 million, or $1,630 per square foot, with an average of 142 days on the market.
The most expensive listing to go under contract was Dimond’s spec estate at 1460 South Ocean Boulevard in Manalapan. Bayshore Grove Capital, led by Dimond, purchased the incomplete estate in 2024 after Nigerian oil mogul Onajite Okoloko lost it to foreclosure in 2023. The finished mansion spans nearly 20,000 square feet with six bedrooms, eight bathrooms, five half-bathrooms, a salon, game room, wellness wing, indoor and outdoor pools, tennis court, a garage for sixteen cars and a dock. It features frontage on both the ocean and Intracoastal Waterway.
The property has been listed intermittently since 2022 with prices reaching as high as $87.5 million according to Zillow. Gary Pohrer with Serhant and Christopher Leavitt with Douglas Elliman represent the listing.
Another notable sale last week was a home at 433 Antigua Lane in Palm Beach that went under contract at its asking price of $24 million. Seller Steven Hudson bought it for $19 million in December before relisting it this January.
