SOLD: 1370 S Ocean Blvd, Manalapan — $83.2M

Trophy money just spoke in Manalapan. Christopher Rokos’s Balinese-inspired estate at 1370 S Ocean Blvd hit the market at $150 million in February 2025, took a cut to $135 million, and closed September 30 at $83.2 million — the sale every luxury conversation in Palm Beach County will reference for the next year.

The numbers

• Sold: $83,200,000 — closed September 30, 2026
• The ask: $150M (Feb 2025) → cut to $135M → closed about 45% under the original ask
• The history: the same estate set Manalapan’s sale record at $40 million in 2017
• The trend: the island’s top comp has more than doubled in nine years

Why it matters

Two lessons in one closing. First: even at the very top of the market, positioning is what gets paid — a $150M ask that closes at $83.2M is the market charging a premium for patience. Second: the long game wins. An estate that set the record at $40M in 2017 just more than doubled the island’s ceiling nine years later. That’s Palm Beach County trophy property doing what it does — appreciating while everything else argues about interest rates.

Thinking about selling? The best comp for your home is the one that closed last month, not the one listed last year. We track this market every day — when it’s time to price your home, we bring the real numbers. Source: Palm Beach Post.