One of the priciest homes in the US just listed for sale — and ultra-wealthy buyers are already interested

Florida’s ultra-exclusive town of Manalapan is about to test the limits of luxury real estate.

Local developer Stewart Satter has put a planned ocean-to-Intracoastal estate on the market for a jaw-dropping $285 million — one of the most expensive residential listings in US history. News of that listing was first reported by the Wall Street Journal on Thursday.

At that astronomical price, the property is closing in on the nation’s priciest listing: a $295 million compound in Naples, Florida, which remains unsold since hitting the market in February 2024.

What’s more, if this new listing sells for its current asking price, it would still set a record for the priciest residence ever sold in America. And it seems like some deep-pocketed buyers are already clamoring to earn that title.

Sources tell The Post the offering has already attracted two potential buyers.

The current record for the most expensive US home sale stands at some $238 million, paid by hedge-fund billionaire Ken Griffin for a residence at 220 Central Park South in Manhattan in early 2019.

But Satter says it’s more than just a potential property record.

“Someone spending $285 million is expecting everything. And in that property, they’re going to get everything,” Satter told the Journal.

And “everything” might be an understatement.

The proposed design for the sprawling 4-acre estate, located at 1960 South Ocean Boulevard, includes a massive 50,000-square-foot main house, a guesthouse and even a boathouse.

Inside, the home will feature eight bedrooms, nine full bathrooms, seven powder rooms, a private bowling alley, a golf simulator, a shooting range, a movie theater, a game room and a padel court.

There’s even a “car museum” for showcasing a multimillion-dollar collection of luxury vehicles.

A private tunnel will also run beneath South Ocean Boulevard, connecting the property’s Atlantic Ocean frontage to the Intracoastal Waterway.

The property also gives the future owner access to Oracle billionaire Larry Ellison’s La Coquille Club; Ellison in recent years purchased the estate next door to this new listing.

Satter snapped up the land for $27.5 million in March 2024 and quickly demolished the existing 1980s Mediterranean-style mansion. He enlisted luxury builder Robert W. Burrage of RWB Construction Management and architecture firm Choeff Levy Fischman to craft the extravagant plans.

Despite the sky-high asking price, Satter insists it’s doable.

“I’m a pretty realistic person,” he said, noting that Palm Beach’s Billionaires’ Row recently saw a $150 million listing on a property half the size.

Listing agent Nick Malinosky of Douglas Elliman echoed the sentiment, pointing to the property’s massive 700 feet of combined ocean and Intracoastal frontage.

“When we talk about numbers and price tags, our price per square foot is nowhere near the highest in Palm Beach,” Malinosky told the outlet.

And for ultra-wealthy buyers looking for a headache-free process, Malinosky says it’s as turnkey as it gets.

“We have literally cleared the lot, found the land, and designed the plans. We have the builder, we have the architect, we have the engineers. All this buyer needs to do is essentially hit go, and we’ve taken away all the brain damage.”

Satter, who once briefly served as Manalapan’s mayor before stepping down over new financial disclosure rules, built his fortune through Consumer Testing Laboratories, a company that evaluated products for Walmart before he sold it in 2016. He now dabbles in real estate development as a “hobby.”

This isn’t Satter’s first high-end project in Manalapan. In 2020, he sold a custom-built estate for $39 million to a couple who had just sold their Palm Beach home to Sylvester Stallone. In 2022, Campbell Soup heiress Mary Alice Dorrance Malone dropped $40 million on one of his lots.

Satter’s long-term bet on Manalapan is paying off in spades.

“People said to me, ‘You’re crazy. It’s never going to amount to anything.’ But I was able to see around the corner and see what was going on,” he recalled.

The once-sleepy barrier island, home to just 400 residents, has become a magnet for billionaires seeking privacy without sacrificing luxury.

Ellison set the tone in 2022, purchasing his $173 million estate in Manalapan, later buying the Eau Palm Beach Resort & Spa turned the La Coquille Club for $277 million.

Fox News host Sean Hannity followed suit, scooping up a $23.5 million mansion in December.

According to builder Burrage, congestion in nearby Palm Beach is driving the ultra-wealthy south.

“Palm Beach itself has become so congested it can take an hour to get on or off the island,” he said.