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August 08.2025
2 Minutes Read

Why Sonny Kahn's $28M Purchase in Manalapan Signals Luxury Demand

Sonny Kahn pays $28M for oceanfront estate in Manalapan

Developer Sonny Kahn Expands Real Estate Footprint with Major Purchase

In a significant move within South Florida's luxury real estate market, developer Sonny Kahn and his wife, Suzanne, have purchased a stunning oceanfront estate in Manalapan for $28 million. This acquisition follows the couple's recent sale of their Miami Beach mansion for an impressive $105 million earlier this summer. The Kahn family's growing portfolio demonstrates the ongoing allure of coastal properties in Florida.

Luxurious Features of the Manalapan Estate

The newly acquired Manalapan estate spans 1.6 acres and boasts a wealth of luxurious amenities. Built in 1997, this sprawling 18,000-square-foot residence includes seven bedrooms and eight bathrooms, alongside three half-bathrooms. Notably, the property features a tennis court, a boat dock, and an oceanfront pool with a spa, perfect for those seeking both relaxation and recreation. Originally listed for nearly $40 million in February 2024, the estate reflects the high stakes and competitive environment of the high-end real estate market.

The Real Estate Landscape in Manalapan

Manalapan, a wealthy enclave just south of Palm Beach, continues to attract attention from affluent buyers. As the demand for luxurious waterfront properties grows, prices in this exclusive community are progressively rising. One of the most significant listings in the region includes an estate priced at a staggering $285 million—a figure that could break records for home sales in the state of Florida. The sale of Kahn's new property may have set the stage for even more remarkable transactions in the coming years.

Key Figures in Florida's Real Estate Market

Sonny Kahn is a prominent figure in the Miami-based development firm Crescent Heights, which is known for its projects across major U.S. cities, including New York and Chicago. Alongside Kahn, Russell Galbut and Bruce Menin are other key leaders driving Crescent Heights' ambitious real estate ventures. Their influence on the market highlights a trend where experienced developers are stepping up investments in coastal areas, aiming to capitalize on continued demand.

A Bright Future for Florida Real Estate

As real estate prices continue to soar, buyers like Sonny Kahn are making bold moves that signify both confidence in the market and a desire to secure lavish properties. This recent transaction underscores the ongoing trend of high-value purchases in Florida, emphasizing the unique appeal of oceanfront estates for luxury seekers. Florida homeowners and potential buyers should watch closely as this market evolves, presenting opportunities and challenges.

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