Florida's Manalapan: The Tiny Town Where Homes Sell for $40 Million+

Manalapan, Florida, a small town south of Palm Beach, is experiencing an unprecedented boom in luxury real estate. Since 2020, numerous multi-million dollar homes have been sold, with at least six exceeding $40 million. This surge is attributed to several factors, including the town's exclusive location and low-density zoning, which has prevented overdevelopment. "Manalapan has developed much more slowly than Palm Beach," explains Katherine Clarke, WSJ Real Estate Reporter. "It lacks the commercial infrastructure of its neighbor, and its low-density zoning has kept it largely free of major condos and resorts." The recent economic uncertainty hasn't dampened demand, as many wealthy individuals are shifting their investments towards tangible assets like luxury real estate. A local agent confirms that significant demand remains for high-value properties in Manalapan. This trend highlights the resilience of the luxury market and the enduring appeal of exclusive, low-density communities.