Ziff family lists Florida compound for $200 Million
A massive 15.6-acre compound on a barrier island in Manalapan, owned by the Ziff family, has reportedly been put up for sale at just under $200 million.
A sprawling oceanfront Florida compound owned by the Ziff family is asking just under $200 million, according to The Wall Street Journal.
Located on a barrier island in Manalapan, just south of Palm Beach, the nearly 16-acre property known as “Gemini” spans the width of the barrier island, with roughly 1,200 feet of frontage on the Atlantic Ocean and about 1,300 feet on the Intracoastal Waterway.
Carmen D’Angelo, Jr., Gemini’s co-listing agent from Premier Estate Properties told WSJ that the Ziff family bought the estate in the 1980s.
Built in the 1940s, the coral stone-clad main house has been reconstructed and measures about 62,200 square feet.
The oceanfront house is connected to guest quarters known as the Ficus Wing, which sits on the Intracoastal, by a tunnel that runs underneath the road bisecting the property. The tunnel is air-conditioned and furnished as a living room, with a fireplace and skylights.
In addition to the main home, there is a seven-bedroom house known as the Mango House, two four-bedroom cottages on the beach, a manager’s house with four apartments, and manager’s offices.
On the grounds there is a pool, a pier and a dock for boating. A sports complex has a half basketball court and a tennis court. There is also a golf practice area with two greens.
For children, the property has a multitiered treehouse, a playground and a miniature golf course with a model train set running through it.
Near the pool area, the Orchid Alley loggia is hung with hundreds of orchids, which are frequently refreshed to make sure they’re at “the prime blooming point.”
Ziff Jr. built the Ziff-Davis publishing empire before selling it to investment firm Forstmann Little & Company for $1.4 billion. He died in 2006.