Found 2 blog entries tagged as Oceanfront Property.

Florida Lender Acquires Nigerian Oil Tycoon's Unfinished Manalapan Mansion for $21.5M

In a significant turn of events in the luxury real estate market, a Florida lender has acquired the oceanfront Manalapan estate of Nigerian oil mogul Onajite Okoloko. The spec megamansion, which was under construction, was purchased for $21.5 million by Edward London’s London Financial South Ocean LLC, a Florida-based entity.

Onajite Okoloko, a prominent figure in Nigeria's oil industry and chairman of Midwestern Oil & Gas, Eroton Exploration & Production, and Notore Chemical Industries, had initially listed the property for a staggering $87.5 million. Okoloko, also a co-founder of Ocean and Oil Holdings, faced foreclosure on the property located at 1460 South Ocean Boulevard, leading to its eventual sale.

Edward London, a Key Biscayne-based lender…

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Ken Griffin's Decade-Long Quest to Build a Mega-Mansion in Palm Beach's Billionaire's Row

Over the past ten years, Ken Griffin, the billionaire CEO of Citadel, has been strategically acquiring land on Palm Beach's exclusive "Billionaire's Row" along South Ocean Boulevard, a stone's throw from Mar-a-Lago. His grand plan? To construct what could be the world's most extravagant home - a home that, ironically, might face the threat of sea-level rise.


In 2022, the Architectural Board greenlit Griffin's ambitious project for a new "house" - reportedly a palatial estate for his mother. This sprawling 50,000-square-foot mansion, poised to sit on an eight-acre plot on the northern side of his property, is designed around a massive pool, with additional guest quarters featuring a smaller pool. The architectural renderings depict a lengthy, tan…

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