Advisor Catherine McGlennon of Engel & Völkers Delray Beach Represents Buyers in Exclusive Transaction
DELRAY BEACH, Fla., March 7, 2025 /PRNewswire-PRWeb/ -- Engel & Völkers Florida today announced the sale of Villa Oceano Azul, an ocean-to-lake estate at 1400 S. Ocean Blvd. in Manalapan, for $49.12 million. Previously listed for nearly $60 million, the property underwent two significant price reductions before closing. Catherine McGlennon, an advisor with Engel & Völkers Delray Beach, represented the buyers in this exclusive transaction.
"Even with price adjustments, this sale underscores the enduring strength of South Florida's luxury real estate market," McGlennon said. "The buyer was captivated by the property's unparalleled waterfront location, world-class amenities, and the exclusive lifestyle Palm Beach offers. This estate is the perfect blend of privacy and convenience, making it an exceptional investment. Palm Beach remains one of the most sought-after destinations for high-net-worth individuals, and this property epitomizes serenity and opulence."
McGlennon previously worked with the buyers on a separate 2020 transaction. The estate, which sold for $48.37 million in January 2023, spans 1.85 acres and boasts more than 200 feet of oceanfront as well as a separate lakefront parcel. The 20,712-square-foot main residence features six bedrooms, a guesthouse, two swimming pools, and a private dock on the Intracoastal Waterway.
"Catherine McGlennon's expertise and commitment were instrumental in securing this extraordinary estate for her clients," said Lenny Felberbaum, License Partner of Engel & Völkers Delray Beach. "This sale reflects the high demand for luxury properties in South Florida, and we are thrilled to have played a role in facilitating this transaction."
The estate includes premium features such as a smart-home automation system, impact-resistant windows, a whole-house generator, and a 50-foot dock. It was fully furnished, with coastal-inspired interiors designed by Marc-Michaels Interior Design.
"This sale reaffirms that the Palm Beach area remains one of the world's most desirable luxury real estate markets," said Peter Giese, CEO of Engel & Völkers Florida. "Engel & Völkers is proud to facilitate these exceptional transactions and support clients investing in iconic properties that contribute to the vibrancy of the local market."
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Press contact:
Kaitlin Weigelt, Marketing and Brand Manager
Email: Kaitlin.Weigelt(at)evrealestate.com
Tel: (239) 348-9000
About Engel & Völkers:
Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany, in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process. Engel & Völkers currently operates approximately 300 shop locations with over 6,500 real estate advisors in the Americas, contributing to the brand's global network of over 16,600 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate and yachting. Committed to exceptional service, Engel & Völkers supports its advisors with an array of premium quality business services; marketing programs, and platforms; as well as access to its global network of real estate professionals, property listings, and market data. Each brokerage is independently owned and operated. For more information, visit www.evrealestate.com.
About Engel & Völkers Florida:
Engel & Völkers Florida, as the Master License Partner of the esteemed luxury real estate brand Engel & Völkers in Florida, stands as a beacon of excellence in the state's real estate landscape. The company is renowned for its multifaceted marketing approach, seamlessly blending traditional and modern methods, offering training programs tailored for seasoned real estate professionals seeking to enhance their existing businesses, and for fostering a collaborative global network. Engel & Völkers Florida's unique business model propels its franchisees to the forefront of the premium market, enabling them to seize market share and fortify their bottom line. With a robust presence spanning over 50 markets, including iconic destinations, coastal retreats, thriving metropolises, and quaint towns, Engel & Völkers Florida represents a network of franchise locations strategically positioned to cater to the discerning needs of luxury clientele across the Sunshine State. Continuing its strategic growth initiatives, Engel & Völkers Florida is committed to further strengthening and expanding its footprint in key premium real estate markets statewide. For those interested in learning more about the Engel & Völkers brand or exploring opportunities to join its esteemed global network, renowned for its hallmark attributes of competence, exclusivity, and passion, inquiries are welcomed at our corporate office located at 633 Tamiami Trl N, Suite 201, Naples, FL 34102 USA. Alternatively, you can reach us by phone at +1 239-348-9000. For comprehensive information about Engel & Völkers Florida, please visit http://www.joinevflorida.com.
Media Contact
Kaitlin Weigelt, Engel & Völkers Florida, 1 2393489000, [email protected], joinevflorida.com
SOURCE Engel & Völkers Florida
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