A buyer using the Delaware entity Pitchoune Life purchased a second oceanfront estate in Manalapan for $35.1 million from Rebecca and Tonio Arcaini, according to records dated April 13. This follows the same entity’s acquisition of the adjacent lot for $27.5 million in January, bringing their total investment to $62.6 million for a combined 2.6-acre property.
The sale highlights continued demand for luxury waterfront properties in South Florida, particularly during the busy winter and spring season when agents say buyers are actively seeking large estates along the coast.
Gary Pohrer was responsible for listing both properties, while Marine Rollins with Miami Global Realty represented the buyer in each transaction. Rollins is married to cosmetic surgeon Dr. Aaron Rollins; last month, they sold their Indian Creek Island estate in Miami to Mark Zuckerberg and Priscilla Chan for $170 million.
Tonio Arcaini is known as an Italy-born, Germany-raised businessman who founded German food additive company TA-XAN AG. Records show that he and his wife purchased the 1.3-acre Manalapan property through a trust in 2003 for $5.9 million before building a nearly 16,000-square-foot mansion four years later with eight bedrooms, thirteen bathrooms, several half-bathrooms, and amenities including a theater, wine cellar, pub, wellness center with gym facilities, sauna and massage room.
The Arcainis initially listed their estate at $56 million last May but reduced the price three times before selling it this month according to Zillow data. Their mailing address on official documents is listed as another nearby property developed by Joe Farrell which recently went pending at nearly $20 million.
Recent activity suggests strong momentum within Manalapan’s high-end real estate market: earlier this month Frank and Dolores Mennella bought an ocean-to-lake estate there for over $51 million after previously setting records elsewhere; meanwhile billionaire Dr. Herbert Wertheim acquired a separate mansion on South Ocean Boulevard late last year.
