Non-public fairness boss James Caccavo flipped his waterfront Manalapan household for $13.9 million.
Data clearly show Caccavo and his spouse, Kimberly Caccavo, marketed the house at 71 Curlew Road to Drwelruc LLC, a Delaware entity. The true customer is unfamiliar.
Nicholas Malinosky and Michael O’Connor of Douglas Elliman represented both equally sides of the offer.
James Caccavo is the founder of Steelpoint Cash Partners, an Orlando-centered business that invests in technological innovation, overall health treatment and media businesses. Kimberly Caccavo is the founder of Experience Your Grace, an on the internet finding out system for older females business people.
The pair purchased the Curlew Street property for $10.5 million in November of final 12 months. Crafted as a spec residence and completed in 2022, the 6,700-square-foot property has 6 bedrooms and seven loos, house information display. It spans half an acre and has 178 ft of waterfront. The residence incorporates a gymnasium, a 162-bottle wine place, a pool and a 75-foot dock, in accordance to the listing. It also contains a membership to the La Coquille Club in the Eau Palm Seaside Vacation resort & Spa.
The Caccavos listed the house for $16.4 million in November, Redfin exhibits. The sale price tag of $13.9 million marks a $3 million, or 32 percent, improve in value in the course of the year that they owned the Manalapan home.
This is not the Caccavos’ to start with flip. In June of previous yr, they sold an oceanfront Gulf Stream estate to James Sausville, CEO of a baking ingredients distributor, for $27.5 million. It was an 85 % markup from the $14.9 million the Caccavos paid out for it in 2021.
Other latest Manalapan profits include a health and fitness tech boss’ July obtain of a $16.5 million 1.3-acre ocean-to-lake teardown. In April, an additional ocean-to-lake estate marketed for $37 million, immediately after initially listing for $45 million a calendar year prior.
Earlier this thirty day period, Nigerian oil mogul Onajite Okoloko sold an incomplete oceanfront megamansion back to his loan provider for $21.5 million pursuing a foreclosures fit. Okoloko had initially prepared to entire a 25,600-sq.-foot spec mansion on the 1.5-acre estate, and had it listed for $87.5 million.
