The “Piano Man” struck a chord with local news outlets last week as several reports came in that he put his Manalapan properties on the market.
It was widely reported in February of this year that the crooner bought multiple properties in Palm Beach County in the coastal town of Manalapan. While unverified by the listing agent, Jack Elkins, the Palm Beach Property Appraiser shows the same owner, South Ocean Living, LLC, for the residence at 1920 S. Ocean Blvd. and the lot at 1940 S. Ocean Blvd.
The house at 1920 S. Ocean Blvd. closed in January, 2015 for $11.8 million, and the adjacent lot sold for $6.5 million. As of last week, both of these properties are now for sale – the house coming in at $19.5 million, with the lot back on the market at $9.5 million. Reports indicate that a major renovation took place to account for the price difference. I wonder whether Joel was debating between two different houses, or if this was an investment deal from the start.
A few things about the Billy Joel property story are actually pretty interesting. When the initial land deals were made public back in February, several outlets reported that Joel had in fact purchased three properties. More than a few stories were written that Joel had actually bought 3 contiguous pieces of properties, to include the residence at 1960 S. Ocean Blvd., directly to the south of the other two properties.
Here is a report on the Real Deal South Florida from February outlining the details of the deal. The irony of this situation is that property records show that the third property (at the bottom of the above picture) in the Real Deal article has not even changed hands recently, and the ownership is maintained by William Gerard.
Somewhere along the way, this story was sincerely confused. If you spend time to dig deeper, it is possible to find that there was in fact a third property that was part of the Joel/Manalapan dealings, but it was further up the coast. Out of respect for the Piano Man, we’ll omit the address, but take it from us, this residence is easily the nicest of the bunch.
Adding even more confusion to the story-line is that when this story was first circulating, it was reported on a popular Palm Beach morning radio show that Joel had put all his Manalapan holdings back on the market and was leaving town. Contrary to this report, the third property on S. Ocean is still off the market and we feel comfortable in asserting that Joel will remain in the area at his luxurious oceanfront residence. I guess you can’t believe everything you read or hear.