South Florida has no shortage of spectacular waterfront homes, but the numbers behind this newly listed Ocean Ridge estate make it particularly difficult to overlook.
The property occupies 1.55 acres in the town’s Estate Section, with an impressive 158 feet directly on the Atlantic Ocean.
Its elevated position adds another advantage, opening the house and grounds to broad water views while giving the estate a greater sense of separation from its surroundings.
Now, the five-bedroom property at 6161 N. Ocean Boulevard is on the market for $59.95 million.
The sellers are Stanley Middleman, founder and CEO of Freedom Mortgage, and his wife, Roslyn, who purchased the property for approximately $19.9 million in 2018. At its current asking price, the estate is returning to market at roughly three times that figure eight years later.
Nicholas Malinosky and Michael O’Connor of The Exclusive Group at Douglas Elliman hold the listing.
158 feet of direct ocean frontage
For a house whose biggest selling point is arguably its location, the dimensions matter.
The estate’s 1.55-acre parcel stretches across 158 feet of direct ocean frontage, creating an unusually wide window onto the Atlantic.
With the house set on higher grounds and room left to grow
The house also occupies one of the area’s higher elevations, according to the listing, which allows the water to remain a prominent part of the outlook from both the residence and its outdoor spaces.
The substantial lot leaves room for lawns, terraces and entertaining areas rather than placing the house and swimming pool tightly against the property lines.
А newly constructed seawall has also been added along the shoreline.
A notable South Florida design team shaped the elegant estate
Completed in 2017, the approximately 10,520-square-foot residence brought together several familiar names in South Florida luxury design.
Mark Timothy was involved in the home’s creation alongside Affiniti Architects and Marc-Michaels Interior Design, with the architecture and interiors conceived around the oceanfront setting.
Although nearly a decade old, the residence has been meticulously maintained and is being presented in turnkey condition, according to the listing.
Now being offered fully furnished
It’s also being sold fully furnished, allowing the interiors and furnishings to transfer with the property rather than leaving the next owner with an empty 10,000-plus-square-foot house to complete.
Glass walls put the Atlantic inside the main rooms
The ocean isn’t relegated to a distant view through conventional windows.
Large walls of Nano glass open the principal living spaces directly onto the terraces and grounds, creating broad openings between the interiors and the waterfront.
Sophisticated interiors complement the views
Nearly every principal room takes advantage of the Atlantic backdrop, while balconies and covered terraces extend the living areas toward the water.
Inside, extensive millwork and designer finishes give the rooms considerably more detail than the stark, glass-box aesthetic found in many newer South Florida builds.
The kitchen comes with an oversized pantry
The chef’s kitchen is designed on the same generous scale as the rest of the house, with high-end appliances and a substantial pantry providing additional storage and preparation space.
It’s one component of a larger entertaining setup that extends well beyond the kitchen itself.
A dedicated club/gathering room sits conveniently nearby
The home includes dedicated club and gathering spaces, while the outdoor kitchen creates another option for meals without moving entertaining away from the ocean.
Five bedrooms keep the sleeping quarters relatively intimate
Despite its 10,520-square-foot footprint, this isn’t a house that uses a huge bedroom count to fill its square footage.
There are five bedrooms and nine bathrooms, leaving a significant portion of the floor plan for larger living, entertaining and recreational spaces.
That relatively restrained bedroom count also distinguishes the estate from some of South Florida’s enormous multigenerational compounds, where eight, 10 or even more bedrooms aren’t unusual.
The pool has double-entry water features
Outside, a resort-style swimming pool and spa form the centerpiece of the grounds.
The pool incorporates double-entry water features and sits within a larger collection of terraces, lawns and covered outdoor spaces, all oriented toward the Atlantic.
The size of the lot becomes particularly apparent here. Even with a large house, pool and multiple entertaining areas occupying the property, there’s still substantial green space between them.
A new tiki hut sits right on the oceanfront
One of the more recent additions to the property is also one of its most distinctly Florida features.
The owners added a new oceanfront tiki hut, creating a covered gathering spot close to the shoreline and separate from the main house.
Rather than forcing every outdoor gathering onto the pool terrace, the structure establishes another destination on the 1.55-acre grounds — this one with the Atlantic immediately out front.
Covered terraces extend the house outdoors
Florida’s climate also shaped the home’s transitional spaces.
Expansive covered terraces and balconies provide sheltered outdoor living areas, while the outdoor kitchen makes it possible for much of the home’s entertaining to migrate outside.
Open the Nano glass and the separation between the principal rooms and terraces becomes considerably less defined, with the ocean providing a backdrop to both.
The estate sits between Palm Beach and Delray Beach
Then there’s Ocean Ridge itself.
The small coastal community sits between Manalapan and Delray Beach, with Boca Raton farther south and Palm Beach Island approximately 20 minutes away.
That location gives Ocean Ridge a different character from its higher-profile neighbors. It’s possible to own substantial direct-oceanfront property while remaining within relatively easy reach of the restaurants, shopping, private clubs and other amenities of Palm Beach County’s larger luxury hubs.
Ocean Ridge also operates its own police department, another characteristic of the small municipality that adds to its secluded feel.
The home’s price went up considerably since 2018
The property’s history also offers an interesting snapshot of just how dramatically the upper end of South Florida’s market has moved.
Middleman acquired the estate for approximately $19.9 million in 2018.
Eight years later, it has returned with a $59.95 million asking price — just over three times what he paid.
Of course, an asking price isn’t a sale price, and whether the market supports that increase remains to be seen. But the nearly $60 million figure places the estate firmly within the rarefied end of South Florida’s oceanfront market.
And unlike properties whose value proposition depends primarily on a newly built mansion, this one has something considerably harder to replicate: 1.55 acres at a high elevation with 158 feet directly on the Atlantic.
Now asking $59.95 million
The estate at 6161 N. Ocean Boulevard in Ocean Ridge is listed for $59.95 million with Nicholas Malinosky and Michael O’Connor of The Exclusive Group at Douglas Elliman.
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