IT Boss Sells Manalapan Mansion for $17M After Price Cuts: A $23.5M Deal That’s a Steep Discount from Its Original Asking Price of $34.9M | Brickellsold: Mistakes to Avoid

Manalapan Mansion Sale: A $23.5M Deal That's a Steep Discount from Its Original Asking Price

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAyMDQ0″,”databaseId”:1002044,”title”:”IT boss sells waterfront Manalapan mansion for $17M”,”status”:”publish”,”slug”:”it-boss-sells-manalapan-mansion-for-17m-after-price-cuts”,”uri”:”/miami/2025/11/21/it-boss-sells-manalapan-mansion-for-17m-after-price-cuts/”,”link”:”https://therealdeal.com/miami/2025/11/21/it-boss-sells-manalapan-mansion-for-17m-after-price-cuts/”,”dateGmt”:”2025-11-21T20:30:00″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eAn information technology CEO from Maryland sold a waterfront Manalapan mansion for $17.1 million, four years after listing it for $34.9 million.u003c/pu003enu003cpu003eRecords show Charles M. Adams sold the home at 110 Churchill Way to Martin and Jean Shafiroff in an off-market deal.u0026nbsp;u003c/pu003enu003cpu003eMartin Shafiroff is a wealth management adviser. He left his longtime position at New York-based Stifel Financial, where he oversaw $540 million in assets, for Wells Fargo in March, u003ca href=”https://www.barrons.com/advisor/articles/wells-fargo-hires-stifel-financial-advisors-7b47a0c3?gaa_at=eafsu0026amp;gaa_n=AWEtsqeSs1VOYGh6SzLiYXdcr0MIR0qAwDEH8TSdvwMLGVzbis6r2C66Z5uKQXRrXQ%3D%3Du0026amp;gaa_ts=6920a57cu0026amp;gaa_sig=gzTorLrARvTCTjP5V-owMC67yJ_t0J0aFoqaC9NB9x8Of_or-Zau9wzczO32-ilUQh9xN-AhyObF9KKRM4DVqw%3D%3D”u003eBarronu0026#8217;su003c/au003e reported.u0026nbsp; Jean Shafiroff is an author.u0026nbsp;u003c/pu003enu003cpu003eAdams is CEO of Maryland-based Adams Communication u0026amp; Engineering Technology, an information technology firm that focuses on clients within the intelligence community, U.S. Department of Defense, Veteran Administration and other federal sectors. Records show he also owns a 1.5 acre estate in North Palm Beach’s gated Seminole Landing community. He bought the property for $1.5 million in 2015 and built the 17,600-square-foot home in 2019.u0026nbsp;u003c/pu003enu003cpu003eAdams bought the 0.7-acre Manalapan property for $1.7 million in 2017, records show. He built the 14,800-square-foot mansion in 2021. It includes six bedrooms, eight bathrooms, one half-bathroom, a theater, 250 feet of waterfront and a dock.u0026nbsp;u003c/pu003enu003cpu003eHe first listed it in 2021 asking $34.9 million, Zillow shows. The home has been on and off the market since then, asking as much as $35.9 million before a series of price cuts. The most recent asking price was $23.5 million in March.u003c/pu003enu003cpu003eu003ca href=”/miami/2025/03/14/why-manalapans-trophy-market-is-booming/”u003eManalapanu003c/au003e has become a hotbed of luxury real estate deals in recent years. In May, u003ca href=”/miami/2025/05/28/weathertechs-david-macneil-drops-56m-on-manalapan-estate/”u003eWeatherTech founder David MacNeilu003c/au003e dropped $55.5 million on a second oceanfront property in the town, bringing his total amount spent there to $96 million. In August, Sonny Kahn, a founding partner with Miami-based Crescent Heights, bought an oceanfront estate for u003ca href=”/miami/2025/08/07/crescent-heights-sonny-kahn-pays-28m-for-manalapan-estate/”u003e$28 millionu003c/au003e.u0026nbsp;u003c/pu003enu003cpu003eOne of the most expensive homes for sale in the entire country is in Manalapan, developer Stewart Satter’s 4-acre spec estate asking u003ca href=”/miami/2025/01/16/manalapan-spec-mansion-next-to-larry-ellison-lists-for-285m/”u003e$285 millionu003c/au003e. The compound includes a 50,390-square-foot main house, guest house, boathouse, beach house, car museum, bowling alley, shooting range, padel court, gym, spa, theater and golf simulator.u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”14,800 sf home has 250 feet of waterfront, originally listed in 2021 for $34.9M”,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-21T20:32:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003culu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eInformation technology CEO Charles M. Adams sold his 14,800-square-foot waterfront mansion in Manalapan for $17.1 million to wealth management adviser Martin Shafiroff and author Jean Shafiroff in an off-market deal.u003c/spanu003eu003c/liu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eAdams purchased the 0.7-acre property for $1.7 million in 2017 and built the six-bedroom home in 2021. It was originally listed for $34.9 million in 2021 and had a most recent asking price of $23.5 million.u003c/spanu003eu003c/liu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eThe sale is part of a recent boom in Manalapan’s luxury real estate market, highlighted by other notable transactions, including David MacNeil’s $55.5 million purchase and the listing of a $285 million spec estate.u003c/spanu003eu003c/liu003ernu003c/ulu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:null,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–1400×933.jpg 1400w, 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Getty)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–1400×933.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–1400×933.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–300×200.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts–50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/IT-Boss-Sells-Manalapan-Mansion-for-17M-After-Price-Cuts-.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:null,”altText”:”Charles Adams and 110 Churchill Way”,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”933″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”IT Boss Sells Manalapan Mansion for $17M After Price Cuts”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”An IT CEO from Maryland sold a waterfront Manalapan mansion for $17.1 million, four years after listing it for $34.9 million.” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/11/21/it-boss-sells-manalapan-mansion-for-17m-after-price-cuts/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”IT boss sells waterfront Manalapan mansion for $17M” /u003enu003cmeta property=”og:description” content=”An IT CEO from Maryland sold a waterfront Manalapan mansion for $17.1 million, four years after listing it for $34.9 million.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/21/it-boss-sells-manalapan-mansion-for-17m-after-price-cuts/” 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Records show Charles M. Adams sold the home at 110 Churchill Way to Martin and Jean Shafiroff in an off-market deal.u0026nbsp; Martin Shafiroff is a wealth management adviser. He left his longtime position at New York-based Stifel Financial, where he oversaw $540 million in assets, for Wells Fargo in March, Barronu0026#8217;s reported.u0026nbsp; Jean Shafiroff is an author.u0026nbsp; Adams is CEO of Maryland-based Adams Communication u0026amp; Engineering Technology, an information technology firm that focuses on clients within the intelligence [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Ilya Hourie” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”2 minutes” /u003enu003cscript type=”application/ld+json” 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Miami market relevance

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Records show Charles M. Adams sold the home at 110 Churchill Way to Martin and Jean Shafiroff in an off-market deal. The sale marks a significant price cut from its original asking price of $34.9 million, which was reduced by over 40%.

Manalapan: Practical Checklist

• Confirm scope and audience
• Define the content goal and CTA
• Use clear headings and examples
• Add supporting internal links
• Review before publishing

Most quality issues come from unclear scope and rushed publishing. A simple checklist improves consistency and readability.

Review your introduction, headings, and conclusion to ensure the article matches search intent and provides practical next steps for the reader.

FAQ: Manalapan

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