Manalapan Real Estate United States President Benjamin Harrison granted George H. K. Carter a homestead in 1889 on the yet unnamed land. In 1931, the sparsely populated settlement was incorporated by Harold Stirling Vanderbilt as the Town of Manalapan, which is thought to be named after Manalapan Township, New Jersey. The U.S. presidential yacht Sequoia was auctioned at the La Coquille Club in Manalapan on 25 March 1977, for US$270,000, as a symbolic cutback in Federal Government spending (annual cost to the U.S. Navy was $800,000) and to reduce signs of an "imperial presidency. Manalapan real estate has a reputation as a high end community. Being one of the northern most areas , Manalapan is just south of West Palm Beach. Located along the eastern coast, this small town is another one of south Florida's premier getaway destinations as it has the conveniences of being near metropolitan areas while maintaining the environment of a low-key and peaceful community. Within Manalapan resides Hypoluxo Beach and Point Manalapan.