Billy Joel cuts asking price of Florida home by $10 million

Billy Joel, whose numerous real estate holdings include estates on Long Island and in Florida, has reduced the asking price of one Palm Beach County property by $10 million.

An updated listing by broker Christian J. Angle of Christian Angle Real Estate asks $54.9 million for the 18,886-square-foot, modern Mediterranean mansion in the town of Manalapan’s portion of Hypoluxo Island.

Joel, 74, bought the nine-bedroom, 11-bath home — with roughly 150 feet of ocean and intracoastal frontage, a two-bedroom guesthouse and a two-bedroom staff house — for $22.1 million in 2015, according to property records. Completed in 2010, it was one of three area properties purchased around the same time by his South Florida Living LLC.

The Hicksville-raised Rock & Roll Hall of Famer — who lives primarily on Centre Island in Oyster Bay and has a home in Sag Harbor — initially put the Manalapan property up for sale in 2018, asking $31.9 million, per contemporaneous reports. A little over a year ago, he offered it for $64.9 million.

The home’s many amenities include a theater room, adjacent pub room with full bar, paneled library with fireplace, temperature-controlled wine cellar, elevator, deep-water concrete dock, pool and an air-conditioned garage with capacity for “12+” cars, according to the listing. Additionally, it boasts an “oceanfront columned loggia with summer kitchen, al fresco dining, TV, and fireplace.”

Joel’s representative did not respond to a Newsday request for comment.

In May of last year, Joel listed his 26-acre Centre Island waterfront estate for $49 million. He took the house off the market in November.

JOEL TALKS NEW SINGLE At Sunday’s Grammy Awards ceremony in Los Angeles, Joel discussed the impetus for creating “Turn the Lights Back On,” his first single in nearly 17 years, released Feb 1.

“The music was the right kind of music, the lyric was the right lyric. I’ve lived those lyrics, I know what I’m talking about. It just felt right,” he told the TV entertainment-news program “Extra” on the red carpet, adding that “it just seemed like, ‘OK, now’s the time. Who am I to fight?’ ”

While performing in concert continuously, Joel has not released a studio album of new songs since 1993’s “River of Dreams.” “It stopped being fun after a while,” he explained. “Songwriting became difficult, recording became not fun, and I’ve been working steadily performing and I’m writing new music, they’re just not songs.”

His last single as both songwriter and performer was the well-received “All My Life,” released Feb. 27, 2007. He then composed but did not perform on another single, “Christmas in Fallujah,” released that Dec. 4 as a benefit for the military veterans organization Homes for Our Troops. He also composed new solo piano pieces for the all-instrumental “Fantasies & Delusions” (2001), performed by Richard Joo.