South Florida’s exclusive real estate market is witnessing unprecedented activity, with a prime vacant lot in Manalapan selling for a staggering $105 million. This record-breaking land sale occurred just as a private island estate, featuring a historic 1920s mansion, hit the market for $89 million, highlighting the intense demand for high-end properties in the region.
Key Takeaways
- A 3.5-acre lake-to-ocean parcel in Manalapan sold for $105 million.
- The vacant lot was previously owned by WeatherTech CEO David MacNeil.
- A private island with a 1920s mansion in Florida is now listed for $89 million.
Record-Breaking Land Sale in Manalapan
A coveted 3.5-acre parcel of land in Manalapan, Florida, has set a new benchmark in the luxury real estate sector, selling for $105 million in an all-cash transaction. The property, located at 1120 South Ocean Boulevard, offers direct frontage on the Atlantic Ocean and extends to the Intracoastal Waterway, a rare and highly desirable feature in the area.
The land was previously owned by David MacNeil, the CEO of WeatherTech, and his wife Melissa. They had acquired three adjacent parcels over two years, spending a total of $94 million with plans to build their dream home. However, they ultimately purchased a nearby turn-key estate for $75 million, leading them to list the vacant land.
The property, marketed as "the single best trophy lot available in South Florida," boasts 342 feet of ocean frontage and is situated at one of Manalapan’s higher elevations. The potential exists to construct a mansion of up to 60,000 square feet, subject to town approval. The sale was exclusively handled by Margit Brandt of Premier Estate Properties.
Burgess Island Mansion Lists for $89 Million
In parallel with the land sale, Burgess Island, a private 3.5-acre island off the coast of Florida, has been listed for $89 million. The island features a significant 1920s mansion, offering a unique blend of historical charm and secluded luxury.
Manalapan itself is an enclave renowned for its billionaire residents, including Larry Ellison, who owns a sprawling 22-acre estate purchased for $173 million. The area’s scarcity of lake-to-ocean lots makes properties like the one recently sold exceptionally valuable. The proximity to Palm Beach, high-end dining, and private airports further enhances its appeal to the ultra-wealthy.
These high-profile transactions underscore the robust demand and escalating values within Florida’s most exclusive real estate markets, attracting significant attention from global investors and affluent buyers.
Sources
- Vacant lot sells for $105M in a Florida enclave home to billionaires, New York Post.
- Vacant Lot in Palm Beach’s Manalapan Sells for $105M, Behind The Hedges.