Larry Ellison And David MacNeil Acquire 4-Acre Parcel In Manalapan Florida For $67 Million

A four-acre land parcel located at 1960 South Ocean Boulevard in Manalapan, Florida, has been sold for a total of $67 million. The property was originally purchased by Stewart Satter for $27.5 million in 2024. The asset encompasses direct access from the ocean to the Intracoastal Waterway.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $67,000,000
• Acres: 4
• Buyer: Larry Ellison - Oracle; David MacNeil - WeatherTech
• Seller: Stewart Satter
• Brokers: Nicholas Malinosky - Douglas Elliman; Margit Brandt - Premier Estate Properties

In this transaction, both Larry Ellison and David MacNeil acquired the parcel to expand their neighboring estates. Stewart Satter, the seller, had previously envisioned creating a 50,000-square-foot mansion but opted to sell the land instead for a significant financial return.