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1120 South Ocean Boulevard

David MacNeil Acquires $38.5M Oceanfront Estate In Manalapan With Compass Rep
SOLDSingle Family

David MacNeil Acquires $38.5M Oceanfront Estate In Manalapan With Compass Rep

1120 South Ocean Boulevard

$38,500,000

$3,722/SF

Building Size

10,344 SF

Asset Type

Single Family

Closing

May 2, 2024

AI

The oceanfront estate at 1120 South Ocean Boulevard in Manalapan was recently sold for $38.5 million to David MacNeil, the founder of WeatherTech. The 2-acre property features an 8-bedroom mansion, two pools, a mini-golf course, and 193 feet of ocean and Intracoastal Waterway frontage. Designed by architect John Volk, this luxurious estate showcases stunning amenities and prime waterfront views.

Summary of transation details:

Tim Elmes of Compass represented the buyer, David MacNeil, in the acquisition of this exquisite oceanfront property. The sale marks another significant investment by MacNeil in South Florida's luxury real estate market, following his prior $40 million sale in Fort Lauderdale. The deal was successfully orchestrated by Gary Pohrer and Nick Malinosky from Douglas Elliman, highlighting MacNeil's active involvement in acquiring premium real estate assets.

Players

Gary Pohrer

Serhant

Broker

$1.1B

vol

43 deals

Broker

Lantana Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93