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Jack Owoc & Meg Liz Owoc Acquire $40M Oceanfront Mansion In Fort Lauderdale From David MacNeil
SOLD
$40,000,000
+ 2
Florida
See Similar DealsSingle Family12,667 SF
Sold 10/13/2023
SOLD
Jack Owoc & Meg Liz Owoc Acquire $40M Oceanfront Mansion In Fort Lauderdale From David MacNeil
Single Family12,667 SF
Sold 10/13/2023
+ 2
Summary
Asset Type:Single Family
Price Per Square Foot:$3,157
Total Square Footage:12,667 SF
Transaction Type:Sale
A $40 million oceanfront mansion in Fort Lauderdale has been sold to Jack Owoc and Meg Liz Owoc by David MacNeil, the founder of WeatherTech. The single-family property sits on a 0.36-acre lot and spans 12,667 square feet. It boasts seven bedrooms, seven bathrooms, and offers stunning oceanfront views. The deal was brokered by Compass and Miles Goldstein Real Estate.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $40,000,000
- Market: Fort Lauderdale
- Property Size: 0.36 acres
Jack Owoc, the former CEO of Bang Energy, and his wife, Meg Liz Owoc, have acquired the oceanfront mansion. The purchase marks a significant investment in the Fort Lauderdale real estate market. Austin Baris and Alexander Goldstein of Miles Goldstein Real Estate represented the buyer, while Tim Elmes, the seller's representative from Compass, facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$142,111.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,620.41
Annual Debt Service$2,275,444.88
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