Jack Owoc & Meg Liz Owoc Acquire $40M Oceanfront Mansion In Fort Lauderdale From David MacNeil
$40,000,000
$3,157/SF
Building Size
12,667 SF
Asset Type
Single Family
Closing
Oct 13, 2023
AI
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.
Players
Market 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93