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bing news | WeatherTech, Oracle billionaires pay $67M for slices of neighboring Manalapan land
AI generated summary, Read the full article for complete information.
Larry Ellison and WeatherTech founder David MacNeil are enlarging their Manalapan waterfront estates after jointly spending about $67 million to acquire portions of neighbor Stewart Satter’s former 4‑acre parcel. MacNeil bought his half for $32 million, while Ellison is set to purchase the other half for $35 million; the deal closes in a few weeks. Both billionaires are already major landholders in the area—Ellison paid $173 million for his 15‑acre compound in 2022 and bought the Eau Palm Beach Resort & Spa in 2024, while MacNeil paid $68.3 million for a 1.9‑acre property in February and plans to add another contiguous lot for $36 million, bringing his total to roughly 5.5 acres. Their recent activity reflects a broader trend of high‑value real‑estate transactions in South Florida, with MacNeil transacting more than $233 million in the region this year alone.
Read more: https://therealdeal.com/miami/2026/06/16/larry-ellison-david-macneil-split-67-million-florida-site/
#WeatherTech #Oracle #LarryEllison #DavidMacNeil #StewartSatter #NicholasMalinosky #MargitBrandt #RalphGesualdo #MaryGesualdo #PabloUmansky
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