WeatherTech Founder Closes Record $105M Manalapan Land Sale
David MacNeil sold a 3.6-acre oceanfront assemblage for the highest land price ever recorded in Manalapan. The transaction topped a week of major commercial and residential deals across South Florida.
WeatherTech founder David MacNeil completed the highest-priced land transaction in Manalapan history this week, selling a 3.6-acre oceanfront assemblage at 1120 South Ocean Boulevard for $105 million to an undisclosed trust.
The record-breaking deal represents a significant gain for MacNeil, who assembled the property through two separate purchases totaling $94 million in 2024 and 2025. He initially listed the prime oceanfront parcel in December with an asking price of $125 million. Margit Brandt with Premier Estate Properties handled the listing, while Lawrence Moens with Lawrence A. Moens Associates represented the buyer.
The transaction headlined a robust week of major real estate activity across South Florida's tri-county region. In the commercial sector, Coral Springs recorded the largest deal with the $37.5 million sale of Turtle Crossing shopping center at 4400 North State Road 7. Dallas-based Crow Holdings sold the retail property to RK Centers, a Sunny Isles Beach-based company, marking a substantial increase from its $32.5 million sale price in 2021.
Jupiter's luxury residential market also saw significant movement as baseball pitcher Max Scherzer and his wife Erica sold their newly constructed waterfront mansion at 217 Commodore Drive for $23 million. The buyers, Thomas and Kimberly Abrams, acquired the 9,800-square-foot home featuring six bedrooms, seven bathrooms, two half bathrooms and a five-car garage. The Scherzers had purchased the 0.7-acre lot in 2023 for $14.9 million and completed construction this year before listing the property in February at $36 million.
Coral Gables contributed to the week's activity with a $16 million mixed-use transaction at 110 Phoenetia Avenue. The 9,300-square-foot building sold through an LLC managed by Tatiana Pino, president of Century Homebuilders Group, to Phoenetia Acquisition LLC. The property had previously traded in 2021 for $9.8 million, demonstrating the continued appreciation in Coral Gables commercial real estate values.
These transactions reflect the ongoing strength of South Florida's luxury real estate market, particularly in oceanfront and prime commercial locations. The MacNeil land sale establishes a new benchmark for undeveloped oceanfront property in Manalapan, while the commercial deals show sustained investor interest in established retail centers and mixed-use properties throughout the region.
