South Florida’s top deals: Oceanfront mansion sells after $16M+ price cut
🏆 Residential: Manalapan had the top residential deal recorded in South Florida. A trust tied to David MacNeil, founder of WeatherTech, dropped $68.3 million on an oceanfront mansion at 1940 South Ocean Boulevard. The sellers were Frank and Dolores Mennella; Frank Mennella is a retired automotive warranty executive. The property sits on a nearly 2-acre lot and spans 16,600 square feet. It has six bedrooms, a five-car garage, a beachfront cabana, a dock, balconies, elevator and media room among its amenities. Built in 2022, the home went on the market in May for $84.9 million. Philip Lyle Smith with Luxury […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts

Hollywood clears path for beachfront towers amid resident pushback

Foreclosure looms for Brookfield’s Pembroke Lakes Mall after alleged $260M loan default

David Martin, partners score $507M loan for South Beach condo tower

Real estate donations overwhelmingly back Byron Donalds over David Jolly in race for Florida governor

Steve Ross, Jeffrey Soffer’s Miami airport hotel project grounded by FAA

Average long-term mortgage rate rises 7th week in a row

Florida Realtors disaster fund ready to help

New appraisal reporting format calls for early preparation

After $21M assessment uproar, Brickell association says contractor overbilled, left work undone

Denmark accuses Palm Beach resident of shielding assets in waterfront home

