Vacant Florida Lot Sells For $105 Million

A vacant lot in Manalapan, Florida with 342 feet on the coast has sold for a cool $105 million in an all-cash transaction. The land, which belonged to car mat tycoon David MacNeil, CEO of WeatherTech, and his spouse Melissa, was originally listed at $125 million, but they decided to sell after they discovered something more appealing: a $75 million turn-key estate in Manalapan.

Manalapan is located between Del Ray and Palm Beach, Florida, where, subject to town approval, the new owner may construct a mansion up to 60,000 square feet. The $105 million sale is the second-largest land sale in Manalapan history; billionaire Larry Ellison spent $173 million for 22 acres there in 2022.

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