Two billionaire neighbors in Manalapan just erased the gap between their oceanfront compounds, quietly snapping up a beachfront parcel that sits directly between their estates. The land is part of the long-listed 1960 South Ocean Boulevard property and effectively stitches even more ocean-to-Intracoastal frontage into an already tightly controlled stretch of sand. The deal, reported on June 16, 2026, lands as yet another headline sale in a year packed with mega-deals for the town.
According to the South Florida Business Journal, trusts tied to Oracle co-founder Larry Ellison and WeatherTech founder David MacNeil paid a combined $67 million for the lot at 1960 S. Ocean Boulevard. County records identify the parcel by control number 42-43-45-10-01-000-0031 and show recent listing history and ownership under 1960 S Ocean Blvd LLC, per the Palm Beach County Property Appraiser.
Deal details
Public listing snapshots show the larger 3.93-acre site was recently split into two offerings: a northern 1.81-acre homesite that was marked under contract at $35 million and a southern 2.15-acre tract listed for $40 million. Those entries appeared on BeachesMLS and were picked up by listing aggregators. The northern segment was flagged as under contract on June 13, while the southern listing went live on June 11. Taken together, those asking prices line up with the reported $67 million total, though the final recorded transfer figures can differ from list prices.
Listing snapshots for the southern 2.15-acre piece surfaced in a June 11 entry. LandSearch shows the southern 200 feet of the property priced at $40 million, while a separate LandSearch snapshot for the northern 150 feet carries a $35 million asking price and an under-contract notation. Those posts are shown as having gone up in mid-June.
Neighbors and context
Both buyers were already firmly planted along South Ocean Boulevard before this latest maneuver. The Real Deal reported that MacNeil sold a 3.6-acre assemblage at 1120 S. Ocean for $105 million in April and that he earlier closed on 1940 S. Ocean this year for about $68.3 million. Larry Ellison helped put ultra-high-end Manalapan on wider radar back in 2022 when he paid $173 million for the Gemini estate, a purchase detailed by the Los Angeles Times.
What it means for Manalapan
The transaction tightens the grip of a small circle of ultra-wealthy owners in one of Florida’s most exclusive enclaves, where privacy structures, trusts and LLCs are standard, and a handful of families control long ribbons of shoreline. Observers note that the extremely limited supply of true ocean-to-Intracoastal lots, combined with buyers who are comfortable closing through trusts and paying in cash, keeps Manalapan operating in its own pricing universe. Local permitting records and county filings will ultimately show whether the newly acquired parcels are merged into neighboring compounds or cleared for new construction, and we will be watching official records for the final recorded transfers and any subsequent permit activity.
