arts
Billionaire video game developer pays $71M for McMackins’ waterfront Manalapan estate
By Katherine Kallergis at The Real Deal
· June 18, 2026
· 1 min read
Billionaire video game developer Gabe Newell paid $70.9 million for Cindy and Ron McMackin’s lake-to-ocean estate in Manalapan, just south of Palm Beach. The McMackins, who own the engineering subcontracting firm Pan-Pacific Mechanical, sold their 22,900-square-foot, 2-acre mansion at 1660 South Oce
Key takeaway 9 million for Cindy and Ron McMackin’s lake-to-ocean estate in Manalapan, just south of Palm Beach.
Why this matters in The Miami
The sale of the McMackins' waterfront estate in Manalapan to billionaire video game developer Gabe Newell for $70.9 million brings attention to the luxury real estate market in South Florida. This transaction, financed in part by a $46 million mortgage, demonstrates the ongoing appeal of the region's high-end properties to wealthy individuals. As the majority owner of Valve Corporation, Newell's investment in the area may spark interest in the local tech and gaming industry, potentially drawing more entrepreneurs and investors to the region. Miami 's own neighborhoods, such as Brickell and Miami Beach, have seen significant growth in luxury developments and may be affected by the trends in neighboring areas like Manalapan. The influx of new residents and investments could have a ripple effect on the local economy, influencing the growth of industries beyond real estate.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 18, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Billionaire video game developer Gabe Newell paid $70.9 million for Cindy and Ron McMackin’s lake-to-ocean estate in Manalapan, just south of Palm Beach. The McMackins, who own the engineering subcontracting firm Pan-Pacific Mechanical, sold their 22,900-square-foot, 2-acre mansion at 1660 South Oce
When was this published? This article was first published on June 18, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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