arts
WeatherTech, Oracle billionaires pay $67 million for slices of neighboring Manalapan land
By The Real Deal
· June 16, 2026
· 1 min read
Larry Ellison and David MacNeil are expanding their Manalapan waterfront turf after dropping a combined $67 million on portions of their neighbor’s land. Oracle’s Larry Ellison and WeatherTech’s David MacNeil bought the land from Florida real-estate developer Stewart Satter, who last year planned a
Key takeaway Oracle’s Larry Ellison and WeatherTech’s David MacNeil bought the land from Florida real-estate developer Stewart Satter, who last year planned a record-setting $285 megamansion on the 4-acre property, the Wall Street Journal reported.
Why this matters in The Miami
The recent land purchases by Larry Ellison and David MacNeil in Manalapan have significant implications for the surrounding Miami-Dade County communities. As billionaires continue to invest in waterfront properties, it raises questions about the potential for further development and the impact on local ecosystems. The fact that a record-setting megamansion was initially planned for the 4-acre property suggests that the area may be poised for increased luxury development, which could lead to rising property values and potential displacement of long-time residents. Additionally, the division of the land between MacNeil and Ellison, who already own significant parcels in the area, may contribute to a trend of consolidation of waterfront properties among wealthy individuals, potentially limiting access to these areas for the general public. This trend is worth monitoring, particularly in the context of Miami's ongoing struggles with sea-level rise and flooding, which may disproportionately affect low-lying coastal communities.
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 16, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Larry Ellison and David MacNeil are expanding their Manalapan waterfront turf after dropping a combined $67 million on portions of their neighbor’s land. Oracle’s Larry Ellison and WeatherTech’s David MacNeil bought the land from Florida real-estate developer Stewart Satter, who last year planned a
When was this published? This article was first published on June 16, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by 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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