Larry Ellison and David MacNeil Split a $67M Waterfront Site in Manalapan

Less than a year ago, a four-acre ocean-to-Intracoastal property in Manalapan was being marketed as the future site of one of the most expensive homes ever built in the United States. Today, that vision is off the table.

The waterfront parcel at 1960 South Ocean Boulevard, where developer Stewart Satter had proposed a roughly 50,000-square-foot spec mansion asking $285 million, has instead been divided into two parcels and sold to neighboring billionaires Larry Ellison…