Billionaire David MacNeil has slashed the price of his South Florida mansion once again.
After a $5 million price cut last week, his custom-built Fort Lauderdale home is asking $34.95 million. It’s a sizable discount from the property’s original listing price—it first hit the market in April 2024 for $50 million, records show.
“That pricing was aspirational,” said listing agent Chad Carroll of the Chad Carroll Group at Compass. “When I took over the listing [last week], my team analyzed the data and buyer behavior, and repositioned it to sell.”
President Donald Trump nominated MacNeil, the founder and CEO of auto accessories manufacturer WeatherTech, to the Federal Trade Commission at the start of the year. His confirmation is pending. He has a net worth of $4.2 billion, according to Forbes.
MacNeil bought the underlying property in 2013 for $5.5 million and built the modern mansion in 2021, records with PropertyShark show. He couldn’t immediately be reached for comment.
The 11,700-square-foot home stands on a half-acre corner lot with about 300 feet of water frontage in Harbor Beach, one of Fort Lauderdale’s wealthiest neighborhoods. It’s along the New River, opposite Las Olas Isles and Idlewyld, two other luxury-home enclaves.
The interiors of the three-story mansion are defined by modern details like high ceilings, a floating staircase, and a mix of marble and wood floors. There are six bedrooms, including a primary suite with a fireplace, a private balcony with water views, and a bathroom with a sitting area, two vanities and a freestanding stainless-steel bathtub, listing photos show.
A third-floor lounge space with far-reaching water views and a billiards table leads out to a terrace that has both covered and uncovered spaces.
MORE: Katharine Hepburn’s New York Townhouse of 60 Years Gets a Price Cut
Other features throughout the home include four fireplaces, six wet bars, an elevator and smart-home technology, according to the listing.
Outside, there’s a wraparound infinity-edge pool that’s surrounded by patio space and a private dock, from which there is access to the Atlantic Ocean.
Last month, MacNeil spent $68.3 million on a property that fronts both the Intracoastal Waterway and the beach in Manalapan, about 40 miles north of Fort Lauderdale. The underlying land once belonged to Billy Joel.