The Real Deal Miami

Palm Beach broker to billionaires sells his waterfront estate for $27M

Lawrence Moens sold the property to the owners of Pan-Pacific Mechanical
By Katherine Kallergis | September 26, 2018 01:30PM

Ron and Cindy McMackin and 1480 North Lake Way

Luxury Palm Beach real estate broker Lawrence Moens just sold his lakefront estate for $26.65 million, property records show.

Moens, who owns his brokerage Lawrence A. Moens Associates Inc., sold the five-bedroom, 10,539-square-foot mansion at 1480 North Lake Way to Ron and Cindy McMackin of Pan-Pacific Mechanical, an engineering subcontracting firm with offices in California and Hawaii. Ron is chairman and CEO and Cindy is president, according to the company’s website.

The home was completed in 2014 and features a pool, outdoor fireplace and dock, according to property records. It was built on a nearly 1.5-acre site with 252 feet of water frontage, the Palm Beach Daily News reported.

The property was initially designed for Lisa and Gregory Wilson, who purchased the land in 2009. Moens took ownership of the house while it was under construction in December 2012, according to the newspaper. He also purchased an adjacent lot to fit a guesthouse.

Property records show Moens paid $7 million for the property in 2012.

Moens, a top broker in Palm Beach, has represented clients who include Russian billionaire Dmitry Rybolovlev and billionaire hedge funder Ken Griffin. Rybolovlev purchased the beachfront estate at 515 North County Road from President Trump for $95 million in 2008 and subdivided the lot, recently selling two properties for a combined $71 million.

Griffin, founder of the Chicago hedge fund Citadel, has spent more than $230 million assembling land for his Palm Beach estate at 1265 South Ocean Boulevard. Moens has represented both sides of nearly all of those deals, according to the Palm Beach Daily News.