Entrepreneur Pays $20.4 Million for Fort Lauderdale, Florida, Mansion

A Balinese-inspired estate outfitted with a putting green and a private beach in Fort Lauderdale, Florida, sold Monday for $20.4 million.

The eight-figure sale price makes it the most expensive home to change hands in Bay Colony, an upscale gated yachting community in the city that’s comprised exclusively of waterfront homes and guarded with armed guards, according to Compass agent Tim Elmes of the Elmes Group, who handled both sides of the deal. 

Set alongside the Intracoastal Waterway on a more than 1 acre lot, the mansion regularly pairs dark wood with a neutral, light color palette throughout—from the facade to the bathrooms.

Spanning 10,436 square feet, the contemporary home has six bedrooms—including an oversized main suite—a media room, a family room, a temperature-controlled wine room, stacking glass doors and an eat-in kitchen with Calacatta gold countertops, a lavish white marble with veins in golden tones.


The home is an amazing place for entertaining, Mr. Elmes said. “The lifestyle [the buyers] are getting is just fantastic, it’s like having your own mini Four Seasons.”

Outside, the property has a saltwater lap pool, a putting green, 800 feet of water frontage, a boat slip with a lift and a private beach, according to the listing. 

The buyer of the spread was insurance company executive, author and keynote speaker Patrick Bet-David, and his wife, Jennifer, according to the brokerage. They are “very, very happy,” with their new acquisition, Mr. Elmes said.

The couple could not be reached for comment. A deed for the recent sale has yet to appear in public property records. 

The home listed for sale at the beginning of February for $24.9 million and had found a buyer by the start of May—just over 90 days later—demonstrating South Florida’s active luxury home market.

Fort Lauderdale’s luxury single-family home market—defined as the top 1% of homes—saw its market reach the fastest pace on record during the first quarter of the year, according to a report from brokerage Douglas Elliman, which found that the typical high-end house sold in 181 days.

Article Source: Mansion Global