Published by The Real Deal, August 28, 2020
UPDATED, Aug. 28, 4:40 p.m.: The founder of the Flex Seal Family of Products, made famous by his Infomercials, sealed the deal for an Oceanfront mansion in Gulfstream, Florida near Delray Beach.
Phil Swift paid $20 million for the 1-Acre Property at 1275 North Ocean Boulevard, marking a record for residential sales in Gulfstream, according to a press release. Devin Kay and Nick Malinosky of Douglas Elliman were the listing agents. Helen Barraza-Fried of United Realty represented the buyer.
Swift, CEO and spokesperson of his Weston-based Company, will have plenty of spots in his new mansion to use his products, if he ever needs to. The six-bedroom, 8,643-square-foot home has seven bathrooms, two half-bathrooms, a guest house, gym, club room, pool, and 135 feet of ocean frontage, according to the listing. It also includes a three-car garage, smart home features, a generator, elevator, and outdoor entertainment system.
It last sold in 2016 for $15.9 million, records show. It was built in 2015.
Palm Beach County is currently experiencing a record high level of sales of luxury properties.