Published by The Real Deal South Florida, June 10, 2021
Author and social media influencer Patrick Bet-David paid $20.4 million for a waterfront mansion in Fort Lauderdale, Florida on June 7, 2021, setting a record for the Bay Colony community. Bay Colony is a Gated Waterfront Community that’s located in Northeast Fort Lauderdale. The sale beats the previous Bay Colony record of $11.5 million for a property that sold in early 2020.
Bet-David and his wife, Jennifer, acquired the six-bedroom, 10,436-square-foot home at 141 Bay Colony Drive, property records show. The Point Lot property, with 800 feet of waterfront and Boat Dockage, was built in 2015. The Virgas paid $3.6 million for the lot in 2010. Vince and Joyce Virga sold the 1.1-acre property. Vince Virga is co-founder and co-chair of SkillStorm, a Fort Lauderdale-based tech employment firm.
Tim Elmes of the Elmes Group at Compass represented the buyer and seller. The mansion, with seven bathrooms and two half-bathrooms, a putting green, private beach and saltwater lap pool, was most recently asking nearly $25 million. The house has Calacatta Gold kitchen countertops and a temperature-controlled wine cellar.
The buyers sold their home in Plano, Texas to move to South Florida. The couple first moved to Boca Raton, where Patrick Bet-David opened an office for his media company, Valuetainment. He’s also the founder and CEO of a financial firm called PHP Agency and has written books, including “Your Next Five Moves.”