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Flex Seal Founder Buys Gulfstream Manion For Record Breaking Price

Phil Swift, co-founder of the Flex Seal line of products, and wife Ana Swift paid $20 million for an oceanfront mansion in Gulfstream.

The sale price set a record for a home in the seaside town.

The 8,643-square-foot home at 1275 N. Ocean Blvd. was sold by 1275 North Ocean LLC, managed by Jeffrey E. Veatch in Alexandra, Virginia. Veactch is the co-founder of IT staffing firm Apex Systems. The price equated to $2,314 per square foot.

Devin Kay and Nick Malinosky of Douglas Elliman represented the seller. They listed the property for $21.95 million on July 3 and it went under contract 20 days later. Helen Barraza-Fried of United Realty. represented the buyer.

 

Read more at South Florida Business Journal