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Infomercial Magnate Phil Swift Buys $20 Million Mansion

Infomercial magnate and Flex Paste creator Phil Swift has completed one of his biggest deals yet: the purchase of a $20 million oceanfront mansion in Gulf Stream, Florida. First reported by The Wall Street JournalSwift lived up to his name by making an offer only a few days after the listing hit the market.

Originally priced at $21.95 million, Douglas Elliman agents Devin Kay and Nick Malinosky told WSJ they were surprised the listing sold so quickly since Florida’s sales pace picks up in the winter when homebuyers are looking to escape to warmer climates. But COVID-19 has changed that.

Read the full article at Inman