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Hot Market Creates Florida Migration Amidst Post-Covid

According to luxury real estate developer National Realty Investment Advisors (NRIA), Florida’s real estate market continues to expand.

Nicholas Malinosky with Douglas Elliman is the exclusive listing agent for NRIA’s Gulf Stream Views; a private enclave of 14 luxury townhouses in Boynton Beach with ocean views. Malinosky expressed that Florida is an outside state where you can enjoy the fresh air year-round.

NRIA COO says that low taxes, friendly people and great weather makes South Florida a hard place not to want to live.

Read the full story on Digital Journal

AshBritt Founder Flips Oceanfront Delray Beach Mansion for $22M

Randal Perkins, the founder of AshBritt Environmental, a national disaster response and environmental services contractor, flipped a Delray Beach oceanfront mansion for $21.9 million.

Perkins, through 1111 South Ocean LLC, sold the estate at 1111 South Ocean Boulevard to Boca Raton attorney Stuart R. Morris, as trustee of The 1111 Ocean Land Trust, records show.

Perkins bought the 13,712-square-foot mansion in May for $21.1 million. He also owns the property next door at 1141 South Ocean Boulevard, according to records.

Read the whole story on The Real Deal 

Oceanfront Highland Beach Mansion Flips for $18M

A Highland Beach oceanfront mansion sold for $17.9 million, three months after the seller paid $17 million for it.

Devin Kay and Nick Malinosky of Douglas Elliman represented the seller, and Todd Peter of Sotheby’s International Realty represented the buyer.

The 8,000-square-foot mansion has seven bedrooms and seven-and-a-half bathrooms, according to the listing. It also has a five-car garage, a saltwater infinity pool and direct beach access. It was built in 2018.


Read the full story at TheRealDeal and The South Florida Business Journal

Hedge Funder Sells Oceanfront Home in Highland Beach for $17M

A hedge funder sold an oceanfront home in Highland Beach for $17 million.

Brandon Minassian Pellegrino and Jolee Gitch Pellegrino sold the house at 4101 South Ocean Boulevard to Joshua Memling Golder, according to records. Golder also owns two units at Murano Grande at Portofino that he bought for $7.6 million in October, property records show.

The home first hit the market in 2018 with an asking price of $19.5 million. After many price changes, the most recent asking price was $17.5 million in October. Devin Kay and Nick Malinosky of Douglas Elliman brokered the deal.

See Full Story at The Real Deal

Randy & Nick’s $14M Delray Beach Mansion Sale to Kevin James Brings Flurry of International Press

The man who gave us “Paul Blart Mall Cop” and “The King Of Queens” just spent $14 million on an enormous six-bedroom oceanfront estate in Delray Beach, Florida.

Apparently, Kevin James has been eyeing this property for a while and was able to get it for less than the $15,950,000 it was originally listed at. The property was recently renovated both inside and out. A team of architects and interior designers redesigned and upgraded the oceanfront mansion according to property records.

James’ purchase of a Delray Beach mansion for $14 million, with the help of Nick Malinosky of Douglas Elliman, set off a press flurry across the globe.

Here are links to the highlights from some of the most acclaimed news sources in the world:

New York Post

Chicago Tribune

The Courier

Sun Sentinel


Architectural Digest

San Antonio Express News



MSN Singapore

WDBO 107.3FM

The Daily Mail UK

This is Money UK




New York Times Post

LA Times

OK! Magazine

Orlando Sentinel

Yahoo! Finance

Beaumont Enterprise

Laredo Morning Times

The Telegraph

South Florida Business Journals

The Real Deal South Florida

MSN Malaysia

Mail on Sunday UK

MSN Australia


Kevin James Buys Oceanfront Mansion in Delray Beach for $14M

Pretty nice for a “Mall Cop.” The actor Kevin James has purchased an oceanfront property in Delray Beach, FL, for $14 million.

The “King of Queens” star may also be the king of the real estate deal. The mansion landed on the market in May 2020 with a price just shy of $16 million, but James closed a deal for almost $2 million under the initial asking price.

Nicholas Malinosky of Douglas Elliman, who represented the seller, and Jake Elkins of William Raveis, who repped the buyer, both declined to comment on the deal.

See full story on 

Along the Coast: Agents Say Residential Market Shows Recovery In Sales, Rentals

June is normally when real estate professionals — who help connect sellers and buyers of luxury homes along South Florida’s coast — can relax a little and catch their breath. This was not a normal June, however, and instead of kicking back, many real estate professionals went into July working overtime as the residential home market kicked back up.

“This has been the busiest June we’ve had in my 17-year real estate career,” said Nick Malinosky, executive director of luxury sales for Douglas Elliman Real Estate. “I’m three times busier than I would normally be this time of year.”

Read more at The Coastal Star

Phil Swift of Infomercial Fame Buys Florida Home for $20 Million

Phil Swift, a boisterous entrepreneur who made his name appearing in infomercials for his company’s waterproof adhesive bonding tools, has purchased a home in Gulf Stream, Fla., for $20 million.

The property, one of the most expensive ever sold in the area, had been on the market for $21.95 million, according to listing agents Devin Kay and Nick Malinosky of Douglas Elliman.

Read more in The Wall Street Journal

Randy and Nick Draw Large Scale Press Coverage with $20 Million Sale to Phil Swift

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. Swift 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 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.

The sale was major news throughout the industry, and widescale press coverage ensued. Below are links to some of the more notable coverage:



The Wall Street Journal


The Real Deal

Mansion Global



Lux Expose


Douglas Elliman Honors Top Agents in Florida at The Ellies – The Firm’s Annual Awards Celebration

The prestigious Pinnacle Club Award winners, presented to Florida agents and teams who made over $1 million in 2019, incuded Carmenate/Duchon, The Senada Adzem Team, Oren Alexander, Bill and Bryan Team, The Carroll Group, The Cotilla Luxury Team, The Randy & Nick Team and Lisa Wilkinson.

Read the full story at Miami Beach Community Newspapers