$11.25M Ital­ian-style palace is a marvel

Home in Jupiter a ‘pri­vate com­pound built around the out­door lifestyle’

South Florida Sun-Sentinel (Sunday) - - Money - By Robyn A. Fried­man

Ever wanted to live like an Ital­ian king (and can af­ford $11.25 mil­lion)? You could make your dreams come true in a mas­sive, one-of-a-kind man­sion known as “The Venetian Palazzo.”

The 17,294-square-foot home in Jupiter in­cludes eight full baths, four half baths, a pri­vate mas­sage room, gym, li­brary, two of­fices, bar, 245-bot­tle wine room, mu­sic room, two el­e­va­tors and a gallery. The foyer has a hand-cut mar­ble floor that was built in Italy and trans­ported to Florida.

The house also has in­tri­cate mill­work, hand-painted ceil­ings and floor and coun­ter­top fin­ishes from more than 20 dif­fer­ent types of hand-cut mar­ble from 12 dif­fer­ent coun­tries.

“No two ceil­ings are alike. Ev­ery­thing was hand-painted. Ev­ery room has a theme, and it’s like a mini-cas­tle,” said Chad Car­roll, ex­ec­u­tive di­rec­tor of lux­ury sales for Dou­glas El­li­man Real Es­tate in North Mi­ami, who holds the list­ing.

Out­side, there are for­mal gar­dens, a med­i­ta­tion gar­den, fruit trees, a bronze foun­tain, a 60,000-gal­lon edge­less swim­ming pool and mar­ble stat­ues.

The home is in The Bear’s Club, a pri­vate golf club founded in 1999 by golf leg­end Jack Nick­laus and his wife, Bar­bara. The house is owned by Dan Co­lussy, a for­mer pres­i­dent of Pan Am.

“This is a re­ally pri­vate com­pound built around the out­door lifestyle,” said Chad Car­roll, ex­ec­u­tive di­rec­tor of lux­ury sales for Dou­glas El­li­man Real Es­tate in North Mi­ami, who holds the list­ing. “It’s a mas­sive home that was cus­tom-de­signed to the

seller’s tastes.”

Car­roll said that bas­ket­ball great Michael Jor­dan also owns a home at The Bear’s Club.

Dan Co­lussy bought the land in Oc­to­ber 2003 for $2.075 mil­lion and built the two-story cus­tom home, which was com­pleted in 2008. Ac­cord­ing to his web­site,

Co­lussy is chair­man of Gemini Cap­i­tal LLC. Pre­vi­ously he was on the board of other com­pa­nies, in­clud­ing Pan Amer­i­can World Air­ways, where he served as pres­i­dent and chief op­er­at­ing of­fi­cer from 1970 to 1980.

Co­lussy, who in­vested over $18 mil­lion in the house, is sell­ing it be­cause he wants to down­size, Car­roll said. He plans to buy an ocean­front home in the area.

DOU­GLAS EL­LI­MAN REAL ES­TATE PHO­TOS/COUR­TESY

The 17,294-square-foot es­tate, known as “The Venetian Palazzo,” fea­tures eight full baths, four half baths, a pri­vate mas­sage room, gym, li­brary, two of­fices, bar, 245-bot­tle wine room, mu­sic room, two el­e­va­tors and a gallery.

“The Venetian Palazzo” has hand-painted ceil­ings and floor and coun­ter­top mar­ble fin­ishes from 12 dif­fer­ent coun­tries.

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