Home Gossip Satellite King Selling Out-Of-This World Home In Bear’s Club For $12.5 Million

Satellite King Selling Out-Of-This World Home In Bear’s Club For $12.5 Million

Hard to believe this Venetian Palazzo is in Jupiter! (MLS photo)

If you’ve ever been in a war zone, or at the ends of the earth where cellphones don’t reach, and you used a sat phone to make contact with the rest of the world, then you can thank Jupiter business man Dan Colussy who saved the 66-satellite Iridium network back in 2000.

Now, the 85-year-old is selling his out-of-this-world, 17,279-square-foot Bear’s Club Venetian Palazzo at 161 Bear’s Club Drive for $12.5 million. The listing’s with Brian Coffey of Coastal Sotheby’s.

Looks like those old satellites were really worth saving! Colussy bought the land for $2 million in 2003 and finished construction on his Xanadu in 2009.

And he’s only a couple doors down from NBA legend, Michael Jordan.

But now Colussy wants to downsize.

The 5-bedroom, 8-full bath and 4-half-bath mansion he’s offering up for sale is more than unbelievable with a master suite that’s more than 2,300 square feet. That’s bigger than many houses!

By Jose Lambiet, GossipExtra.com, excerpt posted on SouthFloridaReporter.com, May 17, 2017

Click here for reuse options!
Copyright 2017 South Florida Reporter
Jose Lambiet, founder, writer, producer and occasional ad sales rep for GossipExtra. A veteran journalist. Jose has worked for the Sun-Sentinel and The Palm Beach Post. And now writes a column, coincidentally called Gossip Extra, in The Miami Herald. The information and facts are those gathered by Jose.