Advertisement
  1. News
  2. /
  3. Business

Co-founder of Tampa firm ConnectWise buys two Clearwater Beach gulf-front parcels for $20.25 million.

Combined, they would be Tampa Bay’s priciest residential transaction ever.
The two gulf-front house in the center of the photo were bought this summer by Arnold Bellini, co-founder of a Tampa software firm, and his wife for a total of more than $20 million. [Cary John]
Published Sep. 6
Updated Sep. 6

CLEARWATER — Arnold Bellini and his wife, Lauren, really love the beach at Clearwater.

In back-to-back purchases this summer, they paid a total of $20.25 million for two adjacent parcels with houses that front the Gulf of Mexico. Separately, the transactions would rank as the third and fifth priciest residential sales ever in the Tampa Bay area; together, they would be the priciest.

Bellini co-founded the Tampa-based software firm ConnectWise, which was sold to a California private equity firm in February in a deal worth hundreds of millions of dollars.

In August, the Bellinis bought a 5,021-square-foot house on Mandalay Point plus four acres of submerged land for $11 million. That price was exceeded only by the $16.5 million that real estate investor Ben Mallah paid earlier this year for a Belleair Shore estate and the $11.18 sale of a mansion overlooking Clearwater Harbor.

The box shows four acres of submerged land included in the $11 million purchase price of a property on Clearwater's Mandalay Point. [Pinellas County Property Appraiser]

In July, the Bellinis bought a 9,000-square-foot house on Mandalay Point for $9.25 million. He could not be reached for comment, but Realtor Martha Thorn, the selling agent on both transactions, said Bellini and his wife "absolutely adore that area.''

"It’s unique to have a boat in the front yard and the Gulf of Mexico in the back,'' she said of the two parcels, which overlook both the gulf and the Intracoastal Waterway. "Nobody ever thought these properties were going to sell but people ended up selling.''

Thorn credited one of her colleagues, agent Leslie Gerlach, for approaching various property owners when the Bellinis said they were interested in buying in that sought-after area north of Clearwater’s popular but crowded beaches.

This house was purchased for $11 million in August by the co-founder of Tampa-based ConnectWise. [CARY JOHN PHOTOGRAPHY INC | Cary John]

The couple plan to remodel at least one of the houses, Thorn said.

Bellini, in his early 60s, is an expert swimmer. Among his long-distance feats: He swam the English Channel, the 29 miles around Manhattan and the 21 miles from Los Angeles to Catalina Island.

Sons of an IBM employee, Bellini and brother David started ConnectWise in 1982. The company enjoyed explosive growth in acquiring or developing business management applications that its customers access via cloud computing. Although last winter’s sale of the company led to the layoff of 110 employees, the deal included a total of $270 million in payouts to about 1,000 employees — 70 of whom each received $1 million or more.

ALSO IN THIS SECTION

  1. Pages from a confidential whistleblower's report obtained by The Associated Press, along with two printed Facebook pages that were active on Tuesday, Sept. 17, 2019, are photographed in Washington. Facebook likes to say that its automated systems remove the vast majority of prohibited content glorifying the Islamic State group and al-Qaida before it’s reported. But a whistleblower’s complaint shows that Facebook itself has inadvertently produced dozens of pages in their names. (AP Photo/Jon Elswick) JON ELSWICK  |  AP
    A whistleblower’s complaint shows that the company has inadvertently provided the two extremist groups with a networking and recruitment tool.
  2. Pasco County community news TMCCARTY80  |  Tara McCarty
    Neighbors voice concerns about increased traffic, water quality and adhering to the county’s protections for northeast Pasco.
  3. This satellite image shows Hurricane Michael on Oct. 9, 2018, as it enters the Gulf of Mexico. It made landfall near Mexico Beach in the Panhandle as a Category 5 storm. [Photo courtesy of NOAA] NOAA
    Nearly a year after the storm, 18,000 claims are still open.
  4. Watermans Crossing apartments at 4515 N. Rome Avenue in Tampa. Westside Capital Group
    Jakub Hejl discovered the Tampa Bay area while studying at IMG Academy.
  5. The Tampa Bay Lightning has tapped Cigar City Brewing to bring its Jai Alai, Guayabera, and Florida Cracker beers to Amalie Arena as the team’s official craft beer partner. (Photo via Tampa Bay Lightning) Tampa Bay Lightning
    Cigar City also will move its popular annual Hunahpu’s Beer Festival to Amalie Arena starting next March.
  6. An administrative judge said a Pasco County ordinance allowing solar farms in agricultural districts did not violate the county's comprehensive land-use plan. Times
    An ordinance did not violate the county’s land-use plan that is supposed to protect rural Northeast Pasco, a judge said.
  7. Energy-efficient LED light bulbs. (Times | 2008) St. Petersburg Times
    Trump’s administration recently scrapped a rule that would have phased out incandescent light bulbs.
  8. For sale sign on a  Tampa Bay home. [SUSAN TAYLOR MARTIN | Times]
    It pays to shop around for the lowest rate, new study shows.
  9. President Donald Trump speaks at the 2019 House Republican Conference Member Retreat Dinner in Baltimore on Sept. 12. JOSE LUIS MAGANA  |  AP
    The country is moving in that direction, though.
  10. This Jan. 31, 2017 photo shows the entrance to SeaWorld in Orlando, Fla. JOHN RAOUX  |  AP
    Gustavo “Gus” Antorcha cited a “difference of approach.”
Advertisement
Advertisement
Advertisement