Celebrity chef Guy Fieri has sold his coveted Lake Worth Beach, Florida, mansion after over a year on the market. The sale marks a notable transaction in Florida’s luxury real estate, with the buyer and final price now revealed.
Key Takeaways
- Guy Fieri sold his Lake Worth Beach, FL, mansion in January for $7 million
- The buyers are Las Vegas restaurateurs Frank Bonanno and Betty Pellegrino Bonanno
- The home was initially listed at $8.75 million in 2023
- Fieri still owns another luxury property on Singer Island, FL
Who Bought Guy Fieri’s Lake Worth Mansion?
The new owners of Fieri’s waterfront property are Frank Bonanno and his wife, Betty Pellegrino Bonanno. Frank Bonanno is a notable name in the restaurant industry, heading the Fifth Avenue Restaurant Group in Las Vegas, which operates more than 40 restaurants. Their purchase demonstrates the appeal of Florida’s luxury homes among hospitality industry leaders from across the country.
Home Features and Final Sale Price
Originally listed for $8.75 million in 2023, Fieri’s six-bedroom, 6,000-square-foot mansion sold for $7 million in January. The reduction followed broader trends in Palm Beach County, where nearly 30% of single-family homes dropped their prices during early 2025. Despite the price cut, the sale netted Fieri nearly double what he paid when he bought the house for $3.9 million in March 2021.
Notable amenities include:
- Outdoor kitchen
- Elevator
- Pool and spa with recent upgrades
- Boat lift and private yacht-access dock
- Annual HOA fees of $3,000
Fieri enhanced the property during his ownership with updates to the pool, spa, and air conditioning, further boosting its desirability.
Fieri’s Ongoing Ties to Florida
Despite selling his Lake Worth home, Guy Fieri is not cutting his ties with Florida. He still owns a Mediterranean-style waterfront property on Singer Island, purchased for $7.3 million in 2023. This residence is situated on a corner lot with significant waterfrontage along the Intracoastal Waterway.
Fieri remains active in the state, both professionally and personally. He has featured over 100 Florida restaurants on his popular show "Diners, Drive-ins and Dives," and operates multiple restaurant ventures including four Chicken Guy! locations across Florida. Fieri has also celebrated family milestones in the state, such as his son Hunter’s graduation from the University of Miami.
Florida’s Ongoing Appeal
Fieri’s comments at recent restaurant openings underscore his enduring fondness for the Sunshine State. With continued investments and regular filming, it’s clear his Florida connection endures, even as he lets go of one luxurious home.