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Fred and Marilyn live in their 47-room [[Gulf Breeze]] home, "[[The Phoenix]]," which they began in [[1988]] as an investment property. They moved from their home on [[Bayou Texar]] in [[1991]] when no buyer emerged. "It was an investment that just got out of hand," said Levin. "Not many people are looking for a 26,000-plus square-foot home."<ref>"Levin home is a work of art." ''Pensacola News Journal'', February 27, 2000.</ref> Levin also owns an extravagant condominium at the [[Portofino Island Resort]], which his brother [[Allen Levin|Allen]] developed.
Levin has frequently said that he regrets dedicating so much time to his career, at the expense of his family life. "My wife [[[Marilyn Levin]]] raised a family without a husband and it was very difficult for her," he said. "She suffered a great deal and as a result has a lot of physical problems today."<ref name="q&a"/> He has since devoted himself to spending more time with his grandchildren than he did with his own children.
{{cquote|I'm not a great father. I would not be considered father of the year. I've enjoyed this and I've enjoyed that. I've received a helluva lot more awards and a lot more credit than I deserve. I've taken advantage. But family activities suffer. I'm fortunate to have turned out a family as good as I have. It's not my doing. … Of eight college graduations and four high school graduations, I made one high school one and one college. When my daughter Marci graduated law school, I was at the Kentucky Derby that same day. It's too late for me to make up for being a lousy father.<ref name="whostheman">[http://www.inweekly.net/article.asp?artID=4764 "Who's the Man?"] ''Independent News Journal'', June 14, 2007.</ref>}}
