The Real Deal Miami

Buyer of $30M Indian Creek mansion revealed as former US Airways CEO

Rakesh Gangwal is also co-founder of IndiGo, an Indian budget airline

February 25, 2015 02:35PM
By Ina Cordle and Katherine Kallergis

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Rakesh Gangwal and 17 Indian Creek Island Road

Rakesh Gangwal and 17 Indian Creek Island Road

A former CEO of U.S. Airways was revealed to be the buyer of the $30 million Indian Creek Island home that sold on Monday.

Financier Charles Johnson sold the 16,393-square-foot home at 17 Indian Creek Island Road to Rakesh and Shobha Gangwal, Miami-Dade County records show.

Rakesh Gangwal, co-founder of IndiGo, an Indian budget airline, was CEO of U.S. Airways from 1991 to 1998. He also led Worldspan Technologies, a travel technology and information services company as its CEO from 2003 to 2007.

Nelson Gonzalez of Esslinger Wooten Maxwell/Christie’s represented both the seller — the retired founder of Franklin Templeton Funds — and the buyer of 17 Indian Creek Island Road.

“For now, it’s a vacation home,” Gonzalez told The Real Deal, “but he is looking to move there permanently.”

The 16,393-square-foot waterfront estate sits on an 80,000-square-foot lot and has five bedrooms, five baths and three half-baths.

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