Initially listed in 2004, Palm Beach home finally sells

Sullivan & Cromwell attorney in New York pays $2.82 million for the 4,615-square-foot home

TRD MIAMI /
Oct.October 31, 2015 02:05 PM

The owners finally sold a home in the Estate Section of Palm Beach after trying for 11 years.

They had regularly put the home on the market and taken it off since 2004, according to the Palm Beach Board of Realtors Multiple Listing Service.

Heinz and Cornelia Gundlach had listed their three-bedroom home at 150 Algoma Road with several real estate agencies over the years.

They sold the 4,615 square foot home in Palm Beach, fully furnished, for $2.82 million to William F. Indoe, a senior attorney in the New York City office of law firm Sullivan & Cromwell.

The Gundlachs bought it for $505,000 in 1987. The home is a French-style villa located three streets north of the Mar-A-Lago Club in Palm Beach.

Indoe is expected to operate the residence as a rental. He and his wife have an apartment in Manhattan.

Indoe and his wife, Jane, own a Palm Beach home at 137 Australian Avenue, and he owns two condos on the same street. [Palm Beach Daily News] — Mike Seemuth


Related Articles

arrow_forward_ios
From left: Michael and Suzanne Ainslie with 202 Plantation Road and Ron Terwilliger (Credit: Getty Images and Redfin)

Ex-Lehman Brothers director sells Palm Beach home to retired Trammell Crow CEO

Daily Digest Miami

Pompano suspends self-storage development, energy drink founder lists two homes for $70M: Daily Digest

Daily Digest Miami

Antonio Brown gives deposition for allegedly damaging Sunny Isles condo, Baptist plans senior living in Coral Gables: Daily digest

Robert Matthews and Palm House Hotel

Embattled Palm House developer Robert Matthews agrees to federal securities charges

Ken Griffin over the island of Palm Beach

Inside billionaire Ken Griffin’s massive Palm Beach holdings

Collage of Ken Griffin’s properties and Ken Griffin

Ken Griffin’s many many mansions: Billionaire’s latest is a $99M Palm Beach estate

Robert Matthews and the Palm House Hotel (Credit: NAIOP)

Palm House Hotel developer will use taxpayer money to pay legal bills: report

Steve Wynn and 1960 South Ocean Boulevard (Credit: Sotheby's and Getty Images)

Disgraced casino mogul Steve Wynn drops $43M on Palm Beach estate

arrow_forward_ios