10th most expensive home sale of the year closes in Palm Beach

But the home sold at a $3M loss from its previous sale in 2016

Dec.December 31, 2019 03:30 PM
225 Indian Road

225 Indian Road

UPDATED, Jan. 7, 2020, 5:35 p.m.: A waterfront Palm Beach mansion sold for nearly $29 million, marking the 10th most expensive residential sale in South Florida this year.

Property records show 225 Indian Road Holdings LLC sold the estate at 225 Indian Road to 225 Trust, managed by White Oak LLC. The property traded at a $3 million loss from its previous sale in 2016.

The true seller and buyer of the eight-bedroom, 11,253-square-foot home are unknown, but the seller was managed by Palm Beach Gardens lawyer Curtis Shenkman.

Palm Beach developer David Frisbie with Benitz Building LLC as the builder developed the mansion in 2016. It was designed by Roger Janssen of Dailey Janssen Architects and features a lakefront library, living room, dining room, family room and two kitchens. The property also includes a separate waterfront guest house with two guest suites and a four-car garage.

Suzanne Frisbie of Premier Estate Properties was the listing agent. Madison Collum of One Sotheby’s International Realty represented the buyer.

The majority of the priciest home sales in the tri-county region were on the barrier island of Palm Beach in 2019. At the top of the list is the $105 million trade of the 10-bedroom estate at 1415 South Ocean Boulevard, which sold to billionaire hedge funder Steven Schonfeld and his wife Brooke.

Correction: An earlier version of this story incorrectly stated the record set by this deal.

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