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

Miami /
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.


Related Articles

arrow_forward_ios
W. Allan Jones and 320 Island Road, Palm Beach (Wikipedia Commons, Google Maps)
Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
Converting to cash: Payday lender flips his waterfront Palm Beach home for $42M
Todd Glaser with 576 Island Drive (Google Maps, Todd Glaser)
Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
Todd Glaser, partners buy waterfront Palm Beach home to renovate, flip
228 Via Las Brisas and Maximo Haddad. (Compass, Global Industries via YouTube)
Mexican construction tycoon sells Palm Beach mansion for $23M
Mexican construction tycoon sells Palm Beach mansion for $23M
Ed and Jackie Rabin with 505 South County Road, Palm Beach (Patrick McMullan/Getty, Google Maps)
Former Hyatt Hotels president buys Palm Beach home for nearly $6M
Former Hyatt Hotels president buys Palm Beach home for nearly $6M
Clockwise from top left: 1500 West 21st Street in Miami Beach, 259 Pendleton Avenue in Palm Beach, 1221 North Lake Way in Palm Beach, 215 Indian Road in Palm Beach and Todd Glaser (Google Maps)
Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
Todd Glaser buys and sells houses totaling $50M, amid South Florida luxury frenzy
Suzanne Frisbie and 456 South Ocean Boulevard, Palm Beach (Frisbie Group)
Frisbie Group sells oceanfront Palm Beach townhome for $26M
Frisbie Group sells oceanfront Palm Beach townhome for $26M
Ava F. Roosevelt (Getty, Google Maps)
Widow of FDR’s grandson sells Palm Beach home
Widow of FDR’s grandson sells Palm Beach home
Sean Hannity and 9 Sloans Curve Drive, Palm Beach (Getty, Google Maps, iStock)
Sean Hannity buys oceanfront townhouse in Palm Beach
Sean Hannity buys oceanfront townhouse in Palm Beach
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...