Playwright sells Palm Beach home for $18M

Sellers bought the house for $6.1M in 2016

Miami /
Jun.June 24, 2021 10:30 AM
Frank Strausser and 365 North County Road, Palm Beach (Twitter, Google Maps)

Frank Strausser and 365 North County Road, Palm Beach (Twitter, Google Maps)

Playwright and novelist Frank Strausser sold a Palm Beach home for $18 million to a trust linked to a real estate firm.

Records show Frank Strausser and his wife, Doris Lee Emrick Strausser, sold the house at 365 North County Road to The Lane 2013 Dynasty Trust, with F. Leslie Barron and G. David Cheek as trustees. Cheek is president and co-founder of Bethesda, Maryland-based real estate investment and development firm The Meridian Group.

The address for the trust links to a property owned by Bruce and Leslie Lane. Bruce Lane is the co-founder, executive vice president and managing director of The Meridian Group.

The trust financed the purchase with a $10.8 million mortgage from JPMorgan Chase Bank, according to Palm Beach County records.

Strausser has written such plays as “Psycho Therapy,” “The Powder Room,” “The Split,” “Valentine Triage” and “Wishing Well,” according to freshfiction.com. Strausser’s first novel, “Plastic,” became an Amazon bestseller.

He and his wife bought the home for $6.1 million in 2016, records show. It was built in 1968.

The house was listed in April for $18.7 million. Cara McClure and Lisa Wilkinson of Douglas Elliman represented the seller, while Carole Koeppel of Sotheby’s International Realty represented the buyer.

The 5,152-square-foot, six-bedroom, seven-and-a-half-bathroom home is on a nearly 0.6-acre lot.

Also recently in Palm Beach, a German entrepreneur and philanthropist sold an estate for $109.6 million, liquor scion Edgar Bronfman Jr. bought a home for $12 million, and a waterfront home sold for $32.6 million.





    Related Articles

    arrow_forward_ios
    Todd Michael Glaser and Nelson Gonzalez with 31 La Gorce Circle (Sonya Revell, Nelson Gonzalez)
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Glaser, partners buy non-waterfront La Gorce teardown for $8M
    Christian Slater with 3618 Saint Gaudens Road (Getty Images, 1oak Studios)
    Christian Slater sells Coconut Grove home after three-way bidding war
    Christian Slater sells Coconut Grove home after three-way bidding war
    12525 Seminole Beach Road in North Palm Beach and Larry Ellison (Daniel Petroni/Douglas Elliman Realty, Getty)
    Larry Ellison lists North Palm Beach teardown for $145M
    Larry Ellison lists North Palm Beach teardown for $145M
    Fontainebleau Development's Jeff Soffer and Brett Mufson, with the Regency Condominium at 250 Beach Road in Tequesta (Regency)
    Soffer pays $100M for condo building on Jupiter Island
    Soffer pays $100M for condo building on Jupiter Island
    Gatsby Enterprises'  Babak Ebrahimzadeh with 25 and 45 Northeast Second Avenue, as well as at 220 Northeast First Street (Loopnet, LinkedIn)
    All aboard! Gatsby buys railroad-themed Delray Beach retail plaza for $30M
    All aboard! Gatsby buys railroad-themed Delray Beach retail plaza for $30M
    Conair heiress Babe Rizzuto and 609 South Beach Road (Getty Images, Nicholas Deficili/Elite Photographer)
    Conair heiress pays $35M for oceanfront Jupiter Island mansion
    Conair heiress pays $35M for oceanfront Jupiter Island mansion
    (Photo Illustration by The Real Deal with Getty Images)
    Want more South Florida land? Buy out your neighbors
    Want more South Florida land? Buy out your neighbors
    1201 Brickell Bay Drive, Citadel's Ken Griffin and 830 Brickell office tower in Miami (Google Maps, OKO Group and Cain International, Illustration by Priyanka Modi for The Real Deal with Getty)
    Mapping out Ken Griffin’s Miami shopping spree
    Mapping out Ken Griffin’s Miami shopping spree
    arrow_forward_ios

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

    Loading...