Former hotelier sells Indian Creek mansion for record $68M

2.8-acre waterfront estate last sold for $1.4M in 1982

11 Indian Creek Island Road
11 Indian Creek Island Road (Google Maps)

A former hotelier, Tulia Soucy de Gonzalez Gorrondona, sold her waterfront Indian Creek estate for a record $68 million in an off-market deal.

Records show Gorrondona’s Nevis-based MTM Star International Corporation sold the mansion at 11 Indian Creek Island Road to the Palm Trust, with Houston-based attorney Terri Lacy signing as trustee. The true buyer is unknown.

Gorrondona previously helmed the Concorde Organization, a hotel owner and operator, according to Steemit. Corporate records link her to Ines Centeno de Gonzalez Gorrondona and José Joaquin Gonzalez Gorrondona, a leading Venezuelan banker and economist in the 20th century. 

Records show the Panama Capital & Investment Corporation bought the 2.8-acre waterfront estate for $1.4 million in 1982. The deed was transferred to Gorrondona’s MTM Star International in 2016, with Ruth Giannina de Sanchez signing as vice president. Built in 1965 and expanded in 1985, the mansion spans nearly 9,300 square feet, with three bedrooms and three bathrooms, according to property records. The estate also includes a pool, according to records.

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The sale marks a new price record for the island, last set in 2019 when a waterfront estate sold for $49.9 million

Indian Creek, a private island often referred to as “Billionaire Bunker,” is a favorite hideaway among the uber-wealthy. It has attracted residents like Tom Brady, Jeffrey Soffer, Jared Kushner and Ivanka Trump.

Kushner and Trump dropped $24 million on an 8,500-square-foot waterfront mansion on the island in 2021. The couple is currently living in a condo at oceanfront Arte Surfside while their Indian Creek mansion is under renovation. 

Last year, billionaire Colombian banker Jaime Gilinski bought supermodel Adriana Lima’s Indian Creek estate for $40 million. The financier’s portfolio on Indian Creek now spans five contiguous properties.