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Developer plans two next-door ‘spec’ houses

Posted On: 11-24-2013

By Darrell Hofheinz Daily News Staff Writer

A sale last weekrevealed the Frisbie family plans to develop not one but two North End “spec” houses on side-by-side lots facing the inlet on the North End.A limited liability company controlled by Palm Beach developer David Frisbie paid a recorded $4.465 million for 219 Indian Road, the longtime home of late society photographer Mort Kaye, according to the deed.

Kaye’s 1953 house — with 75 feet of waterfront — will be razed to make room for a house the Frisbies will develop for sale, according to Suzanne Frisbie, a Corcoran Group real estate agent and David Frisbie’s wife.About three weeks ago, another Frisbie family-controlled entity paid $8.83 million for the house next door at 225 Indian Road.

To read more, click here: http://www.palmbeachdailynews.com/news/news/local/developer-plans-two-next-door-spec-houses/nb3PM/

Source: Darrell Hofheinz, November 24, 2013, Palm Beach Daily News

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