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Newly built Midtown house fetches $6.7 million

Posted On: 06-25-2015

By Darrell Hofheinz Daily News Staff Writer

Developed and completed late last year by the Frisbie family, a house with a guesthouse at 333 Brazilian Ave. has sold for a recorded $6.7 million in an off-market deal.

A deed recorded June 15 lists Christine M. Watkins and John D. Nixon as the buyers, she with an 80 percent “undivided” ownership interest and he with a 20 percent interest, also undivided. They are married but own the home as “tenants in common,” the deed shows. Watkins is an experienced equestrian and Nixon is in the financial services industry. Watkins owns another house just down the street, and the couple has a place in Connecticut.

The buyers were represented by Brown Harris Stevens agent Lynn Ciklin, who declined to comment.

Agent Suzanne Frisbie of the Corcoran Group handled her family’s side of the deal. Her husband, David Frisbie, developed the house in partnership with his brothers, Robert and Rick Frisbie. They have built a number of other projects in Palm Beach, including a lakefront mansion that sold last year on Antigua Lane for nearly $29 million and two side-by-side houses under construction on Indian Road .

The Frisbie family also is behind a long-discussed project to redevelop property owned for years by the Testa family on Royal Poinciana Way, including the property that houses historic Testa’s restaurant. That mixed-use project is currently under review at Town Hall.

Plans for the house on Brazilian Avenue were drawn by architect Roger Janssen, who frequently designs projects for the Frisbie family. With so-called island Colonial-style architecture, the property offers three bedrooms in the main house along with a two-bedroom guesthouse on the opposite side of the swimming pool. In all, the property has 6,024 square feet of living space, inside and out. Interior details include walnut hardwood and marble floors, beamed ceilings and a smart-home technology system.

“The Frisbies are known for the quality of their construction,” Watkins said this week, adding that she was taken with the house from the moment she stepped inside it.

The house replaced an outdated one the developers bought for $1.8 million in 2013. After the house was built, Robert Frisbie and his wife, Kim, moved into it for a time. Frisbie family members have done the same with other projects they’ve developed. “We like to use the houses if we can to make sure all the systems are working properly,” Suzanne Frisbie said.

The house had been listed for sale at just under $7 million while it was under construction but had been withdrawn from the local Multiple Listing Service after it was occupied. “But people knew it was available, so the call came,” she said.

And now the house is back in MLS — but as a rental at $30,000 per month, rising to $40,000 in season, according to its listing by agent, Shelly Newman of Illustrated Properties. Newman also has listed Watkins’ other Palm Beach house for sale — a five-bedroom landmarked home just down the street at 345 Brazilian Ave., priced in MLS at $5.49 million. Newman declined to comment.


Source: Darrell Hofheinz, June 25, 2015, Palm Beach Daily News

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