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Spec’ house destined for Indian Road, thanks to $8.8M sale

Posted On: 11-07-2013

By Darrell Hofheinz Daily News Staff Writer

A new “spec” house is destined for a prime waterfront lot on the northern tip of Palm Beach.A limited liability company controlled by developer David Frisbie has paid $8.825 million for Alicia and William Blodgett’s two-story, five-bedroom house at 225 Indian Road, according to a deed recorded Tuesday.The house had been on and off the market for the past five years. It will be razed to make room for the new one, said Corcoran Group agent Suzanne Frisbie, who represented 225 Indian Road LLC, the Florida entity that bought the house.

She is married to David Frisbie.Built in 1937 in a modified Georgian style, the 7,643-square-foot house faces the inlet on a 1.8-acre, L-shaped lot. The house looks directly north to the channel between Peanut and Singer islands.

To read more, click here: http://www.palmbeachdailynews.com/news/news/local/spec-house-destined-for-indian-road-thanks-to-88m-/nbj6r/

Source: Darrell Hofheinz, November 7, 2013, Palm Beach Daily News

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