IN­DIAN ROAD

Palm Beach Daily News - - TODAY -

a land trust named af­ter the prop­erty’s ad­dress. No other in­for­ma­tion about the buyer’s side of the sale was im­me­di­ately avail­able in pub­lic records. Robert and Kim Fris­bie’s new home was com­pleted ear­lier this year at 1610 N. Ocean Blvd., im­me­di­ately east of the one that just sold, Robert Fris­bie said.

No. 1610 is one of three side-by-side houses de­vel­oped over the past five years by the Fris­bie fam­ily. All were de­signed with West Indies-and Ber­muda-in­spired ar­chi­tec­ture by ar­chi­tect Roger Janssen of Dai­ley Janssen Ar­chi­tects. Im­me­di­ately west of No. 219, the house at 225 In­dian Road was sold by the Fris­bie Group in 2016 while un­der con­struc­tion for $32 mil­lion and is back on the mar­ket, priced at just un­der $35 mil­lion.

The mid­dle house, which changed hands last week, has six be­d­rooms and about 12,000 square feet of liv­ing space, in­side and out. It stands on about an acre — with about 121 feet of wa­ter frontage — and is the third house west of North Ocean Boule­vard.

The lay­out fea­tures an ocean view din­ing room and a fam­ily room open to the kitchen on one side and an out­door din­ing log­gia on the other. A broad lawn leads from the swim­ming pool to the water­front’s pri­vate beach and dock. The prop­erty also has two guest­houses — one is de­tached, while a breeze­way con­nects the other to the main house.

Cor­co­ran Group agent and Fris­bie Group prin­ci­pal Suzanne Fris­bie con­firmed that she han­dled both sides of the sale. She is mar­ried to David Fris­bie. Robert and Kim Fris­bie had the house at 219 In­dian Road home­steaded in the Palm Beach County tax rolls. Their new home at 1610 N. Ocean Blvd. has six be­d­rooms and 11,195 to­tal square feet with a four­car garage and 131 feet of wa­ter frontage.

Two prop­er­ties bought in 2013

The

Fris­bie

fam­ily bought the prop­er­ties at Nos. 225 and 219 in No­vem­ber 2013. The Fris­bies were rep­re­sented in both sales by Suzanne Fris­bie.

Agents Pamela Got­tfried and the late Mel Kane of Dou­glas El­li­man Real Es­tate rep­re­sented the es­tate of the late so­ci­ety pho­tog­ra­pher Mort Kaye when his long­time home at No. 219 sold for $4.465 mil­lion nearly five years ago. And Cor­co­ran agents Steve J. Davis and Jim McCann acted on be­half of Ali­cia and Wil­liam Blod­gett when they sold their home at No. 225 for about $8.83 mil­lion.

The Fris­bies reap­por­tioned the lots and de­signed the two homes to take ad­van­tage of their dra­matic wa­ter views of the in­let, the In­tra­coastal Wa­ter­way and Peanut Is­land. Benitz Build­ing LLC was the builder.

The Palm Beach-based Fris­bie Group bought the prop­erty at 1610 N. Ocean Blvd. in June 2016 for $9 mil­lion.

Suzanne Fris­bie was on the buyer’s side op­po­site bro­ker Chris­tian An­gle of Chris­tian An­gle Real Es­tate. An­gle rep­re­sented the seller, a trust linked to the es­tate of the late New York City real es­tate busi­ness­man Sey­mour Cohn.

Other projects

The Fris­bie fam­ily has built spec­u­la­tive homes in Palm Beach for more than 20 years.

Their lat­est project in Palm Beach is a four-town­house de­vel­op­ment planned for 456 S. Ocean Blvd., on the site of the closed Charley’s Crab res­tau­rant. That spec­u­la­tive project is un­der re­view by the Ar­chi­tec­tural Com­mis­sion, which last week de­ferred the de­sign for a month for restudy.

The com­pany bought the prop­erty for $26.3 mil­lion in April.

On Wed­nes­day, the com­mis­sion gave Fris­bie Group fi­nal ap­proval for its plans to de­velop on spec­u­la­tion a sin­gle-fam­ily house de­signed for a lot at 101 Gulf­stream Road, im­me­di­ately west of the town­house project.

In late Oc­to­ber 2017, Fris­bie Group bought a nearby of­fice-and-re­tail build­ing at 125 Worth Ave. for a recorded $30.7 mil­lion in the ocean block of the Av­enue. The com­pany is head­quar­tered there.

The Fris­bie Group also is re­de­vel­op­ing the for­mer Testa’s Res­tau­rant prop­erty at 221 and 231 Royal Poin­ciana Way in part­ner­ship with The Break­ers.

Con­struc­tion is un­der­way on a mixed-use project that will in­clude at least one res­tau­rant, shops and six lux­ury con­do­mini­ums.

Photo by Nick­o­las Sar­gent Pho­tog­ra­phy, cour­tesy of Fris­bie Group

Over the past five years, the Fris­bie Group has de­vel­oped three ad­ja­cent houses with docks on the Lake Worth In­let. From the left are houses at 1610 N. Ocean Blvd., 219 In­dian Road and 225 In­dian Road.

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