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Hot real estate market: Indian River County mansion sells for record-breaking $27 million – TCPalm

INDIAN RIVER COUNTY — Multimillion-dollar home sales aren’t surprising along the beachside stretch of State Road A1A, but this sale is sure to drop a few jaws.

A 15,400-square-foot mansion sold for $27 million Nov. 6, according to market listing service data — apparently the most expensive single-family home sale on record, according to Robbie Fox, who heads the property appraiser’s services department.

No information on who bought it was immediately available because the property deed has not been processed in the records system yet, Fox said. 

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A 15,408-sqaure-foot, Indian River County home, at 1920 S Highway A1A, sold for $27 million on Nov. 6, 2021.

The home, built in 2008 at 1920 S. Highway A1A, is on 2.6 acres in the Kansas City Colony, north of the Round Island beach and Indian River Lagoon parks, and features: 

  • Seven bedrooms
  • 12.5 bathrooms
  • A guesthouse
  • Pavilion
  • Motor court complex
  • Two swimming pools
  • Tennis court
  • Backyard helipad
  • 155-feet of private beach access. 

Former owners William and Janice Sanger bought the property in 2015 for $17 million, according to Indian River County property appraiser records. The assessed value was about $10.5 million this year, records show. 

The house stayed on the market for some time and was first listed May 25 at $29 million, market listing service data shows. It was roughly 2,684% more expensive than nearby properties in the 32963 ZIP code area, where the median sale price is about $969,700. 

Catie Wegman is TCPalm’s community and real estate reporter. You can keep up with Catie on Twitter @Catie_Wegman, on Facebook @catiewegman1 and email her 

Read more of Catie’s stories, and support her work with a TCPalm subscription.



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