A former CEO of U.S. Airways was revealed to be the buyer of the $30 million Indian Creek Island home that sold on Monday.
Financier Charles Johnson sold the 16,393-square-foot home at 17 Indian Creek Island Road to Rakesh and Shobha Gangwal, Miami-Dade County records show.
Rakesh Gangwal, co-founder of IndiGo, an Indian budget airline, was CEO of U.S. Airways from 1991 to 1998. He also led Worldspan Technologies, a travel technology and information services company as its CEO from 2003 to 2007.
Nelson Gonzalez of Esslinger Wooten Maxwell/Christie’s represented both the seller — the retired founder of Franklin Templeton Funds — and the buyer of 17 Indian Creek Island Road.
“For now, it’s a vacation home,” Gonzalez told The Real Deal, “but he is looking to move there permanently.”
The 16,393-square-foot waterfront estate sits on an 80,000-square-foot lot and has five bedrooms, five baths and three half-baths.