220 Wells Road Trust Acquires Palm Beach Single Family Home From William J. Diamond & Regine Traulsen For $16.175M

The property involved in this transaction is a single-family home located at 200 Wells Road in Palm Beach, encompassing 0.45 acres and offering a total square footage of 4,739. The asset was sold for $16,175,000, which equates to a price per square foot of $3,413.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $16,175,000
• Address: 200 Wells Road
• Market: Palm Beach
• Square Footage: 4,739
• Price per Square Foot: $3,413
• Buyer: 220 Wells Road Trust
• Seller: William J. Diamond & Regine Traulsen
• Broker: Lawrence Moens - Lawrence A. Moens Associates
• Acres: 0.45

Fashion designer Regine Traulsen and her husband William J. Diamond successfully sold their home, which they originally purchased for $3,765,000 in 2004. The deal reflects robust market demand for residential properties in the area.