Updated Apr 3, 2025
220 Wells Road Trust Acquires Single Family Home In Palm Beach From William J. Diamond & Regine Traulsen For $16.175M
220 Wells Road
$16,175,000
$2,794/SF
Building Size
5,788 SF
Asset Type
Single Family
Closing
Apr 1, 2025
About this deal
AI
A single-family home located at 220 Wells Road in Palm Beach has been sold for $16,175,000. The property encompasses 5,788 square feet and was sold at a price per square foot of $2,795.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,175,000
- Buyer: 220 Wells Road Trust
- Seller: William “Bill” J. Diamond & Regine Traulsen
- Broker: Lawrence Moens - Lawrence A. Moens Associates, Inc
- Date of Sale: 04/01/2025
The transaction involved fashion designer Regine Traulsen and former Palm Beach Town Councilman Bill Diamond as sellers. The buyer, 220 Wells Road Trust, was represented by attorney Guy Rabideau. Broker Lawrence Moens represented both sides of the transaction.
On the Map
$16,175,000
$2,794/SF
Single Family
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Players
Palm Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93