facebook
Traded Co logo
Submit
Daily limit: 0/10

Bobby Goodnough And Raj Shrestha Of Sotheby's International Realty Represent Buyer In Palm Beach Sale For $16.23M

Property Image
SOLD
$16,234,700

Florida

See Similar Deals
Single Family4,350 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Bobby Goodnough And Raj Shrestha Of Sotheby's International Realty Represent Buyer In Palm Beach Sale For $16.23M

323 Seabreeze Avenue

See Similar Deals
Single Family4,350 SF
Sold
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,732
Total Square Footage:4,350 SF
Transaction Type:Sale

The property asset involved in the transaction is a single-family home located at 323 Seabreeze Avenue in Palm Beach. This asset spans an area of 0.28 acres and has a total square footage of 4,350. The sale price for the property was $16,234,700, resulting in a price per square foot of $3,732. The home features four bedrooms and includes a two-bedroom guesthouse, an infinity-edge pool, and a loggia with a gas fireplace. The property was originally built in 2019.

Summary of transaction details:

A trust tied to Suzanne Dufresne acquired the property from Andrea Luccio and Reed Frerichs. The property was initially listed by Suzanne Frisbie of The Corcoran Group at a price of $19.75 million before the sale was completed.

Players

Suzanne Frisbie
47 deals$1.4B volume
BROKER

Raj Shrestha
Sotheby's International Realty
4 deals$51.8M volume
BROKER

Bobby Goodnough
Sotheby's International Realty
4 deals$51.8M volume
BROKER

Details

SOLD
IMAGE: Bobby Goodnough, Raj Shrestha & Suzanne Frisbie DATE: 02/25/2025 ADDRESS: 323 Seabreeze Avenue MARKET: Palm Beach ASSET TYPE: Single Family ~ ACRES: 0.28 SELLER: Reed Frerichs & Andrea D. Luccio BUYER'S REP: Bobby Goodnough & Raj Shrestha (@SIR.Bobby.Raj) - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Suzanne Frisbie (@FrisbiePalmBeach) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $16,234,700 SF: 4,350 ~ PPSF: $3,732 NOTE: A trust tied to Suzanne Dufresne bought a 5,515 SF Dutch Colonial-style home at 323 Seabreeze Ave., Palm Beach, for $16.32M from Andrea Luccio and Reed Frerichs, who built it in 2019. The property, listed by Suzanne Frisbie of Corcoran at $19.75M, includes a four-bedroom main house, a two-bedroom guesthouse, an infinity-edge pool, and a loggia with a gas fireplace.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$865,850.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$57,678.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,960.76
Annual Debt Service$923,529.13