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323 Seabreeze Avenue

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

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

323 Seabreeze Avenue

$16,234,700

$3,732/SF

Building Size

4,350 SF

Asset Type

Single Family

Closing

Feb 25, 2025

AI

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

The Corcoran Group

Broker

$1.4B

vol

47 deals

Broker

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