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:
- Property Type: Single Family
- Transaction Amount: $16,234,700
- Address: 323 Seabreeze Avenue
- Market: Palm Beach
- Acres: 0.28
- Square Footage: 4,350
- Price Per Square Foot: $3,732
- Seller: Reed Frerichs & Andrea D. Luccio
- Buyer's Representative: Bobby Goodnough & Raj Shrestha - Sotheby's International Realty
- Seller's Representative: Suzanne Frisbie - The Corcoran Group
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
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