A Palm Beach couple sold a renovated non-waterfront home for $16.2 million, after the property went under contract in less than a month.
Records show Andrea “Desiree” Luccio and Reed Frerichs sold the house at 323 Seabreeze Avenue to the Filoxenia Nominee Trust, with Susan M. Dufresne of New Hampshire signing on behalf of the buyer.
Suzanne Frisbie with the Corcoran Group had the listing, and Robert Goodnough with Sotheby’s International Realty brought the buyer.
Dufresne and the Filoxenia Nominee Trust bought a different non-waterfront home at 596 North County Road in Palm Beach for $13.6 million in 2023, according to property records.
Frerichs is a former film producer and the scion of a Texas cattle ranching family, according to published reports.
Luccio bought the 0.30-acre Seabreeze property for $3.9 million in 2015, records show. It includes a 1,000-square-foot, two-bedroom guest house that was built in 1925. Luccio built the 3,300-square-foot, four-bedroom, four-bathroom main house in 2019, records show.
The couple listed the home for $19.8 million in December, and went into contract 25 days later, Redfin shows.
It marks the latest luxury residential deal amid Palm Beach real estate’s high season, which was jumpstarted in November by Donald Trump’s presidential victory.
Last month, the trust of a late real estate developer sold a home on the island for $15.5 million. Marathon Asset Management CEO Bruce Richards also bought a non-waterfront lot near Trump’s Mar-a-Lago Club for $19.5 million.