Designer Regine Traulsen and her husband, Bill Diamond, a former New York City commissioner, sold their longtime Palm Beach home for $16.2 million.
Records show the couple sold the house at 220 Wells Road to a trust named for the address and managed by local attorney Guy Rabideau. The true buyer is unknown.
Lawrence Moens of Lawrence A. Moens Associates represented the buyer and sellers.
Diamond was the commissioner of New York City’s Department of Citywide Administrative Services during Rudy Giuliani’s mayoral term. He also served in the federal government’s General Services Administration under Ronald Reagan and George H.W. Bush, according to published reports. He has also served on the Palm Beach Town Council. Diamond is the son of the late Sidney Diamond, who was a multifamily developer in Manhattan and head of the Diamond Realty Organization.
Traulsen is a socialite and fashion designer specializing in caftans. She was raised in Morocco and attended the Sorbonne, and has been credited with helping to popularize caftans in the U.S. in the 20th century, according to published reports.
The couple bought the Wells Road home for $3.8 million in 2004, property records show. Built in 1989 on half an acre, the 4,700-square-foot house has four bedrooms, seven bathrooms, one half-bathroom, a pool and a pool house, records and the listing show.
The couple listed it in January for $17 million, Zillow shows. They also own a condo in the Biltmore at 150 Bradley Place in Palm Beach that they bought for $2.1 million in 2021, according to property records.
Palm Beach real estate’s busy season kicked off in November, jump-started by market confidence following Donald Trump’s presidential victory. The biggest deal of the season so far has yet to close: Billionaire beauty heir William Lauder is in contract to sell 2.3 acres of oceanfront land he listed for $177.8 million.
The priciest closed deal this season is billionaire Red Ventures CEO Ric Elias’ $73 million sale of his oceanfront Palm Beach mansion last month. Also last month, Paul L. Maddock Jr., a scion of one of Palm Beach’s founding families, sold his longtime home for $31 million.