Frank and Helen Dimino have sold their Phipps Estates home at 240 Via Las Brisas to Louis J. Porreco of Fort Lauderdale for $5.35 million, according to a warranty deed recorded Friday by the Palm Beach County Clerk’s office.

Fite Shavell & Associates of Palm Beach represented both the Diminos and Porreco, whose wife is Debra, in the transaction.

Builder Dan Swanson of Addison Development Corp. built the custom home — with 8,330 square feet of living space inside and out — for Frank Dimino, a retired businessman who paid $1.47 million for the property in 1999, according to tax records.

Dimino had asked Swanson to build him an Italianate villa similar to the ones he had seen while visiting southern Italy, Dimino told the Palm Beach Daily News last year.

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Stock Development has released plans for Lakoya, a new neighborhood of single-family and estate residences in the northwest corner of Lely Resort.

Lakoya is an exclusive 242-acre enclave with a private gated entrance, sculptured landscaping, classical gardens, Bellagio- inspired fountains and elegant paved walking paths. Here you will find unmatched style and sophistication, all within the Community of the Year, with an award winning club and spa, three championship golf courses and much more.

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