Donald Trump has managed to sell his $100 million Palm beach mansion at last. Thank goodness for the soft dollar I hear you cry.
Mr. Trump apparently managed to achieve this price after the property languished on the books for some time. Plus a drop of $25 million from the original asking price.
The property has changed hands a number of times over the years, and despite Mr. Trump’s claim that it is “the best piece of land anywhere,” it never seems to stay in the same hands for any length of time. Mr. Trump purchased the property back in 2004 for the paltry sum of $41.35 million. He then lavished an untold amount of money refurbishing the buildings, and according to the Palm Beach County Property Appraiser’s Office, the current yearly tax bill is close to $1 million, so the profit margin is not quite as impressive as one might first think.
What I hear is, the new owner agrees with my assessment of the renovations and interior design – and plans to tear the thing down.
Which would make it one of the most expensive tear-downs in the history of Florida real estate I guess 
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i jus cant beleave u sold the house!!!
No, he didn’t sold the house!
Damn, I would of bought it
It’s the biggest house in Palm Beach, or rather IN FLORIDA.
However, his house is not the only luxury house in Palm Beach.
In Miami Beach, there are lot of island communities where people like Gloria Estefan, P. Diddy, Lil Wayne, Shaquille O’Neal, and many famous celebrities live.
Star Island and Fisher Island are just some of those Islands.
I’ve blogged about these islands and quite often write about the Real Estate properties in these islands of rich and famous.
http://www.miamibeachrealestateblog.biz/fisher-island/
Dont get me wrong, this is an awesome property, but I think they should have added some color to the exterior – the all white is too boring!
That place is freaking huge.
Is the beach at the east- or on the westside?
It’s a town.
Impossibly garish, and mall-like. Either open it for business or tear it down.
who care!
He is rich but I’ve never heard he donates anything for poor people.
I like the beach.
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This place is over evaluated, I don’t know who bought it but there are better properties for much cheaper on the market!
Luxury Real Esate recently posted..Miami Home Sales Go Nuts
Russian Billionarie called Dmitry Rybolovlev just bought it for $100m… RIDICULAS! But then
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