Trump’s Palm Beach Mansion Sells for $100 Million

He could buy a lot of toupees with that money.

The Teflon Donald may not be so lucky as it seems. His latest venture which was just completed earlier this year is in major trouble. The newest testament to Donnie’s bloated ego is the Trump Tower and Resort situated on some of the most expensive real estate on the Las Vegas Strip. It is a bronze mirrored high rise behemoth built for the world’s deepest pocketed superstars of entertainment and commerce. The big “D” has bullied his way through his miserable ego maniacal life with the soon to be obsolete credo, “If you build it, they will come.” Trouble is the well healed are staying away in droves. The Las Vegas real estate market is in the tank; down 25% and expected to reach 40% in the next 12 to 18 months. In the unreal world of “DT” where a half million devalued American dollars gets you an efficiency size condo in the Leaning Tower of Trump,and many of the unsold units have a price tag of five million dollars, the rich and famous just aren’t taking the bait. Hack Realtors have even resorted to using Craigslist in an attempt to lure in buyers. So many of the early committers have bailed out that prices of the units are dropping faster than Bill Clinton’s trousers at a Tupperware party. Do you really think Donald Trump would sell a $125 million dollar property for $100 million if he didn’t absolutely have to? If the Las Vegas trend continues, Donald will need that $100 mil to just make the first interest payment. Go get em Donald. Too bad you cant eat glass and steel.

With respect Mr.or Ms. bulshevek,
People who gamble consistently eventually lose. Losers are the ones who built Las Vegas, not the winners. What does your Bible, Kuran, or Pentateuch say about greed?

if you click on the picture of the house it reads that it sold for $30,666,000.00.

Anne -

That’s it’s Zestimate value. The home sold for $100M. Kind of hard to find comps for this one.

Donald keep it up. We need to continue to push the envelope of deal making. This is what grows an economy and provides employment not to mention fresh ideas and innovation.
Kudos to you and go Capitalism.

OKay lets all sue him for having so much money because some lady from Philly did last year and walked away with 1.7 million after suing the tahl mahal

Just love all of the Las Vegas bashing. Its so interesting to see how some readers just want to see Las Vegas fail so badly. Those must be the ones who lost at the real estate tables and now are angry at the world.

Las Vegas in its core Strip area, which includes Trump International Hotel and Tower, is still in high demand for land prices. There are only 4 miles of the Strip in existence and very little land available to buy. The Plaza is being built next to Trump and is expected to break price per sq foot records.

One big reason that is keeping Trump’s new project from closing its units sooner is lenders trying to make up for their sub-prime losses. If they won’t lend money on real estate then everyone loses. Yes, some buyers panicked and ran for the exits on Craig’s List. People usually run when they smell smoke before determining if it’s a real fire or not.

Vegas has been declared so many times in the past to be a disaster and has come out the winner every time. I wouldn’t be betting on it losing this time either if you see how much money is being invested in new construction lately along the Strip.

Few point of clarification and facts. Trump created a LL corporation (in Florida) called County Road Property, LLC and sold the property to his own LLC for $95 Million, not $100 million! He bought the property for $41.4 million, not $40 million. In other words he leveraged the property, he did not consummate an actual sale. Busted, what a phony!