Trump’s Palm Beach Mansion Sells for $100 Million
By: Diane Tuman, Content Manager | May 19, 2008
What The Donald wants, The Donald gets. Well, almost. Although it’s not the $125 million asking price that billionaire real estate titan Donald Trump wanted, he still executed a nice windfall on his Palm Beach property at 515 N. County Road, selling it for $100 million after purchasing it for $41.35 million in 2004 in a bankruptcy sale. We realize our Zestimate is a little on the low end, but it’s important to remember the Zestimate takes comparable sales data into consideration, and there really are very few homes this unique anywhere in the U.S., let alone recent sales of this caliber.
Kudos to Hot Property for the lead and to The Palm Beach Post as the source and for the juicy details on the sale.
If you really have some time on your hands, listen to CNBC’s interview with Trump (the fastest, most colorful 15-minute interview in the land) as he talks about the Palm Beach sale, but mostly he goes off on OPEC, the oil companies, and the outrageous gas prices. Vintage Trump interview. Love it!
Update 6/23/08: The Wall Street Journal reports that a Russian fertilizer billionaire is the buyer of Donald’s mansion, called “Maison de l’Amitié.”
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- Categories: Celebrity Real Estate, Real Estate, Zillow
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Trump gets Palm Beach Mansion into contract around $100 million « theFrontSteps…step inside san francisco real estate on May 20, 2008 8:34 am
[…] gets Palm Beach Mansion into contract around $100 million 20 05 2008 Today Zillow is reporting the $100M sale of Trump’s Palm Beach Mansion, thanks to the excellent write up in the Palm Beach Post. [photo credit: Jeffrey Langlois Daily […]
Soulie on May 20, 2008 6:41 pm
Correction on address — it’s County Road, not Country.
Overland Park Real Estate on May 23, 2008 7:19 pm
He could buy a lot of toupees with that money.
yvonne Nesbeth on June 23, 2008 4:39 am
I would like to congratulate him on this great deal-speaks to vision.However,I would appreciate
us$10,000.00 to make two little houses for 2 less fortunate families in my community.I guess some guys have all the luck.I send love to all the readers.Let’s spread love,joy and peace.
Leland Harris on June 23, 2008 5:09 am
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.
bulshevek on June 23, 2008 6:27 am
Hi Don
You are the biggest and most successful gambler that I know - keep it up!
Leland Harris on June 23, 2008 6:47 am
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?
FlElectra on June 23, 2008 9:12 am
His Vegas property has nothing to do with the property he sold. As in the past if Vegas does not work out he ( Or should I say the Corporation that owns the property)will file bankruptcy. I am sure he has not personally guarenteed any of the debt.
Anne on June 23, 2008 9:24 am
if you click on the picture of the house it reads that it sold for $30,666,000.00.
Laura Vecsey on June 23, 2008 9:50 am
One good hurricane and goodbye $1O0M estate-let!
David G from Zillow.com on June 23, 2008 12:07 pm
Anne -
That’s it’s Zestimate value. The home sold for $100M. Kind of hard to find comps for this one.
donald trump on June 23, 2008 2:32 pm
Leland
Are you jealous?
Ha!
Na,na, naa, na,na!
Donald
Robert Eckstein on June 23, 2008 3:37 pm
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.
monday on June 23, 2008 5:09 pm
D.Trump you a money making machine
Sarah on June 23, 2008 6:32 pm
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
Carol on June 23, 2008 9:48 pm
Where I come from the average “single family home” doesn’t include 7 bedrooms and 18 bathrooms!! What would you do with all that room besides misplace all your children?
Vegasguy on June 24, 2008 10:45 am
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.
High Price Real Estate Property Sales | Marketingmason.com on June 25, 2008 10:28 am
[…] read articles about things that are relevant to me or at least topics with which I can identify. So Trump’s palm beach mansion just sold for $100 million and the internet is buzzing with it! I was speaking to a friend that […]
There are Now Over 10 Million Millionaires (Worldwide) | Personal Insights on Web 2.0, Blogging, and Business on June 25, 2008 11:30 am
[…] what the number would be if it included home values. For instance, real estate assets such as Trump’s Palm Beach Mansion are a considerable piece of many people’s portfolios. Last 5 posts in RandomDo You Want a Toy […]
Henry Rose on June 25, 2008 7:42 pm
[…] after reading this article on the Zillow Blog about how Donald Trump sold his house for an $58.5 Million dollar profit I just don’t feel as cool. By the way, it’s not […]
Trump’s Palm Beach Pad Sells for $95 Million | Zillow® Blog on July 18, 2008 12:51 pm
[…] years later for a profit of $29 or $34 million, depending on that $5 million fudge number. He was originally asking $125 million for the property, but nevertheless, this $95 million deal is allegedly the most expensive real […]
vivian on July 22, 2008 10:54 am
my opinion is that trump is rolling in DEBT, not cash.