Trump's Palm Beach Mansion Goes for $100M
Donald Trump has sold his mansion in Palm Beach, Fla., for $100 million to a Russian fertilizer billionaire Dmitry Rybolovlev.
Trump, who paid $41 million for the 60,000-square-foot oceanfront house in 2004, told the Associated Press, "I think it's a great sign for the area, a great sign for Palm Beach and all that Palm Beach represents. ... In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate.”
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Marina Vialtsina
Showing posts with label Donald Trump. Show all posts
Showing posts with label Donald Trump. Show all posts
Saturday, July 26, 2008
Saturday, May 31, 2008
Priciest Homes on the Market
After trying to sell his Palm Beach home, Maison de L’Amitie, for two years at $125 million in March, Donald Trump knocked $25 million off the price.
It was the largest discount ever for a single residence not involved in a bankruptcy proceedings.
As Trump’s experience proves, even the most expensive homes aren’t immune to the current economy, but overall, "Inventory is relatively tight for trophy-type properties," says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm
Miller says the inventory of Manhattan homes priced at $8 million and up has declined by 35 percent over the last year. "If we were having this conversation six to nine months ago, we'd say it was Wall Street bonuses," he says, "but the weak dollar has certainly played a role," by attracting foreign buyers.
In addition, sellers like Trump are increasingly flexible. "The resistance has lessened,” says Nelson Gonzalez, a broker at Esslinger-Wooten-Maxwell in Miami Beach. “Smarter sellers are dropping their prices, and buyers are coming up a little bit more to make deals."
Here are the top-nine priciest homes on the market now:
$125 million, Fleur de Lys Beverly Hills, Calif.
$125 million, Dunnellen Hall, Greenwich, Conn.
$100 million, Tranquility, Lake Tahoe, Nev.
$100 million, Maison de L'Amitié, Palm Beach, Fla.
$95 million, Hillandale, Stamford, Conn.
$88 million, BootJack Ranch, Pagosa Springs, Colo.
$85 million, Bel Air, Calif.
$80 million, Southampton, N.Y.
$75 million, The Portabello Estate, Corona del Mar, Calif.
Source: Forbes, Matt Woolsey (05/19/08)
It was the largest discount ever for a single residence not involved in a bankruptcy proceedings.
As Trump’s experience proves, even the most expensive homes aren’t immune to the current economy, but overall, "Inventory is relatively tight for trophy-type properties," says Jonathan Miller, president of Miller Samuel, a Manhattan real estate appraisal firm
Miller says the inventory of Manhattan homes priced at $8 million and up has declined by 35 percent over the last year. "If we were having this conversation six to nine months ago, we'd say it was Wall Street bonuses," he says, "but the weak dollar has certainly played a role," by attracting foreign buyers.
In addition, sellers like Trump are increasingly flexible. "The resistance has lessened,” says Nelson Gonzalez, a broker at Esslinger-Wooten-Maxwell in Miami Beach. “Smarter sellers are dropping their prices, and buyers are coming up a little bit more to make deals."
Here are the top-nine priciest homes on the market now:
$125 million, Fleur de Lys Beverly Hills, Calif.
$125 million, Dunnellen Hall, Greenwich, Conn.
$100 million, Tranquility, Lake Tahoe, Nev.
$100 million, Maison de L'Amitié, Palm Beach, Fla.
$95 million, Hillandale, Stamford, Conn.
$88 million, BootJack Ranch, Pagosa Springs, Colo.
$85 million, Bel Air, Calif.
$80 million, Southampton, N.Y.
$75 million, The Portabello Estate, Corona del Mar, Calif.
Source: Forbes, Matt Woolsey (05/19/08)
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