Trump’s $100 Million Sale

Well it looks like the Donald has done it again. This time, he is selling his mansion in Palm Beach, FL for 100 million dollars. Trump purchased the property in 2004 for $41 million and spent an additional $25 million in lavish upgrades. Kendra Todd, winner of The Apprentice season three, oversaw all renovations. In the end, the mansion boasts nine bedrooms, a ballroom, a conservatory and a 48 car garage. It looks like it was a worthy investment, considering he made 34 million dollars off the sale.
Yet what appeals to Trump in a home may not appeal to all. The undisclosed buyer is planning on demolishing the mansion and subdividing the ocean front property. To ultra rich buyers like himself, bulldozing a 80,000 square foot luxury estate is a small price to pay for ocean front property.
With limited and protected coastlines world-wide, water front properties never lose their value. From the east coast to the west coast, and everywhere in between, the only place to browse over 600,000 properties is Condo.com. With an inventory valued over $150 billion, you can find pristine real estate properties internationally. So whether you’re looking to be the next Donald Trump or for a condo, Condo.com is the place to start.
Tags: real estate, business, investing, condo, apartment, mansion, donald trump, ocean-front, property
May 22, 2008 at 4:44 am
Holy cow. I hadn’t heard about that. That’s amazing.