Trump Sells in Palm Beach for $100 Million
I would have taken bets that Donald Trump wouldn't get his $100 million price for the home he's been trying to sell in Palm Beach, Florida for two years but I would have lost. The Palm Beach Post reports that Trump has sold the property he bought in 2004 from Abe Gosman for his desired price. Trump bought the home for $41.35 million and spent another $25 million in a renovation headed by Kendra Todd, winner of the third season of The Apprentice. He first put it on the market for $125 million which made it the most expensive home for sale in the U.S. but even Trump knew that price was optimistic and predicted three years ago that it would go for $100 million.
The home has nine bedrooms, a ballroom and a conservatory as party of its 62,000 square foot expanse. It also has a 48-car garage. Believe it or not, the unnamed buyer might tear down the huge mansion and subdivide. The waterfront property has been a prized piece of land for over 100 years and has the current house, Maison de L'Amitié, was only built in 1990. The property is appraised at $58 million by the Palm Beach County Property Appraiser's Office, meaning the 2007 tax bill at $980,033, is higher than the price of many homes in America. Trump's sale comes after a rash of big home sales in Palm Beach including Jones Apparel Group founder Sidney Kimmel who recently sold his home in the area for its $81.5 million list price.