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Opening Doors – Blog for home buyers and sellers.

written by Amy Le on Wednesday, September 10, 3:12PM

Amy Le
Amy Le

What would $100 million buy you? For a Russian business man it got him Donald Trump’s 80,000 square-foot Palm Beach mansion.

Photo courtesy of Soxfirst.com

The Palm Beach Post reported last month that the property, located at 515 N. County Road in Palm Beach, FL, sits on six acres and has 475 feet of unobstructed oceanfront, making the price per linear foot $210,526. The goliath of a home boasts 9-bedrooms, a 48-car garage, private art gallery and two guest houses. And let’s not forget about the Donald’s special touches to the home, like the pricey marbles, 24-karat gold fixtures in the bathrooms and the gargantuan fountain in the driveway. The unnamed buyer is considering tearing down the recently remodeled mansion and possibly subdividing the property, according to The Post. The estate is nestled on 475-feet of prime oceanfront.

Trump paid $41.35 million for the estate in 2004. He bought it from bankrupt Abe Gosman, a former healthcare magnate and Palm Beach philanthropist. The real estate tycoon poured $25 million into renovations of the home after he purchased it. When Trump initially decided to list the property, the original asking price for the mansion was $125 million. When the sale is completed, according to The Post, “it would set a record for Palm Beach [real estate], surpassing the $81.5 million paid in April for the home of billionaire businessman Sidney Kimmel.” The buyer of that home at 1236 S. Ocean Boulevard was former Goldman Sachs partner John L. Thornton. Now maybe the Donald can finally hire a new hairdresser with of all that dough.

View homes for sale in Palm Beach

Got hot local housing tips or a story you want to share? Contact Amy Le at openingdoorsblog@homescape.com.




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