Donald Trump Find Buyer For $100M Palm Beach Mansion (PHOTOS)

An oceanfront Palm Beach mansion Donald Trump owns is under contract for sale to an unnamed foreign buyer for $100 million - the property's official asking price - according to sources close to the billionaire real estate mogul.

The 80,000-square-foot property at 515 N. County Road sits on 6 acres and has 475 feet of unobstructed oceanfront, making the price per linear foot $210,526.

In a telephone interview Wednesday, Trump would not comment on the just-signed contract except to say that the property "is the best piece of land anywhere." The deal reflects the still-booming mansion market in Palm Beach, a market seemingly immune to the gyrations in the residential real estate industry.

"It speaks to the absolute wonder of Palm Beach and why everybody wants to be here," said Susan Polan, a broker associate with Illustrated Properties Real Estate of Palm Beach.

The unnamed buyer is considering tearing down the recently remodeled mansion and possibly subdividing the property, according to sources. Although bulldozing an 80,000-square-foot luxury estate might seem bizarre for the average homeowner, it's nothing new for ultra-rich buyers willing to pay huge sums for precious oceanfront property.

Trump paid the fire-sale price of $41.35 million for the estate in 2004.

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The mansion has, 6 acres, 475 feet of oceanfront, 62,000-square-foot home with nine bedrooms, Ballroom, Media room, Wine room, Art gallery, 4,100-square-foot conservatory, Two guest houses, 48-car garage

Comments

[castlerider]

I would've loved to been the Realtor on that deal. Whew!

[Vyvjala]

When is Rosie suppose to move in?.............

[UnbiasView]

It's not a farm . . .

[avraamjack]

.
You dropped a zero on the price per linear foot calculation.
.

[LiberalBuzz]

WHAT? NO Spaceport?

What a rip.

[JScott]

But perhaps it'll be public beach after a hurricane hits it.

[JScott]

Too bad an enviro group could have bought it, tear it down and turn it into public accessible beach.

[UnbiasView]

The would mean any of the people associated with the said "enviro group" would have to have money which is hard to do without a real job.

[MIKEBC]

DONALDS NEW TOWER IN VEGAS LOOKS GREAT!

[anastasiabeaverhousen]

One would almost have to tear it down. Short of pressure washing the inside, how would you ever get the stench of human filth (i.e., Trump) out of the house?

The bathroom will reek of hairspray for years to come - just as a result of the massive combovers that have occurred there.

[sssteverrr]

What a giant piece of excrement. These people, the Trumpets of the world, are absolutely, certifiably insane. Don't buy into their delusions. Owning this house or having the money to buy it would not make you any happier than you are today, I guarantee it. Happiness is free, it is within your grasp. Let go of desire. stop grasping and you will see.

[ShawnMichel]

You're preaching to the deluded, my friend.

Most people (sheeple) in this country--and by most I mean 99%--would look at these photos and drool. They're brainwashed and spiritually corrupted, and your words will mean nothing to them. In fact, they will just laugh you off, call you 'kook' and 'new ager' and 'socialist' and all the other words their indoctrination centers (schools) have taught them to hurl at ones such as you (and me).

There is a light at the end of the tunnel. It's called Peak Oil. Not long from now, disgusting places like these will be seen for what they are ... disgusting. Cruel economics will wake the sheeple up, not you, not I.

Trump is a corrupted soul. That he--that anybody--needs, or wants, or in any way finds his little Palm Beach spread desirable says all you need to know about him.

(And you, the person reading this.)

[jukesgrrl]

And when the new owner tears it down, will the parts be recycled? I didn't think so. I guess we should count ourselves lucky if the garbage isn't thrown in the ocean.

[Sundialsvc4]

Sweet deal for somebody. But it looks to me like yes, there's a whole lot of "This Old House" to do. The person who built that mansion, originally, did not seem to have much taste. But "The Donald" certainly got his 110% out of it. Nice volley!

[aj4321]

Two words - "Global Warming" - this mansion will look amazing underwater in about 20 years.

[truthyguy]

Hey, People. Don't believe the Bullshit Artist Trump until you see the contract. I guaranty you there is some funny money in the price somewhere. Like the price is being paid by only a small portion in cash and the rest secured only by the property and is to be paid after development and resale of the subdivided lots. That may not be it. But there is something Mr. BS isn't saying.

[Agentlady007]

He certainly knows how to make a profit. Classy guy.

[vandegrasse]

Trump sucks
http://youtube.com/watch?v=XAeBcyJIz20

[Manuel]

Piece of cake!. It is so nice to see the Europeans getting their feet wet with PB real-estate.

Manuel

[WIpatriot]

Well, la-ti-friggin'-da!

[gcallaghan]

The longer the buyer stretches out this deal, the fewer euros he or she pays.

[kellygrrrl]

sad but true