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Trump Sells $100 Million Mansion and Sets New Real Estate Record
butterflylister
7/22/2008
Trump Sells $100 million mansion and sets new real estate recordReal estate tycoon Donald Trump set a new record last Tuesday, as he agreed to sell his sprawling Florida mansion to Dmitry Rybolovlev, a Russian billionaire who owns Uralkali, a mining company whose net worth is said to be over $12 billion.

The 62,000 square foot mansion located at 515 N. County Road in Palm Beach, Florida, was purchased by Trump in 2004 in a bankruptcy sale for a mere $41.3 million dollars. The mansion, known as Maison de l'Amitie (The House of Friendship), features:

  • Nine bedrooms
  • A Ballroom
  • A 100 foot long swimming pool
  • A conservatory
  • A 48-car garage
  • Over 6 acres of property
  • And 475 feet of prime oceanfront beach access

Trump sells $100 million mansion and sets new real estate recordTrump closed the deal last week by accepting a $95 million contract plus brokerage fees, which put the final sale price of the home at just over $100 million. Another $655,000 in documentary taxes was also paid on the sale. Property taxes on the home are said to be a staggering $16 million annually.

The sale of the mansion is believed to be the most expensive home ever sold inside the United States. "I love breaking records, and this is a record," Trump exclaimed to the Palm Beach Daily News.

Trump Sells $100 Million Mansion and Sets New Real Estate Record

Rybolovlev confirmed he was the buyer of Trump's Palm Beach mansion in a statement released by the Wall Street Journal.

And, according to several sources, Rybolovlev may consider tearing down the $100 million mansion to replace it with a new one.

Trump originally put the Florida mansion on the market for $125 million in 2006.

 

Trump Sells $100 Million Mansion and Sets New Real Estate Record

Trump Sells $100 Million Mansion and Sets New Real Estate Record

 

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