Despite the weak housing market, Donald Trump has recently sold the Palm Beach estate he bought for $US41.35 million in 2004 for $100 million (he came down from $125 million).
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.
However, the new owner, billionaire and Russian fertilizer tycoon Dmitry Rybolovlev, is actually considering tearing down the mansion and possibly subdividing the property, according to sources.
Mr. Trump, 59 years old, originally paid $41 million for the property in 2004 in an auction from bankrupt Abe Gosman and hired Kendra Todd at the conclusion of â€œThe Apprenticeâ€ to oversee a $25 million renovation project.
The redo resulted in a 62,000-square- foot mansion with nine bedrooms, marble bathrooms, a 100-foot long pool. a ballroom, a conservatory and a 48-car garage.
When he put the estate up for sale in October 2006, it was the most expensive property listed for sale in the United States at the time. Source