Hello and thank you for being a DL contributor. We are changing the login scheme for contributors for simpler login and to better support using multiple devices. Please click here to update your account with a username and password.

Hello. Some features on this site require registration. Please click here to register for free.

Hello and thank you for registering. Please complete the process by verifying your email address. If you can't find the email you can resend it here.

Hello. Some features on this site require a subscription. Please click here to get full access and no ads for $1.99 or less per month.

Mar-a-Lago: how much is it really worth?

And is it a resort or a private home?

Offsite Link
by Anonymousreply 26February 10, 2024 5:32 PM

Nothing. The state of Florida is a cesspool

by Anonymousreply 1October 10, 2023 12:48 AM

Could it become the next BAPS Swaminarayan Akshardham? I mean, there's Robbinsville, NJ, but then there's Mar-a-Lago (now with more Hindus!).

by Anonymousreply 2October 10, 2023 1:30 AM

Zillow says $24,260,800.00.

Offsite Link
by Anonymousreply 3October 10, 2023 1:37 AM

Giv en the Post legacy is all but evaporated because of the current disgusting occupants, its honestly worth land-value only. Its a tear-down.

by Anonymousreply 4October 10, 2023 1:41 AM

It is a members only club, for purposes of property taxes and local zoning.

by Anonymousreply 5October 10, 2023 1:47 AM

There are quite a few restrictive covenants on the property from when it was converted to a club by Trump. It can’t be torn down and it can’t be a private residence. It’s not even on the beach, you have to cross Ocean Blvd to get to the beach.

by Anonymousreply 6October 10, 2023 1:54 AM


by Anonymousreply 7October 10, 2023 2:01 AM

It's worth a Big Mac, a can of coke, and a stick of chewing gum

by Anonymousreply 8October 10, 2023 2:13 AM

R6 doesn’t know how beach access works in Palm Beach. It does have direct and full beach access. That is all.

by Anonymousreply 9October 10, 2023 2:17 AM

Certainly NOT 1.6 billion.

by Anonymousreply 10October 10, 2023 2:20 AM

The whole state of Floriduh smells like mold, chlorine, and putrid FARTS, so go figure what that bloated gas bag's hang out smells like.

by Anonymousreply 11October 10, 2023 2:21 AM

R6 has it right, excepting for it becoming a private residence. It can, but the valuation then goes way up.

Trump is such a cheapskate he won't own it as a residence. And you know he's deducting every expense of running as a club despite that he lives there and it's his official domicile.

I think the problem is resolved by the County of Palm Beach assessing it at the stated US$1.6B for tax purposes.

by Anonymousreply 12October 10, 2023 2:22 AM

I hope he owes back taxes on his newly revalued properties.

by Anonymousreply 13October 10, 2023 2:27 AM

I would imagine Mar A Lago is easily one of the most expensive properties in all of Palm Beach — not as big as the land Ken Griffin has amassed, but it’s in an amazing location (Intracoastal waterway on one side, with sunset views, and ocean front on the other) and the actual home which was formerly Marjorie Meriwether Post’s is an iconic landmark. Zillow may say $24 million but that’s wrong . In Palm Beach, $24 million gets you a very very nice mansion on one of the midtown streets or more prestigious areas north of town proper.

by Anonymousreply 14October 10, 2023 2:41 AM

It’s on a sinkhole full of cockroaches.

by Anonymousreply 15October 10, 2023 3:01 AM

$26M is what Trump the property tax assessment says it is worth, because it is zones as a club, not a residence. That is a very important distinction. In fact, Trump himself claimed it was worth only $18M so he can pay less property taxes. You can't put one value on your taxes and then another value on your loan application to your bank. It is called F-R-A-U-D.

by Anonymousreply 16October 10, 2023 3:39 AM

That’s not quite what the issue is here, but you tried R16 The lowball number is the assessed valuation, not a market valuation. But the point being that Trump was continually trying to push down the assessed value while at the same time pushing up the market value for bank financing—in this case a 2000% (!) difference. Even accounting for how assessed values are calculated (they are never set at the current or recent sale price) that is an extraordinary difference. That’s where the fraud comes in.

by Anonymousreply 17October 10, 2023 4:07 AM

R9, at Mar a Lago, you have to park at the club and walk across Ocean Blvd to get to their beach club where as the competing, and much tonier, Bath and Tennis Club next door is all on the beachside of Ocean Blvd.

by Anonymousreply 18October 10, 2023 5:42 AM

I bet it was worth a helluva a lot more when it came with dozens of boxes of State Secrets.

by Anonymousreply 19October 10, 2023 6:41 AM

Having no bias or not knowing much about real estate that property must be worth half a billion dollars. It's prime real estate. Trumpo shouldn't have fooled around with the evaluations. At the end, it wasn't mafia stuff that got Al Capone, it was his finances.

by Anonymousreply 20October 10, 2023 6:57 AM

r20, the most expensive house ever sold in the US sold for $238 million, which is considerably less than half a billion. And that didn't come with the various negatives that accrue to a Trump property - a place that is not even a residence. (It is listed as a private club). Historic properties generally come with problems, such as plumbing that is subpar, poor HVAC, and inadequate wiring for modern use of electricity. I would say that it is worth more than $25 million, but certainly no more than $50,000,000. People paying more than that would like direct beach access, not having to cross a major road to get to the beach.

by Anonymousreply 21October 10, 2023 10:13 AM

The hyphens are each worth $2.99.

by Anonymousreply 22October 10, 2023 11:00 AM

Strange that the Trumps haven't bought or built a palatial private home down there. Are they planning to escape justice?

by Anonymousreply 23October 10, 2023 11:02 AM

The ketchup stained walls certainly lowers the value.

by Anonymousreply 24October 10, 2023 11:04 AM

Easily could go for $100 million, maybe $150 for Palm Beach. But I'd say it's worth at least $100 million do to the size of the home and lot.

by Anonymousreply 25February 10, 2024 5:30 PM

Land value only

by Anonymousreply 26February 10, 2024 5:32 PM
Need more help? Click Here.

Yes indeed, we too use "cookies." Take a look at our privacy/terms or if you just want to see the damn site without all this bureaucratic nonsense, click ACCEPT. Otherwise, you'll just have to find some other site for your pointless bitchery needs.


Become a contributor - post when you want with no ads!