The Real Deal Miami

Russian billionaire to level $95M Palm Beach manse

May 31, 2013 01:00PM

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Russian tycoon Dmitry Rybolovlev plans to demolish Maison de L’Amitie at left

Russian tycoon Dmitry Rybolovlev plans to demolish Maison de L’Amitie at left

Russian fertilizer tycoon Dmitry Rybolovlev plans to level the $95 million Palm Beach property he bought from Donald Trump in 2008 because of mold problems, Gossip Extra reported.

The sale of the 33,000-square-foot property, dubbed Maison de L’Amitie, was the highest ever for a single-family home, netting Trump a more than $50 million profit, according to the site.

Mold has become a “Wal-Mart-size problem,” Gossip Extra wrote.

“I don’t care about the house,” Trump told Gossip Extra. “I bought it for $41 million, put in $3 worth of paint and gave it a good cleaning — and I sold it for the highest price ever for a single family home. I don’t know what he wants to do with it, and I couldn’t care less,” he said.

Rybolovlev, the billionaire owner of the A.S. Monaco Football Club, could chop up the 6.26-acre property, which includes a 475-foot-long beach, into as many as a dozen beachfront lots, the site said, citing an unnamed source. [Gossip Extra]Emily Schmall

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