Trump buys mansion adjacent to family winery

New York /
Sep.September 27, 2012 02:00 PM

Donald Trump yesterday purchased the mansion on the Kluge estate in Charlottesville, Va., the Washington Post reported. The real estate magnate had already owned the vineyard, Trump Winery, and other land on the estate.

In a video on the Trump Winery’s website, Eric Trump details the extent of his family’s renovations to the winery since acquiring it nearly a year ago.

“Now we’ve got to find out what’s next,” Eric Trump told the Post.

There are several options, including converting the estate’s land into a golf course, converting the house into an inn or flipping it, along with up to 500 acres of land, while keeping the vineyard in operation.

The $6.5 million price paid for the mansion marks a significant discount. Patricia Kluge, who received the whole property in the wake of her divorce from the late media mogul John Kluge, defaulted on her loans. Bank of America held a $22.8 million mortgage for the mansion and bought it back for $16 million.

The 23,000-square-foot home has 45 rooms, eight of which are bedrooms and 13 of which are bathrooms. There’s also a private chapel and a helicopter landing pad. It’s located down the road from Monticello, President Thomas Jefferson’s historic estate. [Washington Post] — Zachary Kussin


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Trump International Hotel D.C. and Donald Trump (Getty, Trump Hotels)
Trump could profit $100M in DC hotel sale
Trump could profit $100M in DC hotel sale
Donald Trump (Getty)
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Prosecutors probing disparities in Trump Org property valuations
Prosecutors probing disparities in Trump Org property valuations
Prosecutors probing disparities in Trump Org property valuations
Republicans are more likely to move to blue states if there are no mask or vaccine mandates (Getty)
Republicans game to live in blue states — unless there’s a Covid mandate
Republicans game to live in blue states — unless there’s a Covid mandate
Donald Trump, Trump International Hotel D.C. and CGI Merchant Group CEO Raoul Thomas (Getty, CGI)
CGI Merchant Group to pay $375M for Trump’s DC hotel
CGI Merchant Group to pay $375M for Trump’s DC hotel
“Not going to jail” Texas broker heads to prison for Capitol riot
“Not going to jail” Texas broker heads to prison for Capitol riot
“Not going to jail” Texas broker heads to prison for Capitol riot
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...