From the South Florida Market Report: In the spring of 2008, Donald Trump managed to sell his home in Palm Beach for $100 million to Russian tycoon Dmitry Rybolovlev. But months later, the market crash and the Bernard Madoff scandal left Palm Beach County’s residential market flailing.
Over the next two years, the county would see a smattering of its typical ultrahigh-end sales, particularly in the tony community of Manalapan, but pricing and sales volume were inconsistent. [more]