The Real Deal Miami

Ivana Trump closes Palm Beach home sale

Landmarked Mizner-style mansion sold for nearly $17 million
July 15, 2014 12:45PM

102 Jungle Road and Ivana Trump

102 Jungle Road and Ivana Trump

Ivana Trump closed the sale of her landmarked Palm Beach home about six months after putting the Addison Mizner-style beachfront property on the market.

Thomas R. Maier purchased the 102 Jungle Road mansion from Donald Trump’s ex-wife in a transaction recorded on Monday, according to Palm Beach County records. The sale price was previously reported to be $18 million, but the county’s recorded transaction value is $16.6 million. Trump paid $4.4 million for the 14,000-square-foot house in 1994.

Maier obtained a $10 million mortgage from Northern Trust Co. for the acquisition.

The nine-bedroom home was originally constructed during the 1920s. Numerous renovations and expansions were completed over the years.

Lawrence Moens of Lawrence A. Moens Associates was the listing agent. — Eric Kalis