Mansion Trump sold for $95M will be razed

Donald Trump renovated the Palm Beach estate and sold it to a Russian buyer in 2008

TRD MIAMI /
Mar.March 27, 2016 10:15 AM

The owner of a Palm Beach mansion that Donald Trump sold in 2008 for $95 million will demolish the property.

The town’s Architectural Commission approved the demolition in 4-3 vote.

Trump bought the mansion at 515 North County Road in 2004 at a foreclosure auction for $41.4 million.

Trump renovated the property and sold it in 2008 to Russian billionaire Dmitry Rybolovlev for $95 million, the biggest home sale in Palm Beach history.

It was unclear if the ownership of the property had changed since Trump sold it. The estate is still owned by County Road Property LLC, the same company that bought it from Trump.

Sources familiar with the estate told the Palm Beach Daily News it could be subdivided for redevelopment of as many as three houses.

The main house spans about 62,000 square feet. The six-acre lot has 475 feet of frontage along the ocean.

The Palm Beach estate formerly was the home of health care businessman Abe Gosman, who died in 2013. He lost ownership of the estate in foreclosure. [Palm Beach Daily News] — Mike Seemuth


Related Articles

arrow_forward_ios
Donald Trump and Mar-a-Lago Club (Credit: MANDEL NGAN/AFP via Getty Images, and iStock)

Trump’s Mar-a-Lago furloughs 153 employees

Trump’s Mar-a-Lago furloughs 153 employees
Donald Trump, Vanilla Ice and Briny Breezes (Credit: Getty Images)

Trump Town? Briny Breezes wants to sell for $1B

Trump Town? Briny Breezes wants to sell for $1B
Daily Digest Miami

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest

Missoni Baia lands massive loan, Babylon Brickell owner sells Overtown property: Daily digest
Donald and Melania Trump at the entrance way of Mar-a-Lago (Credit: Getty Images)

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors

With move to Mar-a-Lago, Trump could use Florida real estate law to protect himself from creditors
Donald Trump, and Trump National Doral Miami golf resort (Credit: Getty Images and iStock)

Trump disputes report that Doral golf resort has bedbugs

Trump disputes report that Doral golf resort has bedbugs
Daily Digest Miami

RREEF scoops up Hialeah property in largest industrial sale of SoFla this year, filling FEC water slip could cost $232M: Daily digest

RREEF scoops up Hialeah property in largest industrial sale of SoFla this year, filling FEC water slip could cost $232M: Daily digest
Donald Trump at Trump National Doral (Credit: Getty Images)

Former members of Trump Doral may have to wait decades to get their deposits back

Former members of Trump Doral may have to wait decades to get their deposits back
President Donald Trump (Credit: Getty Images, Mar-A-Lago Club)

Trump properties in Palm Beach County could get $1.5M tax bill

Trump properties in Palm Beach County could get $1.5M tax bill
arrow_forward_ios

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

Loading...