Mansion Trump sold for $95M will be razed

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, Eric Trump and Donald Trump Jr with 1125 South Ocean Boulevard (Premier Estate Properties, Getty)
Trump’s Palm Beach estate listed for rent asking $208K a month
Trump’s Palm Beach estate listed for rent asking $208K a month
A photo illustration of prominent guests at the Witkoff wedding (via Instagram)
Nuptials Mar-a-Lago style: Donald Trump, Don Peebles, Barry Sternlicht among real estate elite at Witkoff wedding
Nuptials Mar-a-Lago style: Donald Trump, Don Peebles, Barry Sternlicht among real estate elite at Witkoff wedding
Donald Trump and Grant Cardone (Cardone Enterprises)
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
Presidential surprise: Donald Trump kicks-off Grant Cardone’s 10X Growth Conference
Donald Trump and The Mar-a-Lago Club in Palm Beach (Getty Images, LoopNet, iStock/Illustration by Steven Dilakian for The Real Deal)
Trump’s toilet triumph: Guests of the former No. 1 will have more places to go No. 2
Trump’s toilet triumph: Guests of the former No. 1 will have more places to go No. 2
Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
Fontainebleau Miami Beach, Jeffrey Soffer and former President Donald Trump (Ebyabe/Wikipedia, Getty, iStock)
Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
Gil Dezer (Photos by Sonya Revell)
The Closing: Gil Dezer
The Closing: Gil Dezer
Brad Parscale and 2319 Desota Drive (Getty, Google Maps)
Brad Parscale, ex-Trump campaign manager, sells Fort Lauderdale home
Brad Parscale, ex-Trump campaign manager, sells Fort Lauderdale home
arrow_forward_ios

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

Loading...