Buyer makes 50% profit on Trump’s childhood home

Miami /
Mar.March 25, 2017 12:00 PM

From the New York site: The recent buyer of President Donald Trump’s childhood home in Jamaica Estates flipped the place for $800,000 more than he paid three months ago.

Michael Davis paid $1.3 million for the Tudor-style home at 85-15 Wareham Place in December. This week he sold it for $2.1 million, a profit of just over 50 percent, the New York Post reported.

The previous owners originally listed the home for $1.7 million, but then slashed the asking price for $1.2 million. They then pulled it from market just before the election. Following Trump’s surprise win, there were predictions the place would sell for significantly more. Luxury broker Dolly Lenz said at the time the house was believed to have grown as much as 10 times in value. But it ultimately sold for $1.25 million — just slightly above the previous listing price.

The home features five bedrooms, four bathrooms, a paneled study, a finished basement and a five-car garage, according to the listing. [NYP]Miriam Hall


Related Articles

arrow_forward_ios
535 North County Road (Palm Beach Property Appraiser)

Oceanfront Palm Beach spec mansion hits the market, asking record $140M

Oceanfront Palm Beach spec mansion hits the market, asking record $140M
President Donald Trump with Melania Trump and Mar-a-Lago (Getty)

Florida representative wants Mar-a-Lago shut down following maskless NYE party

Florida representative wants Mar-a-Lago shut down following maskless NYE party
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)

South Florida’s pandemic-fueled residential market poised for bull run in 2021

South Florida’s pandemic-fueled residential market poised for bull run in 2021
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)

Kate Ford’s Palm Beach estate sells for $55M

Kate Ford’s Palm Beach estate sells for $55M
Background photo: Hannukah reception in 2019, Getty; President Donald Trump via gdizzle99/Instagram, inset

Real estate players celebrate Hanukkah at Trump’s White House party

Real estate players celebrate Hanukkah at Trump’s White House party
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Donald Trump and the Trump National Doral golf course (Getty, Trump Hotels)

In the rough: Trump’s golf clubs and resorts have lost $315M

In the rough: Trump’s golf clubs and resorts have lost $315M
Donald Trump (Credit: Win McNamee/Getty Images)

Newly uncovered trademarks show Trump’s Cuba real estate aspirations

Newly uncovered trademarks show Trump’s Cuba real estate aspirations
arrow_forward_ios

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

Loading...