The Trumps are keeping it in the family.
A company controlled by Donald Trump Jr. and Eric Trump paid $18.5 million for their aunt’s waterfront Palm Beach home, property records show.
1125 South Ocean LLC, an entity the brothers created in March, financed the purchase with an $11.2 million mortgage. The lender is not yet available in Palm Beach County records.
President Trump’s older sister Maryanne Trump Barry listed the eight-bedroom, 8,270-square-foot mansion at 1125 South Ocean Boulevard with Christian Angle of Christian Angle Real Estate in December for $22.9 million. The price was raised to $23.9 million in March, which means it sold at a 22.6 percent discount. Angle declined to comment.
Barry, 81, is a former judge of the United States Court of Appeals for the Third Circuit. In 2004, she paid $11.5 million for the Palm Beach home, which was built in 1956.
Barry sold the house at 160 Woodbridge Road, near Trump’s Mar-a-Lago private club, in 2005.