The Real Deal Miami

Eric and Don Jr. pay $18.5M for Trump sister’s Palm Beach home

Maryanne Trump Barry listed the waterfront mansion in December for $22.9M
By Katherine Kallergis | May 17, 2018 11:48AM

Maryanne Trump Barry, Eric and Donald Trump Jr. with the property at 1125 South Ocean Boulevard (Credit: Getty Images)

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.