search

The Real Deal Logo

Trending

“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanVictor Sigoura picks up site of failed West Chelsea condo for $87MVictor Sigoura picks up site of failed West Chelsea condo for $87M
Politics
South Florida

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

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

Sign Up for the undefined Newsletter

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.

Tags
Donald TrumpPalm BeachPolitics