A 10,455 square feet home in Palm Beach, Florida is up for sale for more than four times the purchase price after it exchanged hands in the Trump family, Realtor.com reported.
The beach house, across from Mar-a-Lago, was first purchased by retired federal judge Maryanne Trump Barry less than 20 years ago in 2004 for $11.5 million. She tried to sell it in 2017 for $23.9 million. Either the sale fell through or she changed her mind, it's unclear, but she pulled it off the market in May 2018 and sold it to a company run by nephews, Donald Trump Jr. and Eric Trump for $18.5 million.
The siblings then renovated the property and tried to rent it for $100,000 a month throughout the course of the Trump presidency. Comparing photos of the 2017 listing it's clear that the flooring was modernized and it was repainted and wallpapered. But they're now asking a whopping $49 million for the property.
Just listed in Palm Beach, FL!! 1125 South Ocean Blvd https://t.co/8Cq18kc7uK— Eric Trump (@Eric Trump) 1614782822.0
On Zillow, 1125 South Ocean Blvd is estimated to be worth $17,882,720, which the site explains is "the best estimate of this home's market value. It is not an appraisal and it should be used as a starting point." Comparing the home to those around it, the $17.8 million estimations seem to match Zillow's estimated values of the neighbors' smaller homes as well.
The markup from the 2017 listing to the 2021 listing is $25.1 million. It's unknown if the Trump family paid that to update the property.
Palm Beach neighbors have complained that former President Donald Trump shouldn't be living at Mar-a-Lago because he signed an agreement decades ago saying that the property would never become a residence. This home is across the street from the club.