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A Palm Beach property once owned by Donald Trump sells for close to $140M
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A Palm Beach spec house built on a site once owned by former President Donald Trump is in contract to sell for close to its $140 million asking price, according to a person familiar with the transaction. If the deal closes, it would make the house one of the most expensive ever sold in the U.S.
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The price falls just shy of the national record for a single-family home: the $165 million paid by Amazon Chief Executive Jeff Bezos last year for a Los Angeles estate. Hedge fund manager Ken Griffin holds the record for the most expensive condo ever sold in the U.S. for his $238 million deal for an apartment at 220 Central Park South in New York.
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The Palm Beach property was only on the market briefly, having listed for $140 million a few weeks ago. Located in one of the wealthy community's toniest enclaves, it is directly adjacent to a mansion owned by billionaire businessman Nelson Peltz, records show.