Justice Arthur Engoron’s ruling raised eyebrows by valuing the former president’s Mar-a-Lago estate at $18 million when comparable lots nearby ask much more.
nypost.com
A New York judge’s Tuesday ruling valuing Donald Trump’s sprawling, headline-making Florida estate at $18 million has left industry experts perplexed.
In his verdict, Manhattan Supreme Court Justice Arthur Engoron delivered a bombshell ruling that the former president
committed fraud by inflating the value of his wealth, with details including the monetary value associated with Mar-a-Lago in Palm Beach.
This decision, which came down without a jury, has sent shockwaves through political — and real estate — circles, especially that $18 million base value for the property.
One prominent Palm Beach real estate broker, speaking on the condition of anonymity, told The Post, “It’s utterly delusional to think that property is only worth $18 million.”
The insider added, “If that property were on the market today, I would list it at around $300 million, minimum … at least. He also has the separate golf course minutes away.
To put it in perspective,
a 2-acre wooded lot at 1980 S. Ocean Blvd., just 5 minutes from Mar-a-Lago, is currently listed for $150 million.
Mar-a-Lago, situated at 1100 S. Ocean Blvd., dwarfs this lot tenfold and operates as a commercial business with around 500 members as part of the golf club.
The Mar-A-Lago
Membership Costs $200,000 and will go through a committee
Mar-a-Lago, Donald Trump's opulent private club in Palm Beach, Florida, has long been shrouded in an air of exclusivity and luxury. With Trump now a former
www.thepricer.org
FACTS... not guesses...
Remember appraised property tax values are almost ALWAYS less than what the market value is!