Trump Sells $100 Million Mansion and Sets New Real Estate Record

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Real estate tycoon Donald Trump set a new record last Tuesday, as he agreed to sell his sprawling Florida mansion to Dmitry Rybolovlev, a Russian billionaire who owns Uralkali, a mining company whose net worth is said to be over $12 billion.

The 62,000 square foot mansion located at 515 N. County Road in Palm Beach, Florida, was purchased by Trump in 2004 in a bankruptcy sale for a mere $41.3 million dollars. The mansion, known as Maison de l'Amitie (The House of Friendship), features:

* Nine bedrooms
* A Ballroom
* A 100 foot long swimming pool
* A conservatory
* A 48-car garage
* Over 6 acres of property
* And 475 feet of prime oceanfront beach access

Trump sells $100 million mansion and sets new real estate record. Trump closed the deal last week by accepting a $95 million contract plus brokerage fees, which put the final sale price of the home at just over $100 million. Another $655,000 in documentary taxes was also paid on the sale. Property taxes on the home are said to be a staggering $16 million annually.

The sale of the mansion is believed to be the most expensive home ever sold inside the United States. "I love breaking records, and this is a record," Trump exclaimed to the Palm Beach Daily News.

Trump Sells $100 Million Mansion and Sets New Real Estate Record

Rybolovlev confirmed he was the buyer of Trump's Palm Beach mansion in a statement released by the Wall Street Journal.

And, according to several sources, Rybolovlev may consider tearing down the $100 million mansion to replace it with a new one.

Trump originally put the Florida mansion on the market for $125 million in 2006.

 Worth seeing some pictures of Trump $100 Million Mansion

Muhammad Siddique is Real Estate Investor for  years mostly in commercial real estate specially shopping centers, hotels, motels and recommends TRCBVideos.com to convert aticles into Videos automgaically.

 

You should follow me on twitter here or  go http://twitter.com/siddiquem

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