Latest News by Industry
Is Mar-a-Lago worth $1 billion? Trump's winter home valuations are at the core of his fraud trial
How much is Donald Trump’s Mar-a-Lago worth
FORT LAUDERDALE, Fla. (AP) — How much is Donald Trump's Mar-a-Lago worth? That's been a point of contention after a New York judge ruled that the former president exaggerated the Florida property's value when he said it's worth at least $420 million and perhaps $1.5 billion.
Siding with New York's attorney general in a lawsuit accusing Trump of grossly overvaluing his assets, Judge Arthur Engoron found that Trump consistently exaggerated Mar-a-Lago's worth. He noted that one Trump estimate of the club's value was 2,300% times the Palm Beach County tax appraiser's valuations, which ranged from $18 million to $37 million.
But Palm Beach real estate agents who specialize in high-end properties scoffed at the idea that the estate could be worth that little, in the unlikely event Trump ever sold.
“Ludicrous,” agent Liza Pulitzer said about the judge citing the county’s tax appraisal as a benchmark. Homes a tenth the size of Mar-a-Lago on tiny inland lots sell for that in the Town of Palm Beach, a wealthy island enclave.