Remember when a judge tried saying Mar-a-Lago was worth $18 million?
NYP — A rare, undeveloped Palm Beach parcel has hit the market with a staggering $200 million price tag, cementing its place among the priciest listings in the country.
Located just five minutes from President Donald Trump’s Mar-a-Lago, this 2-acre South Florida property is the only available vacant lot in the area boasting both ocean and Intracoastal frontage, according to Shelly Newman of the Corcoran Group.
“In Palm Beach proper, there are only approximately 20 properties that expand from ocean to intracoastal, and this property is one of those few exclusive parcels,” Newman told The Post, adding that the chance to build from the ground up makes this listing a “once-in-a-lifetime” opportunity.
Newman says location, location, location is the prime reason for the sky-high price tag.
“If I had to find reason it would be the increased attention to Palm Beach, the fact that there is the recent Manalapan property asking $285 million, and the alleged Lauder deal is close to $200 million,” Newman said.
CNN — A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%.
That finding, part of shocking ruling that found Trump and his adult sons liable for fraud, was just one of multiple examples in which Judge Arthur Engoron found the Trump real estate empire to have been grossly inflated in value.
But the Mar-a-Lago finding in particular is raising eyebrows among real estate and legal experts because of the metric Judge Engoron relied on: the county tax assessor’s appraisal value.
“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.
The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”
NYP — A rare, undeveloped Palm Beach parcel has hit the market with a staggering $200 million price tag, cementing its place among the priciest listings in the country.
Located just five minutes from President Donald Trump’s Mar-a-Lago, this 2-acre South Florida property is the only available vacant lot in the area boasting both ocean and Intracoastal frontage, according to Shelly Newman of the Corcoran Group.
“In Palm Beach proper, there are only approximately 20 properties that expand from ocean to intracoastal, and this property is one of those few exclusive parcels,” Newman told The Post, adding that the chance to build from the ground up makes this listing a “once-in-a-lifetime” opportunity.
Newman says location, location, location is the prime reason for the sky-high price tag.
“If I had to find reason it would be the increased attention to Palm Beach, the fact that there is the recent Manalapan property asking $285 million, and the alleged Lauder deal is close to $200 million,” Newman said.
CNN — A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%.
That finding, part of shocking ruling that found Trump and his adult sons liable for fraud, was just one of multiple examples in which Judge Arthur Engoron found the Trump real estate empire to have been grossly inflated in value.
But the Mar-a-Lago finding in particular is raising eyebrows among real estate and legal experts because of the metric Judge Engoron relied on: the county tax assessor’s appraisal value.
“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.
The judge noted Trump valued Mar-a-Lago at between $426.5 million and $612 million, “an overvaluation of at least 2,300%, compared to the assessor’s appraisal.”