via The LIFE Files
Real estate tycoon Donald Trump just flipped his Palm Beach property that he purchased in 2004 for $42 million for $100 million to an unnamed purchaser. Welcome to the world of the ultra-rich who are not only unfazed by the “little peoples” housing crisis but they are now playing a hyper-higher stake game of Monopoly now that the name of the game is liquidation. Amenities include:
475 feet of oceanfront
62,000-square-foot home with nine bedrooms
Two guest houses
The 80,000-square-foot property at 515 N. County Road sits on 6 acres and has 475 feet of unobstructed oceanfront, making the price per linear foot $210,526.
In a telephone interview Wednesday, Trump would not comment on the just-signed contract except to say that the property “is the best piece of land anywhere.”
The deal reflects the still-booming mansion market in Palm Beach, a market seemingly immune to the gyrations in the residential real estate industry.
“It speaks to the absolute wonder of Palm Beach and why everybody wants to be here,” said Susan Polan, a broker associate with Illustrated Properties Real Estate of Palm Beach.