Russian Billionaire Buys Trump Oceanfront Mansion
July 18, 2008
Bad housing market? What sub-prime crisis? Russian fertilizer billionaire Dmitry Rybolovlev bought Donald Trump’s 60,000 square foot, Palm Beach oceanfront mansion for $100 million.
”In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate,” Trump told The Associated Press in a phone interview.His spokeswoman says $100 million is the most ever paid for an estate in the U.S., though there is no way to verify that claim.
Russian fertilizer billionaire Dmitry Rybolovlev purchased the roughly 60,000 square-foot oceanfront home, which Trump fixed up after buying it for about $41 million in 2004.
He assigned renovations to “Apprentice” winner Kendra Todd, who dressed it up with marble and 24-karat gold fixtures, even in the bathrooms. The home, called Maison de L’Amitie, is spread over several buildings and includes separate coat closets and bathrooms for men and women off the main entryway for easy entertaining. A mammoth fountain greets guests from the front along with 475 feet of ocean in the back.
“I think it’s a great sign for the area, a great sign for Palm Beach and all that Palm Beach represents,” Trump said.
What may be an even bigger sign about the allure of the Palm Beach scene and its real estate is the fact that the new owner may have bought the property simply to demolish it. Rybolovlev, said to be one of Russia’s wealthiest businessmen. The Forbes list of the world’s billionaires places him at No. 59, with an estimated net worth of $12.8 billion.
In a statement released to The Wall Street Journalin June, Rybolovlev confirmed he was the buyer but characterized the purchase as an investment.
Sources say Rybolovlev is considering tearing down the house and building a new mansion - a move that could make the deal the most expensive teardown ever!
Well, back to earth back home, we here in the Fort Lauderdale real estate market have some prime luxury property available as well…and you won’t have to spend $60 million bucks.
The most expensive home for sale in the Fort Lauderdale real estate market is a 20,000 square foot home located in the Rio Vista neighborhood.
La Maison Blanche, (the White House), bears a striking resemblance to its Washington D.C. counterpart. This home is thought of as the grandest intracoastal point estate.
It is situated on what is basically a peninsula bordered on 3 sides with almost 900 feet of waterfront. This palatial mansion sits on over 1.5 acres. The home is just to die for.
It has 11 bedrooms, 12 full bathrooms and 5 half bathrooms and is impeccably decorated complete with a theater.
The home is located at 1818 SE 10th St in Fort Lauderdale and is listed at the bargain price of $28,500,000.00
Take a virtual tour of this home.
If you are in the market for a luxury mansion and don’t want to spend $60 Million, please give me a call or drop me an email. I have plenty more reasonable luxury homes to show you.
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If you are interested in learning more about buying a home or condo in Fort Lauderdale or anywhere in South Florida; or if you need any information about the Fort Lauderdale real estate market, please feel free to contact me and it would be my pleasure to assist you.You can contact me at the number shown below or please feel free to contact me by the form below and I, or one of my assistants, will be sure to get right back to you within a few hours, if not sooner.
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Robin Sing-Cunningham
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Access USA Realty
Local Fort Lauderdale | South Florida : 954-709-7461
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