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Florida Ocean Front Home of Donald Trump Sold to Russian Billionaire

donald trump florida home

The Photo above of The Palm Beach Florida Home previously owned by Donald Trump
It originally belonged to Abraham Gosman, a millionaire who owned health care properties across the country until he went bankrupt. In a 2004 auction, Trump snapped up the property from Gosman's Chapter 7 Bankruptcy Estate for $41 million, according to property records.

Trumps original asking price was $125 Million. The purchase price was $95,000,000.00

Donald Trump purchased the Estate in 2004 for $41 Million. $25 Million in renovating expenses for the Estate went to Kendra Todd who beat out her competitors on Trumps reality television show "The Apprentice." It took two years to renovate and another two years in marketing for the sale in 2008.

The 6 1/4 acre estates features a colonial style mansion with marble floors, mahogany doors and trim, custom interior skylights and a full-sized ballroom for luxury entertainment. Special security features include bullet proof windows and custom alarm systems. The property sits on it's own 475 foot long beach on the Atlantic Ocean. There are over 20 bathrooms, dozens of bedrooms and a basement garage for over 50 cars. Records show that Trump paid about $980,000 in real estate taxes annually when he owned the home.

It was most recently sold to Dmitri Rybolovlev, a Russian billionaire. The purchase price was $95,000,000.00 which is currently claimed to be the most expensive transaction for a single family home in South Florida.

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 125 Million Dollar Florida Home Sold by Donald Trump