Donald Trump’s stunning Mar-a-Lago estate is worth $282 million more than the $18 million valuation it received from a Manhattan judge who found the ex-president liable for fraud, a Palm Beach real estate agent said.
Democrat Arthur Engoron valued the sprawling 50-acre Florida estate at just $18 million in a surprise ruling that said the former president had inflated the value of his wealth.
Engoron used a Palm Beach Assessor appraisal that ranged the 128-room property from $18 million to $28 million between 2011 and 2021. It was valued at $160 million by Forbes in 2018, and in an appraisal at $350 million. March 2022.
And one area relator said it’s probably worth more than $300 million, with Trump himself estimating the property could be worth as much as $700 million. He criticized the judge today, saying it is “worth 100 times more than he values it.”
The formal assessment does not take into account fair market value — or explain how Trump’s estate has only increased in value by $8 million since he bought it for $10 million 38 years ago.
Donald Trump’s Mar-a-Lago estate is a 128-room mansion in one of the most sought-after locations in Florida
Donald Trump’s stunning Mar-a-Lago estate is worth $282 million more than the $18 million valuation it received from a Manhattan judge who found the ex-president liable for fraud, a Palm Beach real estate agent said
Trump’s loyal supporter Marjorie Taylor Green wrote on
“The Democrats are so jealous of President Trump’s extraordinary success that they will do anything to destroy him, even arming judges against him and his extended family.
‘Mar-a-Lago is located in the premier location in Palm Beach County on 20 BEAUTIFUL waterfront acres, spectacularly constructed.
‘Not to mention the fact that it functions as one of the most exclusive clubs in the world.
‘The value of Mar-a-Lago is much more than real estate and buildings, beautiful ones too, it is one of the many extremely successful companies of Trump, who values it extremely high!
“That Democrat-activist judge wouldn’t be able to tell his a** from a hole in the ground.”
So said a prominent real estate agent in Palm Beach The New York Post: ‘It is completely delusional to think that real estate is worth only $18 million.’
“If that property were on the market today, I’d list it at a minimum of $300 million…at least. He also has the quaint golf course just minutes away.”
Democrat Arthur Engoron valued the sprawling 50-acre Florida estate at just $18 million in a surprise ruling that said the former president had inflated the value of his wealth
Mar-a-Lago, pictured last August
A two-acre parcel located just minutes from Mar-a-Lago is currently for sale for $150 million. Many have therefore wondered how Trump’s house – which is ten times larger – could be worth 157 percent less.
Yesterday, Judge Engoron ruled that Trump committed years of fraud in building the real estate empire that catapulted him to fame and the White House, after prosecutors accused him of inflating real estate valuations at lenders and reporting them to the tax authorities reduced.
In response, the former president told Truth Social that it was “a very sad day for the New York State justice system.”
“Today’s ruling on a company that has done fantastic work for New York State ignores the fact that murder and all other forms of violent crime have reached record levels in New York State,” he wrote.
“Can you imagine judging me for doing perfect business and still letting people rage on the sidewalks of New York?
“This is the judicial behavior that forces thousands of businesses to flee New York for other locales, while virtually none return to the city or state.”
The civil trial will begin in October and could last until the end of the year as Trump continues to lead the Republican presidential nominee.
Tuesday’s ruling came in a civil lawsuit filed by James, even as Trump faces multiple criminal charges in multiple jurisdictions related to his election efforts and other matters.
Last year, she filed a lawsuit alleging numerous acts of fraud. Lawyers representing Trump and his company, as well as his adult children, asked the judge to dismiss the case for summary judgment.
The Mar-a-Lago Club, home of former US President Donald Trump
A two-acre parcel located just minutes from Mar-a-Lago is currently for sale for $150 million. Many have therefore wondered how Trump’s house – which is ten times larger – could be worth 157 percent less
James discovered that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his wealth with the paperwork used in closing deals and securing financing.
She said he has increased valuations by as much as $2 billion, boosting the value of signature assets including the Mar-a-Lago club where he now resides and his Manhattan penthouse apartment in Trump Tower.
The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest rejection yet of Trump’s carefully coiffed image as a wealthy and savvy real estate mogul turned political powerhouse.
In addition to merely bragging about his wealth, Trump, his company and key executives repeatedly lied about it in his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found.
The tactic crossed a line and broke the law, the judge said, rejecting Trump’s claim that a disclaimer on the financial statements would absolve him of any wrongdoing.
Prosecutors in Manhattan had considered filing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state.
Engoron’s ruling, in a phase of the case known as summary judgment, resolves the main claim in James’ lawsuit, but six others remain.