Foreign Property News | Posted by Zarni Kyaw
Donald Trump’s Palm Beach estate is returning to the market for rent, asking about $195,000 per month, or $2.3 million a year, The Real Deal has learned.
Trump has rented the property at 1125 South Ocean Boulevard before. It borders the eastern side of his Mar-a-Lago Club,where he lives. It marks the most expensive home on the market for rent on the island.
A company controlled by Donald Trump Jr. and Eric Trump bought the 10,455-square-foot, eight-bedroom mansion from the former president’s sister, retired federal judge Maryanne Trump Barry, in 2018. The company paid $18.5 million for the oceanfront home, which includes about 8,300 square feet of interior space.
Margit Brandt of Premier Estate Properties has the rental listing. Brandt previously listed the home for rent asking $2.5 million a year. She declined to comment.
The mansion is included as one of Donald Trump’s assets, according to his latest financial disclosure, filed last week.
The property generates between $1 million and $5 million a year in rent, and is valued at more than $50 million, the report shows. Trump, who is running for president again, flew to New York late last month for his indictment, tied to his alleged role in a hush money payment to a porn star weeks before the 2016 presidential election. He was back at Mar-a-Lago that evening.
The house for rent next door to Mar-a-Lago is known as the Beach House. It was built in 1956 on a nearly half-acre lot with 200 feet of beachfront and a pool. It comes with weekly housekeeping, landscaping and pool services, according to the listing.
Trump is looking to rent the property out to an annual tenant. It has been rented out over the years for periods as short as about six months during the height of the Palm Beach season, which typically ends in April or May.
It’s been rented to Trump’s family friends, members and guests of Mar-a-Lago and other VIPs, according to sources familiar with the listing.
Ref: Donald Trump’s Palm Beach estate is back on the market for rent at $195K a month (therealdeal)
