Foreign Property News | Posted by Hnin Ei Khin
President Donald Trump is a real-estate mogul.
Not only does his company own more than $2 billion in real estate across New York City, Washington, DC, Chicago, San Francisco, and other major US cities, he also has more than $122 million in personal real estate along the Atlantic, according to Forbes estimates.
In June 2019, Trump sold his personal property out west, a 5,395-square-foot Tudor-style mansion in Beverly Hills, for $13.5 million, reported Jack Flemming for The Los Angeles Times.
That leaves Trump's real-estate portfolio of eight properties now spanning three states and one Caribbean Island. And while impressive, it's just a fraction of his overall net worth — an estimated $3.1 billion.
Here's a look through Trump's real-estate portfolio. All property values were estimated by Forbes as of February 2019.
1.New York: Before moving to the White House, Trump's main residence was the $57 million penthouse in Trump Tower.
Trump reportedly has claimed that the penthouse is 33,000 square feet, but city records indicate that it's actually only 10,996 square feet, per Forbes.
It's located on New York City's Fifth Avenue and overlooks Central Park.
2. When Trump wants to get away from city life, he has his 39,000-square-foot mansion in Bedford, New York. The home is called Seven Springs.
The mansion is located about 45 miles north of New York City. It sits on 213 acres and reportedly boasts an indoor pool encased in marble, 60 rooms, 12 baths, two servant wings, and a bowling alley, according to The New York Times and New York Daily News.
3. Virginia: Trump owns two houses in Sterling, Virginia, near the Trump National Golf Club in Washington, DC, worth a collective $1.5 million. 4. Florida: Trump also owns homes in Palm Beach, Florida, worth a collective $25 million.
They're technically valued at $36 million, meaning Trump has an estimated $11 million worth of debt on them, according to Forbes. The 20-acre estate of Mar-a-Lago is often called "the Winter White House," Business Insider previously reported.
It has 128 rooms and spans the entire width of the island Palm Beach is located on, stretching from the Atlantic Ocean to the Intercoastal Waterway.
After being elected president, Trump reportedly raised Mar-a-Lago initiation fees from $100,000 to $200,000.
5. St. Martin: The US isn't the only country where Trump personally owns real estate — he also has a beachfront estate getaway, known as Le Château des Palmiers, in the West Indies.
Trump reportedly bought the property at an undisclosed price in 2013 from a businessman friend, according to Forbes. It boasts nine bedrooms, 12 full bathrooms, a heated pool, a fitness center, a tennis court, and an outdoor bar, Town & Country reported.
Ref: Property Report
