government as a winter get-away for presidents, but Richard Nixon, Gerald Ford and Jimmy Carter never used it. Post, who died in 1973, bequeathed the property to the U.S. In 1969, Mar-a-Lago was designated a National Historic Landmark. Post kept the mansion after the couple’s divorce, using it to host opulent galas. Hutton, she gave the property its name - Spanish for “sea-to-lake” - because its 17 acres (7 hectares) stretch from the Atlantic Ocean to the Intracoastal Waterway. While Trump has long admitted using “truthful hyperbole” in his business dealings, he is not exaggerating when he calls Mar-a-Lago unique.īuilt in 1927 by cereal heiress Marjorie Merriweather Post and her second husband, financier E.F. It is where Trump stored government documents federal prosecutors say he took illegally after leaving office in 2021. It is also a club, private beach resort, historical artifact and banquet hall with a ballroom that features gold leaf. The 126-room, 62,500-square-foot (5,810-square-meter) mansion is Trump’s primary home. “The entire real estate community felt it was a joke when they saw that figure,” said Pulitzer, who works for the firm Brown Harris Stevens.

Homes a tenth the size of Mar-a-Lago on tiny inland lots sell for that in the Town of Palm Beach, a wealthy island enclave. “Ludicrous,” agent Liza Pulitzer said about the judge citing the county’s tax appraisal as a benchmark. He noted that one Trump estimate of the club’s value was 2,300% times the Palm Beach County tax appraiser’s valuations, which ranged from $18 million to $37 million.īut Palm Beach real estate agents who specialize in high-end properties scoffed at the idea that the estate could be worth that little, in the unlikely event Trump ever sold. Siding with New York’s attorney general in a lawsuit accusing Trump of grossly overvaluing his assets, Judge Arthur Engoron found that Trump consistently exaggerated Mar-a-Lago’s worth. (AP) - How much is Donald Trump’s Mar-a-Lago worth? That’s been a point of contention after a New York judge ruled that the former president exaggerated the Florida property’s value when he said it’s worth at least $420 million and perhaps $1.5 billion.

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