I saw Eric’s post and thought, eh, a billion for Mar-a-Lago? I don’t know the ins and outs of real estate but this was my takeaway… The mansion is listed at 62k square feet and sits on 17 acres of ocean front property. Just a quick glance at the going rate of homes in the surrounding area a conservative price of 3500 a square foot seems reasonable for the house itself.
When you consider that .25 acre lots are up for sale for 1.7 million I know I’m on the low end of 2 million an acre for the land. At that point just a lowball value sits somewhere near 250mil and that doesn’t include value based on membership, name recognition, the fact that it’s all one enormous chunk of property etc… I would say a billion is probably exaggerated but it’s probably way into the 9 digits.
Take into account that it is owned and lived in by the greatest president of all time and you reach the billion mark.
That and it used to be a secondary white house and contains such security features
It cannot be compared to other individual properties in the area. It is a superb, luxury, custom estate resort on the largest piece (for the area) of contiguous land with ocean frontage and ocean views from two directions. The buildings have extremely high value interior design elements, furnishings, drapes, wallpapers, lighting, flooring, rugs, etc. The extensive and well-maintained exterior landscaping, enormous pool, multiple tennis courts and tennis club, pool cabanas, separate homes at the extremities of the grounds, the extensive parking, exterior lighting, fountains, mature palms, flowers, and gardens are splendid and built with a 'price is no object' guiding principal.
It also has been the Winter White House, the home of a famous actress and the most popular President of the United States. The name alone is world famous.
It truly has no equal in the market.
This. There are no true comps. He trumps all of them.
Putting a value on Mar-a-lago is kind of like putting a value on Babe Ruth's rookie card - It's value is whatever someone would be willing to pay for it and how much it would take to convince the current owner to sell. Example - how much did Musk pay for Twitter? 44-billion. No way it's assets where worth that much...but that's what it took for him to buy it. As far as a bank giving a loan against it as collateral - that's on the bank to figure out what they're willing to lend.
Twitter could be worth way more if Elon wanted to go into the blackmail business. All that data, all those DMs...
How do you put a price on an icon of freedom?
The place is priceless.
I bet if you throw in the LAVISH accompaniments and upgrades and over-the-top "who would ever need or even THINK of something like this" stuff ... it'd increase in value, as well. There ARE NO COMPARABLES anywhere near the place. That's a HUGE part of determining a home's market and taxible value.
Trump loves gold, so you can bet there's a small country's GNP worth of gold leafing in there, alone.
Did you see the post with the listed comps? Pretty straightforward.
https://truthsocial.com/@EricTrump/111134100207809882
Not sure of the value of Mar-a-Lago, but it's more the just the average house it has nothing to compare too, it's Historical, also know as the Winter White House.
Any of y’all think this is related to the suppression in price of pm’s? Just spitballin here, but think about it. We all know GEOTUS is the gold man and to be honest, you hardly ever hear of Eric saying much, not like Don Jr anyway but he seemed pretty pissed about this situation. Why? Why is he so upset over their opinion and that’s all it is not to mention all the negative heat he caught after that post on Twitter/X whatever. My take was this was comms directly related to price suppression on the real money. Or I could be wrong.
How do you put a value on an ultimate status symbol?
And, Eric might know some appraisal data not publicly available.
He probably knows the square footage, tunnels, and "other amenities" underground. I'd put money on there being escape tunnels, panic buildings, and other similar things that won't be public.
He definitely does. They have to have appraisals done probably on a quarterly or semi annual basis. It's not a number they just come up with out of thin air.
As someone who works in valuation, the improvements alone might be worth $200 million, excluding the land value. The land and income would be supplementary, for me 1b fmv is probably reasonable just based on back of the envelope calculations.