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.
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...