The restrictions on how the property is used, affects the market value.
Here's some back ground.
Mar-a-Lago is deed restricted as a private club. The deed itself is restricted, it can't be used for any other purpose, as such our office values it as we value the other private clubs in Palm Beach County,"
The restrictions on how the property is used, affects the market value.
Here's some back ground.
https://www.cbsnews.com/news/trump-mar-a-lago-1-8-billion-own-company-said-it-was-too-high/
Here's an appraisal Donald Trump had done 1995
https://www.documentcloud.org/documents/4332803-Clarion-1995-MAL-APPRAISAL.html#document/p17/a394146
It was valued then at 28 million.
In other words, he can stay there as a vacation spot, but can't make it his permanent address?