Property watchers have done a double-take after former President Donald Trump’s Mar-a-Lago estate was listed as sold on Zillow as he fights four separate indictments.
Hours after Trump was booked in Georgia on charges that he unlawfully tried to overturn the Peach State’s 2020 election results, real estate mavens noted that the Zillow listing for the sprawling Palm Beach resort indicated it had been “sold” on Aug. 4 for a whopping $422,000,000.
Although the estate does not show up on Zillow under the name “Mar-a-Lago,” its address at 1100 South Ocean Boulevard matches that of Trump’s 58-bedroom, 33-bathroom beachfront property.
The purported sell date also happened to be the day after the 77-year-old was arraigned in Washington, DC, on federal charges that he unlawfully tried to remain in power after his loss to former Vice President Joe Biden.
The Daily Express reported late Thursday that the “sale” of the property appeared to be to a company owned by former first son Donald Trump Jr. However, sources close to the scion contacted by The Post on Friday insisted that Trump Jr. had no role in or knowledge of any such transaction.
“Mar-a-Lago has absolutely not been sold nor will it ever be,” the former president’s other adult son, Eric Trump, told The Post. “This rumor is categorically false.”
By midday Friday, all references to the Aug. 4 “sale” had vanished from the Zillow listing, and the property was listed as “Off Market.”
The website SunBiz — a brand name for Florida’s Division of Corporations where local businesses are required to register — indicates that the Palm Beach resort currently belongs to Mar-a-Lago Inc., whose owner and registered agent is Donald Trump Jr.
Annual reports filed through 2022 indicate the club was operated by the Trump Organization, which lists the younger Donald Trump as president, director and chairman, among other titles. The last time Trump himself appeared as the Trump Org’s director on Mar-a-Lago’s annual report was 2016.
“I woke up this morning to numerous media reports claiming that my dad transferred ownership of Mar-A-Lago to me, and while anyone would love to be gifted one of the most beautiful properties in the entire world, it is nothing more than total and complete fake news,” Trump Jr. told The Post Friday. “A lot of media outlets should be embarrassed with themselves for running such a phony story, but we all know that most of them won’t even retract their reports because they have no shame. SAD!”
The confusion raises more questions about the former president’s finances as he seeks to win back the White House.
Trump has an estimated net worth of $2.5 billion, according to Forbes. However, his critics have long suspected he is far less liquid than that figure indicates.
When Trump surrendered to Georgia authorities Thursday night, for example, he engaged a local company to put up the cost of his $200,000 bond.
Also, while the former president’s campaign has trumpeted the amounts it raised after Trump was indicted in Manhattan on charges of falsifying business records ($10 million in five days) and by special counsel Jack Smith on charges of hoarding national security documents at Mar-a-Lago ($6.6 million in six days), it has been less forthcoming following the most recent two indictments — despite hawking shirts, mugs and koozies bearing the 45th president’s mugshot.
Earlier this month, the Associated Press reported that the White House contender’s political operation has burned through more than $42 million this year alone, with much of the money going toward covering legal costs related to the tangled web of legal woes that has ensnared Trump and his allies.
Trump bought Mar-a-Lago, built in the 1920s by cereal heiress and socialite Marjorie Merriweather Post, in 1985 for $2 million.
The Zillow listing shows that the last time the property was sold was on April 6, 1995 — the day Trump converted the residence into a members-only club.
The former president and his family still have a private residence on the grounds of Mar-a-Lago.
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August 25, 2023 at 11:36PM
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Mystery Mar-a-Lago sale notice raises questions about Trump cash flow - New York Post
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