Now Playing
K99.1FM
Last Song Played
New Country
On Air
No Program
Now Playing
K99.1FM
Last Song Played
New Country

real estate

200 items
Results 31 - 40 of 200 < previous next >

Trump’s former $95 million mansion to be torn down

Trending on Facebook

More popular and trending stories

An oceanfront mansion Donald Trump sold to a Russian billionaire for $95 million in 2008 is going to be torn down.

The demolition of the estate, which was the largest single residential sale ever in Palm Beach, Florida, was approved this week.

>> PHOTOS: Former Trump estate

Long before he became the 2016 Republican presidential front-runner, Trump purchased the mansion in 2004 at a foreclosure auction for $41.4 million. He then renovated the property before selling it to fertilizer mogul Dmitry Rybolovlev in July 2008, five months before the Great Recession hit Palm Beach.

The Architectural Commission green-lighted the demolition in a 4-3 vote.

Commissioners were not given specifics about what is being planned at the property, which measures 6 acres with 475 feet of oceanfront views.

But sources familiar with the estate told Palm Beach Daily News that it may be subdivided and redeveloped into two or three houses.

The main house encompasses about 62,000 square feet. Outbuildings bring the total square footage to 81,738, according to property records.

>> Read more trending stories  

Landscape architect Lynn Bender told the board that once the demolition was complete, the lot would be resodded until plans for it were finalized. Only the perimeter walls, fences, access gates, columns and small portion of main entry driveway will be retained. A fountain at the main entrance also will be removed.

Known as Maison de L’Amitie, the estate was the longtime home of the late health care magnate Abe Gosman, who lost it in foreclosure. Gosman died in 2013.

Over the past several years, the estate was among the disputed assets in contentious divorce proceedings, stemming from 2009, between Rybolovlev and his ex-wife, Elena. Last June, a Swiss judge reduced her $4.8 billion payout to about $604 million, but the couple reportedly settled for an undisclosed amount said to be close to $1 billion. Details were also not disclosed about whether ownership of the house had changed.

Commissioners discussed the project for about 25 minutes Wednesday. Newly-elected chairman Richard Sammons recused himself from the agenda item because of conflict, although he did not provide specifics as to why.

Anthony Mauro, of Mauro Brothers LLC, spoke on behalf of the owner’s representatives at the meeting.

A carriage house built in the 1930s is the oldest building on the property. The French provincial-style main house, finished by Gosman in 1988, has one story and a basement. “The house is in relatively good shape,” Mauro said.

Commissioner Michael Small said he was given a tour. “It truly is an exquisite property,” he said.

Mauro said there are a number of people interested in buying it.

Vice Chairwoman Ann Vanneck voted against the demolition. After the vote she explained that in demolition cases, commissioners usually are given an itemized list of trees that will be affected by the demolition with corresponding photos. Applicants typically include a notation for each plant listed as to whether plans call for it will be left in place, relocated or removed.

Florida mega-mansion Le Palais Royal hits market again for $159M

Trending on Facebook

More popular and trending stories

A massive Florida mansion dubbed Le Palais Royal is back on the market for a whopping $159 million.

According to Forbes, the 60,500-square-foot Hillsboro Beach home is the second highest-priced listing in the nation, behind the $195 million Gemini compound in ManalapanThe Palm Beach Post reported in September 2014 that the 4 1/2-acre property includes an 11-bedroom, 17-bathroom main house; 465 feet of ocean front; a 492-foot dock that can accommodate a 185-foot yacht; and an underground garage with parking for more than 30 cars. It also boasts the first-ever IMAX Theater contracted for private use, featuring a 50- by 27-foot screen and seating for 18.

>> PREVIOUS STORY: $139M Florida mansion becomes most expensive listing in U.S.

>> PHOTOS: Florida mansion Le Palais Royal relisted for $159M

>> Read more trending stories

The Palace of Versailles-inspired estate was originally offered for $139 million last year but was taken off the market, the Wall Street Journal reports. Project manager Joseph Leone, who has been working on the home for seven years, told WSJ that the owner, Middlesex Corp. founder Robert Pereira, decided to hold off on listing the property until the main house was nearly complete. Pereira also is building two guest houses on a smaller adjacent lot that will include an underground entertainment center with a go-kart course, ice-skating rink, bowling alley and nightclub, Leone said.

The new listing agent is Mayi de la Vega of One Sotheby's International Realty. 

>> Click here to see photos of the home

One of America’s priciest residences, $159 million,  is now listed by One Sotheby's International Realty.  The Wall Street Journal has the scoop: http://on.wsj.com/1PCNrogPosted by One Sotheby's International Realty on Wednesday, November 11, 2015

Dr. Oz just bought this $18 million mansion

Trending on Facebook

More popular and trending stories

Television personality and heart surgeon Dr. Oz and his wife are evidently behind the purchase of Louwana, a landmarked house built in 1919 that changed hands last week via an $18 million deed, according to records filed with the Palm Beach County Clerk’s Office.

A three-year $5 million mortgage on the beachfront house bears the signatures of Mehmet C. Oz, better known simply as Dr. Oz, and his wife, author and television host Lisa Oz, courthouse records show.

>> Read more trending stories 

The 12-bedroom, 12,483-square-foot house has four fireplaces, a guest house, a cabana, a tennis court, a three-car garage and extensive gardens, according to its sales listings. There are also original Mizner details including a “Scheherazade” stairway, cypress ceilings and original blue octagonal tile floors and walls in the upstairs master bathroom. Louwana sits on a 1.2-acre lot with 150 feet of oceanfront, a little more than a half-mile south of the Palm Beach Country Club.

The house has a more informal floor plan, with almost all of the rooms capturing ocean views.

Dr. Oz has been a longtime visitor to Palm Beach, where his wife’s family has vacationed for decades, according to a story published several years ago in Palm Beach Life. Property records show Lisa Oz’s parents, Dr. Gerald and Emily Jane Lemole, own two houses on the island.

“Louwana is in a great location. It’s a charming, beautiful house,” said Cristina Condon, a Sotheby’s International Realty agent who said a confidentiality agreement prevented her from discussing the sale, the seller or the buyer.

Condon initially listed the house in early 2008 at $30 million. In 2013 the property was priced at $22 million. The house had been under contract since last year, said Condon. She didn’t provide a reason for the prolonged closing process.

“Every notable visitor or resident of Palm Beach either stayed or was entertained there over the years,” said historian Augustus Mayhew.

The town granted the house landmark status in 1980.

200 items
Results 31 - 40 of 200 < previous next >