Trump property next to Mar-a-Lago hits market for $49M; buyer will have access to the club

March 4, 2021

A sprawling Palm Beach waterfront property linked to former President Donald Trump has hit the market for $49 million, Fox Business reports.

The property, sitting directly next to Mar-a-Lago’s Beach Club, is owned by a limited liability company tied to the Trump Organization, the family’s business entity, according to property records obtained by the news outlet.

It was last sold in May 2018 for about $18.5 million to the limited liability company, the property records indicate. The company’s mailing address also matches that of the The Trump Organization in New York City, records show.

Now, the eight-bedroom home, spanning roughly 10,455 square feet, is being listed by Lawrence Moens of the Lawrence A. Moens brokerage, according to the Palm Beach Daily News. The home includes a formal living room, a sunroom, a family room, a library, and a balcony with ocean views, according to the local news source.

There is also a patio and swimming pool on the property, which is more than six-tenths of an acre and has 194 feet of beachfront, the Palm Beach Daily News reports. What’s more, the newest homeowners will get certain privileges, including free membership to The Mar-a-Lago Club.

The home is being advertised as an “exclusive listing,” although it doesn’t mention any ties to the Trump family. The listing is described as “a well-known and very important oceanfront estate” that will be readily available for interested homeowners by late spring.

Trump purchased Mar-a-Lago for $10 million in 1985 from the estate of Marjorie Merriweather Post, the owner of General Foods. The 126-room mansion had deteriorated after her death in 1973, when she left it to the U.S. government as a possible presidential vacation home. The government gave it back in 1981.

However, in the early 1990s, the estate was turned into a private club that would be limited to 500 members, including the former president. The initiation fee is now $200,000 and annual dues are $14,000, Fox Business notes.

Research contact: @FoxBusiness

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