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American Focus > Blog > Celebrities > Donald Trump Has Hurt The Palm Beach Housing Market
Celebrities

Donald Trump Has Hurt The Palm Beach Housing Market

Last updated: April 21, 2025 9:31 am
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Donald Trump Has Hurt The Palm Beach Housing Market
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A Trump-Adjacent Property Listed at a Reduced Price of $13.9 Million

A luxurious property just a short drive from Trump’s estate is now on the market for $13.9 million, below its original purchase price of $14 million in 2023, as reported by Zillow.

Initially listed for $15.2 million when it was first listed on January 11, 2024, the price was gradually reduced to $14.95 million on April 9, 2024, and further dropped to $13.9 million on June 26, 2024.

Constructed in 1959, this stunning 5-bedroom, 6.5-bathroom home spans over 4,875 square feet and is situated on a spacious 16,500+ square foot lot. The property boasts generous rooms and modern amenities including dual bathrooms in the primary suite, a wet bar, 1,000 bottle wine storage, a full house generator, and an air-conditioned 2-car garage.

The backyard serves as a private oasis with a large, heated saltwater pool and a covered dining area, perfect for entertaining guests.

Juan Castro, a Redfin Premier agent based in Orlando, Florida, commented in a press release: “Luxury homes are currently taking 30-45 days to sell, a longer timeframe compared to 2022 when they were selling rapidly. International cash buyers continue to drive activity, however, there has been a slowdown in local buyers due to the challenges of upsizing to a luxury home with a 7 percent mortgage rate.”

See also  Kanye West 'Facing Extinction Amid Power-Players' Takedown'
TAGGED:BeachDonaldhousingHurtmarketPalmTrump
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