Trump acknowledges Russian is buyer of $100 million house


EDITOR’S NOTE: This story originally was published in the Palm Beach Post print edition on May 16, 2008, on page 2D. It was posted online on Friday, March 10, 2017.

Donald Trump on Thursday morning publicly acknowledged he has a contract to sell his Palm Beach mansion for $100 million.

Then, in a roundabout way, the billionaire real estate mogul confirmed what everyone on the island already knows: That he has sold the former Abe Gosman mansion to a Russian.

» RELATED: Trump in Palm Beach: Why did Russian pay so much for his mansion?

“I just sold a house in Palm Beach for a number of approximately $100 million,” Trump told the hosts of CNBC’s Squawk Box during a wide-ranging interview on the economy. Then, about five minutes into the interview, one of the CNBC commentators asked Trump this question: “Back in Palm Beach, I’m curious. Are you going to make the Russian who bought your house put up an American flag, like the big controversy you had with the town?”

Trump’s instant reply: “I think what I’ll do is I will demand that he puts up the American flag — and the Russian flag can fly right under it.”

» COMPLETE COVERAGE: Donald Trump in Palm Beach

Trump recently signed a contract to sell his 80,000-square-foot estate to an unnamed foreign buyer at the full asking price of $100 million, The Palm Beach Post revealed Thursday. The 6-acre estate is located at 515 N. County Road.

Trump bought the property, the former home of health-care magnate Abe Gosman, for $41.35 million in 2004, following Gosman’s bankruptcy filing. Trump then poured $25 million into a renovation. He priced the home at $125 million when he put the estate up for sale in 2006.

» MORE: Ghost mansions of Palm Beach

This year, however, Trump dropped the price to $100 million.

If the Trump deal closes, it will set a record in Palm Beach. The standing record is $81.5 million, paid in April for the home of billionaire businessman Sidney Kimmel. The buyer of that home, at 1236 S. Ocean Blvd., was former Goldman Sachs partner John Thornton.

- alexandra_clough@pbpost.com



Reader Comments ...


Next Up in Local

Authorities: pilots’ homework can prevent Trump flight violations
Authorities: pilots’ homework can prevent Trump flight violations

When motorists speed, or run a stop sign, they get a ticket. But what about those pilots that cross into no-fly zones when President Donald Trump is at Mar-a-Lago? There are consequences, authorities say. When the president visits his “Winter White House,” all air operations, with a few exceptions, are prohibited within the 10-mile inner...
Boynton library gives residents a chance to earn high school diploma
Boynton library gives residents a chance to earn high school diploma

Craig Clark found a way to stand up for Boynton Beach residents after a veto from Gov. Rick Scott. Boynton Beach’s library was one of about 20 statewide to offer residents a chance to obtain their high school diploma through the Career Online High School. It is an accredited, online, private high school...
West Palm Beach man files suit in drowning death of 3-year-old son
West Palm Beach man files suit in drowning death of 3-year-old son

A West Palm Beach man has filed suit claiming that his 3-year-old son drowned in a swimming pool last year in Fort Pierce after the boy’s stepfather fell asleep inside the home. Douglas “Dougie” Staniewicz and his stepbrother Braden Michael Geving, also 3, woke up from a nap on October 15 then walked through an unlocked sliding...
Good and bad news: What Lake Worth’s 2017 drug overdose numbers show
Good and bad news: What Lake Worth’s 2017 drug overdose numbers show

Lake Worth had 565 total drug overdoses last year — almost 100 more than the previous year — with the number of fatalities in the 70s, Lake Worth commissioners were told at Tuesday night’s meeting. “The good news is… (it) has been trending down,” said Palm Beach County Sheriff’s Capt. Todd Baer during his...
'Potentially hazardous' monster asteroid will fly close to Earth
'Potentially hazardous' monster asteroid will fly close to Earth

A monster space rock classified by NASA as "potentially hazardous" is headed towards Earth. Asteroid 2002 AJ129 – which at 0.7 miles is wider than the tallest building in the U.S. (New York's One World Trade Center) stacked on top itself – is predicted to miss our planet, according to Metro. However, it will pass relatively...
More Stories