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A brand-new Palm Beach mansion has hit the market for $45 million, offering the buyer the opportunity to become a close neighbor of Donald Trump and receive a deeded membership to the former president’s exclusive club.
Located at 1090 South Ocean Boulevard, this impressive 13,000-square-foot property features six bedrooms and eight and a half bathrooms.
The three-story residence sits on approximately half an acre of land, boasting stunning oceanfront views and private beach access.
Additional amenities of the house include a gym, sauna, steam room, spa, walk-in wine cellar, jacuzzi and lap pool, according to the listing agency Luxury Portfolio International.
Most intriguingly, the owner will enjoy a complimentary membership to former President Trump’s private club, Mar-a-Lago, located just a two-minute walk from the mansion.
A brand-new Palm Beach mansion has hit the market for $45 million, offering the buyer the opportunity to become a close neighbor of Donald Trump and receive a deeded membership to the former president’s exclusive club
Located at 1090 South Ocean Boulevard, this impressive 13,000-square-foot property features six bedrooms and eight and a half bathrooms. Pictured: One of the property’s living spaces
The three-story residence sits on approximately half an acre of land, boasting stunning oceanfront views and private beach access. Pictured: Main bedroom
Additional amenities of the house include a gym, sauna, steam room, spa, walk-in wine cellar, jacuzzi, and lap pool, according to the listing agency Luxury Portfolio International.
The lavish home has not been constructed yet, according to the agency’s website, where it says the anticipated completion is fall 2025.
‘The property offers true resort-style living including impressive health and wellness amenities within the home,’ the listing says.
Listing agent Margit Brandt referred to the house as an ‘exceptional home’ featuring ‘superior architectural design and attention to detail’.
The home is also conveniently located just steps away from numerous fine dining establishments owned by Michelin-starred chefs, as well as high-ranked schools in the area.
On the real estate website Zillow, the listing has garnered thousands of views and has been saved more than 200 times since it was listed in January.
The lavish home has not been constructed yet, according to the agency’s website, where it says the anticipated completion is fall 2025
‘The property offers true resort-style living including impressive health and wellness amenities within the home,’ the listing says. Pictured: the property’s kitchen with a hug island counter
Listing agent Margit Brandt referred to the house as an ‘exceptional home’ featuring ‘superior architectural design and attention to detail.’ Pictured: One of the property’s living spaces
The three-story residence sits on approximately half an acre of land, boasting stunning oceanfront views and private beach access. Pictured: another living room
The $45 million mansion boast six bedrooms and eight and a half bathrooms
At the price of $45 million for the finished residence, the platform estimates that a mortgage on the single-family house will be around $282,000.
Palm Beach, which sits about 72 miles north of Miami, is one of the richest neighborhoods in Florida.
Millionaires and billionaires are flocking to the Florida coast to escape high-tax and Democrat-run states of California and New York.
Eye-watering prices shelled out by ocean-side homeowners in Palm Beach even dwarf the cost of living in other well-known celebrity magnets, such as San Francisco where the median price of a family home is $1.6 million.
In September 2023, the median sale price for single-family homes in Palm Beach hit $14 million – a 117 percent year-on-year increase, according to national real estate brokerage Redfin.
Prices have risen by 7.7 percent over last year to reach a median sale price of $599,000 for a family home.
This is markedly more than other more northerly Florida hotspots like Orlando, where the median price is $425,000 – a more modest increase of 1.9 percent over the past year, which is less than the 3.7 percent inflation rate.
The record for the most expensive home sold in Palm Beach was set in April, when luxury car dealer Michael Cantanucci paid $170 million for a 1.6-acre oceanfront mansion.
A judge at Donald Trump’s fraud trial stated last year that Mar-a-Lago is worth no more than $27 million, suggesting that the former president had overvalued the property by 2,300 percent.
Millionaires and billionaires are flocking to the Florida coast to escape high-tax and Democrat-run states of California and New York. The house will be completed by fall 2025
At the price of $45million for the finished residence, the platform estimates that a mortgage on the single-family house will be around $282,000
Most intriguingly, the owner will enjoy a complimentary membership to former President Trump’s private club, Mar-a-Lago, located just a two-minute walk from the mansion
A judge at Donald Trump’s fraud trial stated last year that Mar-a-Lago is worth no more than $27 million, suggesting that the former president had overvalued the property by 2,300 percent
Trump’s Mar-a-Lago is difficult to value accurately because there are no other properties like it in Palm Beach
These statements stirred great controversy considering that numerous transactions in Palm Beach this year have involved properties far smaller than Mar-a-Lago fetching sums far greater than the judge’s valuation.
Trump’s Mar-a-Lago is difficult to value accurately because there are no other properties like it in Palm Beach.
Built for Marjorie Merriweather Post and completed in 1927, it occupies a lot far larger than any other properties.
A similar development in the area would be impossible today as Mar-a-Lago was before planning laws were introduced.
Crucially, deed restrictions also mean it must also maintain its club use, so it would be incredibly difficult for a buyer to turn the entire property into a private residence.
But realtors say that restriction is nowhere near enough to bring the valuation down to the tax assessor’s range. A new owner could maintain a private residence there, just like Trump does, while still operating the club.
