Real estate mogul and larger-than-life TV personality Donald Trump is reportedly selling his Palm Beach home for more than double his buy price of four years ago.
Sources close to the magnate say an unnamed foreign buyer is under contract to buy his 80,000 square-foot home, reports The Palm Beach Post.
Trump paid $41.35 million for the six-acre, oceanfront spread on North County Road in 2004.
The deal easily exceeds the former record for Palm Beach property. Goldman Sachs partner John L. Thornton paid $81.5 million for a home on South Ocean Boulevard in April.
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Trump declined to confirm the deal or the price, which is lower than his original asking price of $125 million.
According to the Post, the unnamed buyer might tear down the mansion and subdivide the property.
It has been razed and rebuilt several times in its long history. It changed hands as recently as 1985 for a tenth of Trump’s reported price. Leslie Wexner, CEO of Limited Brands, bought it for $10 million and tore down the original estate, the Post reported.
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