Although the word “replay” is mostly used to describe a repeat of a play video in sports, it occasionally applies to real estate that has been pulled from the market after a long run without selling and then reintroduced at a later date.
Such is the case with US President Donald Trump’s first mansion that was his entry into owning a string of some of the most glamorous homes in the world.
Trump was only 35 when he and his first wife, Ivana, purchased their starter mansion — a 5.8 acre home on a peninsula in Greenwich, Connecticut for $4 million.
The timing was good, because they were decorating their new Plaza Hotel purchase in Manhattan at the time and Ivana was able to use many of those materials to glam up the Connecticut mansion. That included a king’s ransom of gold leaf, which was applied to moldings and freely throughout the residence.
He later bought Albemarle with a 23,000-square-foot home, vineyard and winery on 2,000 acres in Virginia for $12.7 million, a fraction of the original asking price of $100 million. It is now a Bed & Breakfast B&B) known as Albemarle Estate at Trump Winery with daily room rates ranging from the upper $300s to $700s.
Reaching to California, he expanded to a six-bedroom, 10,400-square-foot home on Rodeo Drive in Beverly Hills. Trump’s Number 1 trophy home is still his Mar-A-Lago mansion and resort for the ultra wealthy in Palm Beach — that he purchased in 1985 for $10 million — which has become his “Florida White House”.
Newly back on the market is Trump’s first mansion, at its 2016 price of $45 million, reduced from the $50 million original ask, in 2010.
The current owners purchased the mansion from Ivana, who won it in her and Donald’s divorce in 1991. They immediately set about toning down much of the glitz and expanded the property, by adding a tennis court, indoor lap pool, sauna and a 4,000-square-foot addition with guest suites.
The 19,773-square-foot Georgian Colonial main house and guest house have eight bedrooms, 13 baths, a three-story rotunda foyer with double grand staircase, formal rooms and views of Long Island Sound.
Awaiting its next Greenwich billionaire resident, Donald Trump’s former Connecticut mansion, with major additions, six waterfront acres and a private boat dock is on the market at $45 million.
The listing agent is Tamar Lurie of Coldwell Banker in Greenwich, Connecticut.
Courtesy of www.topten realestate.com.