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It certainly doesn’t come cheap . . .
Former US president and property tycoon Donald Trump (75) has put his Palm Beach property on the market for a whopping $59 million (R908m).
The spectacular Florida beachfront mansion features 768 square metres of living space as well as prime beach frontage and an outdoor swimming pool.
The new owner will also gain full access to the neighbouring Mar-a-Lago golf club, owned by the former US president.
The two-storey Bermuda-style home boasts eight bedrooms and 11 bathrooms with American flag artwork in the living room.
Trump bought the property for $18,5m (R284m) through one of his companies in 2018 from his sister Maryanne Trump Barry, a retired federal judge, who had owned the house since 2004.
At the time his son Eric Trump, who handled the business deal, told Mansion Global in a statement that it was a “great honour to have purchased one of the finest mansions in Palm Beach”.
Built in 1956, the home has undergone several renovations and currently boasts marble floors, floor-to-ceiling windows, multiple living areas, a formal dining room, a library and an oceanfront balcony.
The town of Palm Beach, set on the east coast of Florida, has long been a haven for America’s rich and famous.
For all his wealth, Donald is facing several niggly monetary worries. According to Forbes magazine he will need to pay more than $730m (R11,2 billion) of debt in the next three years, including a $100-million (R1,5-billion)) loan on Trump Tower in New York City.
In 2023 and 2024 he will owe an additional estimated $353m (R5,4bn) on various properties, which could be a significant financial burden should he try to run for presidential office again, Forbes reports.
Sources: nypost.com, mansionglobal.com, thehill.com
