Skip to comments.Real Estate Insiders Bewildered by Judge’s $18M Valuation of Trump’s Mar-a-Lago: ‘Would list at $300M’
Posted on 09/27/2023 1:37:51 PM PDT by Macho MAGA Man
A New York judge’s Tuesday ruling valuing Donald Trump’s sprawling, headline-making Florida estate at $18 million has left industry experts perplexed.
In his verdict, Manhattan Supreme Court Justice Arthur Engoron delivered a bombshell ruling that the former president committed fraud by inflating the value of his wealth, with details including the monetary value associated with Mar-a-Lago in Palm Beach.
This decision, which came down without a jury, has sent shockwaves through political — and real estate — circles, especially that $18 million base value for the property.
One prominent Palm Beach real estate broker, speaking on the condition of anonymity, told The Post, “It’s utterly delusional to think that property is only worth $18 million.”
The insider added, “If that property were on the market today, I would list it at around $300 million, minimum … at least. He also has the separate golf course minutes away.”
Engoron’s verdict holds Trump, 77, along with his family and his business empire, the Trump Organization, liable for fraud — a central allegation in New York Attorney General Letitia James’ lawsuit against the defendants.
In a 35-page judgment, Engoron sided with James, asserting that Trump had made unequivocally false statements in official documents to secure favorable terms with financial institutions.
Notably, Trump’s claims, such as his triplex penthouse in Trump Tower being 30,000 square feet when it was closer to 11,000, were also described by Engoron as “fraudulent” given their significant discrepancies.
However, the ruling raised eyebrows when Engoron, a Democrat who ran unopposed in the general election on Nov. 3, 2015, evaluated the worth of Trump’s prized Mar-a-Lago Club resort at $18 million, ruling that the property was inflated by 2,300%.
(Excerpt) Read more at nypost.com ...
i wonder what the real estate assessment says.
I’m kind of curious how someone in black robes gets to value property.
Do they teach that in Law school?
They will dismantle Trump’s business dealings before he can appeal. The process is the punishment.
Never seen so much animosity in my life. Malicious prosecution through and through.
Because the judge is a partisan commie HACK that’s why..Mar A Lago is freakin HUGE to say its worth 18 million is an absolute JOKE..you have houses here in LA in the calabasas area that are around 3,000 square feet going for 5 mil but Mar A Lago is only worth 18 mil please
Doesn’t this just prove that if you have properties and you have the wrong political leanings that the govt can do whatever the hell they want to you?
Man, we are totally screwed. The left is running rough shod over everyone and everything with zero consequence.
Real Estate Insiders Bewildered by Judge’s $18M Valuation of Trump’s Mar-a-Lago: ‘Would list at $300M’
They aren’t bewildered at all.
Everyone knows exactly what is going on.
It’s lawfare, with the collusion of the bench.
Democrat ‘judges’ don’t have to follow the law.. they’re often goons and thugs too,.
$18 million for Mar A Lago?
I found 18 buyers in 5 minutes today at the golf club.
The deed now has a number of restrictions which make the property undevelopable.
That’s why the Judge gave Trump 10 days to turn everything over.
The evaluation of the judge stating that Mar-A-Lago is worth $18 million is fraudulent!
judge enmoron is a commie hack
political persecutions are his specialty
not real estate valuations
this is a show trial
They are moving to sell off his stuff quickly, so he won’t have the funds to do another run.
By next month, he might not have anything.
For tax purposes there should be a public on-the-record valuation of that property. This would be independent of anything Trump said. Seems like that would be a controlling number until the property changed hands at which case the property would be re-assessed for tax purposes.
The value is what a buyer and a seller agree to, not what a government official assigns.
If the judge says it’s $18M, then it’s $18M. Now Trump has to appeal that ruling. That new valuation will be tied up in court for months if not years. SMFH
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.