The deed now has a number of restrictions which make the property undevelopable.
Who, in their wildest, brainless nightmare, would want to develop Mar A Lago?
Ever been? It’s an irreplacable jewel - you could not build anything like it or even get the materials today.
Only an idiot would suggest developing it.
You've posted the same thing several times now. What's your purpose?
to which the answer is SO WHAT?
It was a deal between private parties. None complained, none brought suit. All loans were paid back. And if local Florida government entities had a problem, they could easily re-value the property, could have taken Trump to court at any time over the past decades, or changed their tax laws.