LOADINGERROR LOADING Donald Trump’s best shot at a fast property sale would be to put his prized Mar-a-Lago estate on the market, according to a real estate expert.The former president was ordered last month to pay more than $350 million in damages plus interest for engaging in decades of fraudulent business activities.Advertisement
Trump has appealed the decision; to prevent the seizure of his assets, he must post a $464 million bond by Monday’s deadline. His lawyers said in a court filing this week that he doesn’t have the cash, and Trump complained on his social media platform, Truth Social, that “I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices,” in order to afford it.According to Bess Freedman, CEO of luxury real estate firm Brown Harris Stevens, Trump has almost no chance of selling a property by Monday. But his Palm Beach, Florida, home presents the “best-case scenario” for a quick sale, she said.“I think the valuation is something in the hundreds of millions, and I think there could be a buyer for something like that,” she told CNN’s Erin Burnett on Tuesday.Burnett noted that, with a $240 million valuation, Mar-a-Lago would still only provide about half of what Trump needs to meet his bond. Advertisement
Asked how she would approach Trump’s dilemma, Freedman suggested he needs to look at all his real estate assets, evaluate their values and get them on the market.“I’m sure there’s interest. I mean, look, Jeffrey Epstein’s mansion sold in New York City,” she said. “Took some time, they had to cut the price, but there was somebody that was willing to buy that.”Trump has claimed Mar-a-Lago is worth $1.5 billion. The actual value of the property has long been a source of debate; Forbes estimated a value of $325 million in October.Support HuffPostOur 2024 Coverage Needs YouYour Loyalty Means The World To UsAt HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as little as $2 to keep our news free for all.Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since you last contributed, we hope you’ll consider contributing to HuffPost once more.Support HuffPostAlready contributed? Log in to hide these messages.RelatedDonald TrumpEx-GOP Lawmaker Spots ‘Badddddd Sign’ For Trump Hidden In Latest Numbers Ex-Labor Secretary Delivers Stark ‘Hitler’s Playbook’ Warning Over Trump Tim Scott’s Totally Confusing Trump Pitch On Fox News Is Mocked On Social Media …
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Trump has appealed the decision; to prevent the seizure of his assets, he must post a $464 million bond by Monday’s deadline. His lawyers said in a court filing this week that he doesn’t have the cash, and Trump complained on his social media platform, Truth Social, that “I would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices,” in order to afford it.According to Bess Freedman, CEO of luxury real estate firm Brown Harris Stevens, Trump has almost no chance of selling a property by Monday. But his Palm Beach, Florida, home presents the “best-case scenario” for a quick sale, she said.“I think the valuation is something in the hundreds of millions, and I think there could be a buyer for something like that,” she told CNN’s Erin Burnett on Tuesday.Burnett noted that, with a $240 million valuation, Mar-a-Lago would still only provide about half of what Trump needs to meet his bond. Advertisement
Asked how she would approach Trump’s dilemma, Freedman suggested he needs to look at all his real estate assets, evaluate their values and get them on the market.“I’m sure there’s interest. I mean, look, Jeffrey Epstein’s mansion sold in New York City,” she said. “Took some time, they had to cut the price, but there was somebody that was willing to buy that.”Trump has claimed Mar-a-Lago is worth $1.5 billion. The actual value of the property has long been a source of debate; Forbes estimated a value of $325 million in October.Support HuffPostOur 2024 Coverage Needs YouYour Loyalty Means The World To UsAt HuffPost, we believe that everyone needs high-quality journalism, but we understand that not everyone can afford to pay for expensive news subscriptions. That is why we are committed to providing deeply reported, carefully fact-checked news that is freely accessible to everyone.Whether you come to HuffPost for updates on the 2024 presidential race, hard-hitting investigations into critical issues facing our country today, or trending stories that make you laugh, we appreciate you. The truth is, news costs money to produce, and we are proud that we have never put our stories behind an expensive paywall.Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That’s why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we’ll bring you hard-hitting investigations, well-researched analysis and timely takes you can’t find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.Contribute as little as $2 to keep our news free for all.Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?Dear HuffPost ReaderThank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since you last contributed, we hope you’ll consider contributing to HuffPost once more.Support HuffPostAlready contributed? Log in to hide these messages.RelatedDonald TrumpEx-GOP Lawmaker Spots ‘Badddddd Sign’ For Trump Hidden In Latest Numbers Ex-Labor Secretary Delivers Stark ‘Hitler’s Playbook’ Warning Over Trump Tim Scott’s Totally Confusing Trump Pitch On Fox News Is Mocked On Social Media …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]