Inside Trump's $28 Million Caribbean Estate
President Trump is looking to get rid of his luxurious St. Martin estate. The home, which he purchased in 2013, is called Le Château des Palmiers. It's a walled estate across nearly five acres, with both a main house and a guest house. In total, the compound has 11 bedrooms.
While the official listing states that the price is available only upon request, another listing aggregator pins the property's asking price at $28 million. Records show that it was listed for just under $20 million when Trump purchased it. According to disclosure filings obtained by the Wall Street Journal, Trump owns the property through two shell companies called Excel Venture I LLC and Excel Venture Corp II.
Trump typically uses the Caribbean escape as a rental property, and, according to the disclosure, he gets between $100,000 and $1 million a year from it. Lesley Reed of Sotheby's International Realty has the listing.
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
While the official listing states that the price is available only upon request, another listing aggregator pins the property's asking price at $28 million. Records show that it was listed for just under $20 million when Trump purchased it. According to disclosure filings obtained by the Wall Street Journal, Trump owns the property through two shell companies called Excel Venture I LLC and Excel Venture Corp II.
Trump typically uses the Caribbean escape as a rental property, and, according to the disclosure, he gets between $100,000 and $1 million a year from it. Lesley Reed of Sotheby's International Realty has the listing.
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
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