Donald Trump House Hunts in a Surprising Place—Which Home Will He Pick?

donald trumpTasos Katopodis / Stringer / Getty Images

Is the 45th president house hunting in Florida?

Once his term in the White House ends in January, Donald Trump and wife Melania may be looking to secure a new home base in Palm Beach, FL, according to Page Six.

Apparently the Trumps have been shopping for a megamansion in the area, and poking around at private schools for their teen son, Barron.

Wait a minute! They already have a crash pad in Palm Beach: the private quarters within Mar-a-Lago, a club Trump purchased in 1985. Why don’t they just move in there? Well, per an agreement Trump made with the the town of Palm Beach, Mar-a-Lago, as a social club, does not allow anyone to live there permanently—even its owners.

So while the couple may stay at Mar-a-Lago for a bit, they’ll need to search for permanent digs elsewhere, and they’ll have plenty of family in the area.

Ivanka Trump and Jared Kushner have already ventured south to purchase a 2-acre plot on Indian Creek Island, which is known as Billionaires Bunker. Plus, Palm Beach and its environs are popular with many bold-faced names, including star QB Tom Brady and his wife, supermodel Gisele Bündchen, and the billionaire Carl Icahn.

But which home in Palm Beach will the Trumps pick? Here are five homes for sale we’ll bet they’ll consider since they tick all the P boxes: posh, palatial, and presidential.

1341 S. Ocean Boulevard, Palm Beach

Price: $110,000,000

1341 S. Ocean Blvd.

realtor.com

The swankiest spot available right now is also the most expensive, at nine figures. But it’s worth every penny to look out over the ocean and then pad down to your own pristine white-sand beach every morning with your coffee.

At more than 28,000 square feet, this massive two-story Mediterranean estate features seven bedrooms, nine full baths, and six half-baths, as well as miles of marble in multiple rooms. There’s also a guest cottage, stunning pool, exercise room, elevator, plus a security system and gatehouse for the Secret Service to set up shop.

___

Watch: This Is Where Donald Trump Grew Up–and You Can Stay There, Too

___

1330 S. Ocean Boulevard, Palm Beach

Price: $56,500,000

1330 S. Ocean Blvd.

realtor.com

If the Trumps are willing to trade the ocean for lesser waters, they can head right across the street to this listing. For half the price, the famous couple can make do with six bedrooms and seven baths spread over nearly 16,000 square feet of living space.

At just 4 years old, this contemporary abode sits on about 2 acres and comes completely furnished. There’s also a private dock, deeded beach access, and gorgeous lanai overlooking the pool.

520 Island Drive, Palm Beach

Price: $52,900,000

520 Island Drive

realtor.com

This mansion is a bit smaller than the others, but it sports two docks on either side of the house and direct access to the Intracoastal Waterway. The president and his family will enjoy six bedrooms and nine baths, take in the views from the balcony, and paddle around in the heated saltwater pool.

But the best part just might be the bonus loot that comes with the asking price. The right bidder for this property, which is called Lago-a-Lago (Lake to Lake), will also be the owner of $2,000,000 worth of furniture and art.

101 Seminole Avenue, Palm Beach

Price: $37,500,000

101 Seminole Ave.

realtor.com

Perhaps a classic Palm Beach home is more to the Trumps’ taste? This Mediterranean-style manse with a barrel tile roof oozes old-world charm, though it was built in 2007.

Mature palms surround the lovely pool and spa, while soaring ceilings highlight huge windows opening to lush lawns. The property sits on just over a half-acre and features six bedrooms, seven baths, a wine room, and deeded ocean access.

120 Jungle Road, Palm Beach

Price: $35,000,000

120 Jungle Road

realtor.com

Lastly, a home with real history. Built nearly 100 years ago, this gated estate with seven bedrooms and seven baths has been completely restored with every modern amenity, including a sound system, wine storage, and chef’s kitchen. Other luxe details include a huge home gym, billiard room, sun-drenched public rooms, and a palatial master suite.

The post Donald Trump House Hunts in a Surprising Place—Which Home Will He Pick? appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

Inside Sarah Jessica Parker and Matthew Broderick’s Windfall Real Estate Sale: What It Means for NYC

Sarah Jessica Parker and Matthew BroderickBruce Glikas / Contributor / Getty Images

Sarah Jessica Parker and husband Matthew Broderick aren’t just one of New York City’s most famous couples, they also know how to make a killing in Big Apple real estate.

Want proof? They’ve just sold their fancy downtown Manhattan townhouse on Charles Street for $15 million—more than five times what they paid for it about 20 years earlier.

According to Mansion Global, the stars of “Sex and the City” and “Ferris Bueller’s Day Off” bought the three-story building in 2000 for $2,995,000. Built in 1905, the townhouse was originally a multifamily property, and required an enormous renovation to transform it into a single-family home for this power couple and their three children.

Sarah Jessica Parker’s former home is a brick-and-brownstone combo.

Google Street View

“And even after the initial gut renovation, the couple has continued to update the property using the best architects, so the condition is impeccable,” says Dolly Lenz, a real estate agent at the eponymous firm in New York City. “And the celebrity attached to the house will continue to have a positive impact on its value.”

“The return on investment for this home is really significant, and while each buyer has their own taste when they renovate, this townhouse is nothing short of ‘Sex and the City’ chic,” says Sara Burack, a real estate agent with Nest Seekers in New York City.

___

Watch: Mel Brooks and Anne Bancroft’s Former Home Is No Joke

___

In fact, although they netted a fivefold profit on the place, Lenz surmises that figure could have been higher had they wanted to hold out.

“They could have waited for more, given the premier location on one of the best blocks in the West Village,” Lenz says. “It remains the hottest neighborhood in New York City.”

Charles Street in NYC’s West Village is both leafy and luxurious.

Patrick Corbett

What Sarah Jessica Parker and Matthew Broderick’s home sale means for NYC

Pulling in millions for a townhouse is common enough in the Manhattan real estate world, but because the coronavirus has crushed the market for most of the past year, does this sky-high price bode well for future city sales?

“Yes—any big-ticket sale right now is certainly a positive takeaway for the Manhattan market,” says Jennifer Lenz, a real estate agent at Dolly’s firm. In fact, she adds that even though winter is generally a slow time for New York City real estate transactions, brokers continue to see signs that the luxury realm is making a comeback as many savvy buyers are itching to make deals.

“Major real estate players are constantly watching the market and are striking now as long-term owners want to make a shift with their investments,” adds Burack.

Scott Harris, a real estate agent with Brown Harris Stevens, says the market bottomed out more than a month ago.

“But the luxury end of things is doing better year over year already, and there are myriad signs of stabilization everywhere,” he adds.

And that could be great news for Parker and Broderick, since their NYC real estate roots run wide and deep. Along with a sizable Hamptons footprint, they also have a pair of townhouses on West 11th Street, which they snapped up in 2016 for $34.5 million.

Why townhouses are prized in a pandemic

This celebrity sale speaks to another COVID-19-related trend as well: Townhouses and brownstones—which typically sport a private entrance and span an entire floor—have become all the more prized since they often offer a backyard, plus a buffer from crowded elevators and bustling building lobbies seen in larger buildings. More and more buyers who once eschewed the hassle and maintenance of owning a house in NYC are now changing their tunes.

“It’s so nice to have space in Manhattan and that suburban residential feel, while still being able to walk out into the action,” says Burack. “And townhouses are the perfect investment for those that can’t make the two-hour drive to the Hamptons.”

“Over the past two decades, townhouse sales have been quite volatile, and currently pricing on these properties is rather reasonable, with deals happening now that are substantially down from 2015–16 levels,” adds Harris.

All of which bodes well for NYC real estate during the pandemic, and beyond.

The post Inside Sarah Jessica Parker and Matthew Broderick’s Windfall Real Estate Sale: What It Means for NYC appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com