October 8, 2017

According to The Real Deal, a Palm Beach oceanfront lot from former Trump estate has been sold for $37 million. The lot was purchased by a Boca Raton company linked to Mark Timothy Inc, the luxury home builder.

The parcel is one of three oceanfront lots that was subdivided from an oceanfront estate formerly owned by President Donald Trump. According to various reports, Trump sold the mansion located at 515 North County Road in 2008 for $95 million.

The two acre lot at 535 North County Road is the northernmost lot of the three lots and was listed for $39.8 million. This is the second lot to be sold from the subdivided lots. The first lot sold in November 2016 for $34 million. See Real Deal article

Douglas Elliman agents, Nicholas Malinosky and Randy Ely have marketed and sold numerous oceanfront lots and several Mark Timothy Inc. homes. Check out their current exclusive listing inventory including this soon-to-be completed oceanfront masterpiece:
6161 North Ocean Boulevard in Ocean Ridge, Florida listed for $24.95M

Randy & Nick have also sold several Mark Timothy Inc. homes. Take a quick tour of these record-setting opulent mansions:
901 South Ocean Boulevard in Delray Beach, Florida which was offered for $19.95M and sold in February 2013
6125 North Ocean Boulevard in Ocean Ridge, Florida which was offered for $19.95M and sold in February 2016

If you are interested in purchasing an oceanfront parcel to build your dream home or looking to buy a stunning recently built mansion, Nicholas Malinosky and Randy Ely have several off-market opportunities available. Contact them today to get the conversation started.

Photo: Palm Beach Daily News