It’s in the area!
If you are not part of President Trump’s inner circle, you can still get inside Palm Beach’s presidential security zone – but you will get millions of dollars.
A modest home that is “just a stone jump” from his Lake Mari club is on the market for $ 12.5 million more likely like a tenardown, said the Margit Brandt list broker of Premier Estate Property.
Palm Beach Daily News first reported the ranking.
Built in 1952, the Bermuda-style one-storey house is at 112 Road Algoma, on a closed road to traffic when Trump is in Lake Mar-A. It is now one of the most coveted, exclusive places of the world – and a great place to build a dream home, Brandt told Gimme Shelter.
“It’s a beautiful area, from Mar-a-lake and the Ocean. It looks like the Bahamas, with all the palm trees,” Brandt said.
“The house is directly a road from the club,” she added. “We have sold the whole inventory here for the past six months. Not too much becomes available here, but now there is a chance for someone to build their dream home in the asset section in a builtable share for $ 12.5 million.”
The presidential security area is “probably just a quarter of miles,” Brandt said, adding “that there has been a desirable reach for people who value intimacy and security. It is like being part of a private club, secret.”
At 2,930 square meters, the house comes with four bedrooms, four baths and sits in one third of one hectare. It also has access to the beach work, which is only 245 meters away. It has been owned by the same family since 1981, when it was bought for $ 385,000, according to the data.
The ranking is part of a “boom after the president” in real estate, Brandt told Gimme. Since Trump was elected last November, six houses in the presidential security zone sold – for $ 12 million in $ 27.5 million, according to reports.
This includes 1090 BLVD S. Ocean, which demanded $ 45 million as a pre -construction species in the presidential security area. Brandt, who repped the buyer and the seller, sold it as land for only $ 19.5 million.
The deal also came with a sea membership that had become large. Start tariffs are now $ 2 million, the Gimme sources told.
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Image Source : nypost.com