Real estate agents taking a close look at Trump Organization's sale of Beverly Hills mansion to Indonesian business partner


Luxury real estate agents in Beverly Hills are side-eyeing the recent sale of President Trump's 5,400-square-foot mansion for $13.5 million.
Trump bought the house on Canon Drive for $7 million in 2007, Los Angeles County land records show, and in 2018, the county assessed the property at $8.3 million. It was never listed for sale publicly, The Washington Post reports, and the price "seems a little rich, to be perfectly frank," Luis Pezzini, CEO of Pezzini Luxury Homes, told the Post. "Unless there's something spectacular about this [house] that I'm missing." Pezzini said he's selling a house close to Trump's, but it's bigger, on a larger lot, and has a tennis court, and he expects to get just under $13.5 million.
So, who bought the property? The Post reports that a deed registered with L.A. County on May 31 shows it was signed over to Hillcrest Asia Ltd. by Trump's son, Donald Trump Jr. The purchaser's address is a condo in Beverly Hills owned by a company belonging to billionaire Indonesian media mogul Hary Tanoesoedibjo. Tanoesoedibjo has teamed up with Trump on two projects in Indonesia: a resort on Bali and a golf course and resort south of Jakarta. In 2014, Tanoesoedibjo ran for vice president in Indonesia, and he has said Trump inspired him to take a shot at the presidency sometime in the future.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Trump has sold some properties since becoming president, including land in the Dominican Republic, condos at his hotel in Las Vegas, and a warehouse in South Carolina, the Post reports. Trump's son Eric told The Real Deal Los Angeles they chose to part with the Beverly Hills property because his family's "hectic schedules" keep them from the house and "it has seen minimal use."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
June 22 editorial cartoons
Cartoons Sunday’s political cartoons include a SpaceX flight, Bibi pulling Donald Trump toward war, and an ICE agent looking like a bank robber
-
5 bunker-busting cartoons about the Israel-Iran war
Cartoons Political cartoonists take on Iran waiting for Pete Hegseth to leak war plans and Donald Trump's wish for a Nobel prize
-
Malaysia's delicious food and glorious beaches
The Week Recommends From 'colourful' George Town to the 'jungled interior' of Langkawi, Malaysia is incredibly diverse
-
'Tariff stacking' is creating problems for businesses
The Explainer Imports from China are the most heavily affected
-
Mortgages: The future of Fannie and Freddie
Feature Donald Trump wants to privatize two major mortgage companies, which could make mortgages more expensive
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Pocket change: The demise of the penny
Feature The penny is being phased out as the Treasury plans to halt production by 2026
-
The UK-US trade deal: what was agreed?
In Depth Keir Starmer's calm handling of Donald Trump paid off, but deal remains more of a 'damage limitation exercise' than 'an unbridled triumph'
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Trump vs. China: another tariff U-turn?
Today's Big Question Washington and Beijing make huge tariff cuts, as both sides seek 'exit ramp' from escalating trade war