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.
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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."
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