Russian Billionaire Demolishes Trump’s Former $95M Palm Beach Mansion (PHOTOS)

Russian Billionaire Demolishes Trump’s Former $95M Palm Beach Mansion

Palm Beach, Florida, United States

Dmitry Rybolovlev has followed through with his plans of demolishing a massive Palm Beach mansion previously owned by Donald Trump. Rybolovlev purchased the 6.26 acre estate in 2008 for a record breaking $95,000,000. His plans changed with the discovery of mold, making the oceanfront home one of the nation’s most expensive tear downs. Donald Trump purchased the property in 2004 from Abe Gosman for $41,400,000. He spent several years renovating and updating the residence before putting it back on the market for $125,000,000. A real estate source exclusively told Jose Lambiet of Gossip Extra in 2013, “Dmitry Rybolovlev’s pretty mysterious about his ultimate plans, but it’s clear that the house will be leveled by the end of the year.” The mansion reportedly had seven bedrooms, a garage that can accomodate 80 vehicles, marble floors, bullet-proof windows, mahogany doors and an extravagant ballroom. Trump exclusively told Gossip Extra that he never expected the buyer to keep the house. “I don’t care about the house, I bought it for $41 million, put in $3 million worth of paint and gave it a good cleaning – and I sold it for the highest price ever for a single family home.” It was originally suggested that Rybolovlev may subdivide the land into a dozen beachfront lots, however, based on current imagery it appears it has been subdivided into three large lots. Scroll down and take a look at what the property previously looked like. 



Robert Stevens


Robert Stevens




The entryway of the Palm Beach house that Trump sold for $95 million, only to be leveled by owner Dmitry Rybolovlev (Splash News)



Photographed in 2005, Donald Trump stands in front of 515 N. County Rd., the estate he bought at auction for about $41 million, renovated and then sold in 2008 at a recorded $95 million.JEFFREY LANGLOIS / PALM BEACH DAILY NEWS // VIA MIAMI HERALD


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