No. of Recommendations: 15
$29M on 4 acres. You understand that if I take this as the baseline, it still makes the judge look bad?
(MaL on 17 would be $123M).
No, it doesn't. First, because you can't prorate it like that - because Mar-a-Lago can't be subdivided. Four 4-acre luxury houses on 4 acres are worth far, far more than one luxury house on 17 acres. Second, because Mar-a-Lago doesn't have beachfront. And third, this is **today** - so something selling for $29 million today would not have sold for $29 million at the time Trump inflated his Mar-a-Lago values.
Yeah, because nobody would buy it as a resort.
Nobody would, because it's not a resort. It's a private club. It can't operate as a resort - it doesn't have the zoning for it.
