Timothy Birdnow

The Judge in Letitia James' civil suit against Trump was on the crack rock.

https://nypost.com/2023/09/27/donald-trumps-mar-a-lago-worth-at-least-300m-sources/

FTA:

However, the ruling raised eyebrows when Engoron, a Democrat who ran unopposed in the general election on Nov. 3, 2015, evaluated the worth ofTrump’s prized Mar-a-Lago Clubresort at $18 million, ruling that the property was inflated by 2,300%.

He cited a basic Palm Beach Assessor valuation that ranged from $18 million to $28 million between 2011 and 2021, with industry sources saying it fails to take into consideration the fair market value. This valuation is far from Trump’s 1985 purchase price of $10 million, $8 million less than what the judge declared it was worth today.

There are also nearby comps.

To put it in perspective, a 2-acre wooded lot at 1980 S. Ocean Blvd., just 5 minutes from Mar-a-Lago, is currently listed for $150 million. Mar-a-Lago, situated at 1100 S. Ocean Blvd., dwarfs this lot tenfold and operates as a commercial business with around 500 members as part of the golf club.

Posted by: Timothy Birdnow at 11:54 AM | No Comments | Add Comment
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