(03-20-2024, 07:41 AM)StroudCrowd1 Wrote:

(03-20-2024, 05:52 AM)The Real Marty Wrote: Mar-A-Lago is not worth much because it is deed restricted.  It can only be used as a private club, and the land cannot be subdivided.  As a club, it makes about enough money to maintain the property.  So, Palm Beach County's appraisal of Mar-A-Lago is correct.  Trump's people even said so in the past.

Just so we are clear, you believe the property is worth the stated 18M? Lol

It's deed restricted, so you can't use it for anything but a private club, and that private club makes just enough money to maintain itself.  

What's that worth?  I wouldn't put $18 million into an investment that has no prospect of ever generating a return.

It's very hard to remove a deed restriction, and in some cases, impossible.

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