Tax casualty? Trumps sister lists her oceanfront estate.

By
Real Estate Agent with Beachfront Realty 3220434

I think this may be the new trend thanks to the real estate tax reform. So many millionaires use Florida as their primary residences because of our no income tax status plus FL is awesome. That may change as the limits on real estate tax reform takes hold in 2018.

Could it be a slap in the face to her brother or just ditching her oceanfront mansion before everyone else starts? A question we will have answered no doubt soon. Maryanne Trump Barry the older sister of Donald has listed her Palm Beach estate which is located across the street from Mar-lago for $23.9M.

The very dated home sits on 200 feet of oceanfront. Most would think "teardown" and that will probably be the case here. Stay tuned....

 

Posted by

It's a Fabulous day in Florida and now is a great time to buy or sell.....

Don't make a MOVE without Marco!

Over 25 years serving the South Florida area

 

 

 

 

 

 

 

 

 

 

 

 

Comments (24)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Marco, for some reason I don't look at a home for $23Million to be a teardown.   Those views must be fabulous!  

Dec 29, 2017 06:27 AM
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Marco Giancola 

Wow, thanks for the information.  Will have to wait and see what happens in 2018. 

Dec 29, 2017 06:44 AM
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Marco. There is a lot here but I will only say that the scene is incredible. Happy New Year.

Dec 29, 2017 07:21 AM
Marco Giancola

Happy New Year to you Sheila!

Dec 30, 2017 04:33 AM
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good afternoon Marco,

And the Governor here thinks the tax law is unconstitutional compared to what he has here!

Make yourself an astonishing day.

Dec 29, 2017 09:11 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Marco,

What a great property, even if it is a teardown, the land is irreplaceable.  At that financial level, I have not seen anyone worry about taxes all that much...A

Dec 29, 2017 09:14 AM
Marco Giancola

There is no issue paying the property taxes for them. The issue arises when they can't deduct it anymore!

Dec 30, 2017 04:32 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Wow, that is a lot of money for a tear down, haha.  Must be a super prime location!

Dec 29, 2017 01:57 PM
Marco Giancola

200 ft direct ocean front in Palm Beach....um yeah lol!A friend of my father bought 2 side by side old mansions and tore them down then built a 30,000 sq ft place which sits on 400 ft of ocean front. Does that make sense now?

Dec 30, 2017 04:36 AM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Marco.

Interesting, like most keep us posted.  I'm sure with her money, the tax issue is not an issue for her

Dec 30, 2017 01:48 AM
Marco Giancola

There is no issue paying the property taxes for them. The issue arises when they can't deduct it anymore!

Dec 30, 2017 04:32 AM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Marco - Funny that members do not see the problem for these people to pay tax, but do not see the issue with not being able to write it off. And yes, I do not know how it would play out.

The fact that this is Trump's sister add some flavor to the story. (LOL)

Dec 30, 2017 09:41 AM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Hi Jon Zolsky, Daytona Beach, FL I thank you for understanding this post. Have yourself a very happy New Year!

Dec 30, 2017 01:31 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Marco- There are just so many views like that and someone will no doubt come along to buy it. Wouldn't life be grand if you had the buyer for it!!!!

Dec 30, 2017 05:08 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Keep us posted! You have the scoop and it's very interesting!

Happy New Year!!!

Dec 31, 2017 07:59 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Don't get me started on taxes Marco Giancola all deductions should be dumped...our tax system is ridiculous.

Wishing you and yours a safe and Happy New Year's Eve!

Dec 31, 2017 03:22 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Best wishes to you and your family for a Very Happy New Year!

Dec 31, 2017 03:47 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

WOW! Now, that is some prime real estate, Marco! I'm looking forward to hearing the rest of this story!

I hope you have the happiest of new years! May 2018 be your best year yet!

Happy New Year from Charlotte NC

Dec 31, 2017 08:18 PM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I was on Worth Avenue last week but avoided Trump. Yes, I would bet on a tear down but as they say location, location, location.

Jan 01, 2018 06:48 AM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Kathy Streib grand indeed!

Patricia Feager yes I will, I am interested in seeing what happens to this one myself

Jan 01, 2018 06:52 AM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Lisa Von Domek I tend to agree. Flat tax, end of story.

Thank you Roy Kelley !

Jan 01, 2018 06:53 AM
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Debe Maxwell, CRS I shall keep an eye on it and relay the info!

I am betting on it Joe Pryor 

Jan 01, 2018 06:54 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Oh, I love hearing a little of the local dirt. Keep us posted...

Jan 14, 2018 07:15 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for sharing a glimpse of a different lifestyle - obviously he didn't get all the family money! 

Jan 23, 2018 06:28 AM