October 25, 2011
Donald Trump Can’t Sell Trump National Golf Course Estate for $12 Million, Settles for $7.15 Million
It’s being reported that Donald Trump’s Rancho Palos Verdes golf course estate was sold for $7.15 million, and it’s headline news because the original asking price was $12 million. The property went on sale last year, and the Donald is supposed to know how to turn a profit, no matter the odds. Clearly, he couldn’t make it happen this time. The sale was handled by Linda D’Ambrosi and Sandra Callen, a duo from Keller Williams Reality in Rancho Palos Verdes.

But Trump still owns Trump National Golf Course, the 18-hole green on which the just-sold, Mediterranean-style mansion sits on. This big house is the jewel of a set of six homes erected by Trump — it’s the one he had set aside for personal use, but he apparently had a change of heart.
The still-very-expensive house has five bedrooms, nine bathrooms, and a kitchen the size of a small apartment — 1,000 square feet. Some more luxe details: a master bedroom with a patio and fire pit, floor-to-ceiling sliding glass windows, marble floors, an infinity pool, wine room, and a bar that’s the spitting image of the golf course restaurant’s one.
Although unlikely, given the magnitude of Donald Trump’s famous ego, some speculate that his decision to let the property go had to do with the contentious tone of his relationship with his RPV neighbors. Trump insisted on getting a nearby street named in his honor, and even sued Rancho Palos Verdes itself for obstructing his efforts to uphold “the Trump image.” How much did he sue for? Oh, a mere $100 million.
Trump, the founder of Trump Entertainment Resorts, is 65 years old and currently presides as chairman and chief executive officer of his real estate development company. He also stars in, and produces, “The Apprentice.” He currently owns homes in Beverly Hills and New York City.

























