Although the word “replay” is mostly used to describe a repeat of a play video in sports, it occasionally applies to real estate that has been pulled from the market after a long run without selling and then reintroduced at a later date. Such is the case with President Donald Trump’s first mansion that was his entry into owning a string of some of the most glamorous celebrity homes in the world.
Trump was only 35 when he and his first wife, Ivana, purchased their starter mansion – a 5.8 acre home on a peninsula in Greenwich, Connecticut for $4 million. The timing was good because they were decorating their new Plaza Hotel purchase in Manhattan at the time and Ivana was able to use many of those materials to glam up the Connecticut mansion.
That included a king’s ransom of gold leaf, which was applied to moldings and freely throughout the residence. Off to a good start, Trump later purchased Trump Tower, where his penthouse is no stranger to gold leaf, and then a 60-room mansion in Bedford, New York with three pools and a bowling alley. He later bought Albemarle with a 23,000-square-foot home, vineyard and winery on 2,000 acres in Virginia for $12.7 million, a fraction of the original asking price of $100 million.
Contact Maddison Estates To Buy, Sell, Or Build Your Dream Home!
It is now a B&B known as Albemarle Estate at Trump Winery with daily room rates ranging from the upper $300s to $700s. Reaching to California, he expanded to a six-bedroom, 10,400-square-foot home on Rodeo Drive in Beverly Hills. Trump’s #1 trophy home is still his Mar-A-Lago mansion and resort for the ultra wealthy in Palm Beach that he purchased in 1985 for $10 million which has become his Florida White House.
Newly back on the market is Trump’s first mansion at its 2016 price of $45 million, reduced from the $50 million original ask in 2010. The current owners purchased the mansion from Ivana, who won it in her and Donald’s divorce in 1991. They immediately set about toning down much of the glitz and expanded the property by adding a tennis court, indoor lap pool, sauna and a 4,000-square-foot addition with guest suites.
The 19,773-square-foot Georgian Colonial main house and guest house have eight bedrooms, thirteen baths, a three-story rotunda foyer with double grand staircase, formal rooms and views of Long Island Sound. Also included in the sale is a home theater, putting green, multiple terraces and patios and three fully-equipped staff apartments.
Awaiting its next Greenwich billionaire resident, Donald Trump’s former Connecticut mansion with major additions, six waterfront acres and a private boat dock is on the market at $45 million. The listing agent is Tamar Lurie of Coldwell Banker in Greenwich, Connecticut.