Comments by "" (@hewitc) on "This House"
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The Post Estate tried to give the home to the US government to be used as a summer white house. The gift was rejected because of the high upkeep cost of the lavish property. Then it was offered to the State of Florida, which rejected it for the same reason-- too expensive to maintain. It was offered for sale to the public at well below $10M but there were no buyers. The brokers considered it to be a "white elephant". In 1985, Trump bought it for $7M thinking he would live there, but of course he soon realized he couldn't afford the maintenance either. Then he planned to demolish thhe landmarked house and subdivide the land into smaller lots for mini-mansions, except that was prohibited by convenants in the deed and the landmark. So he was stuck with an expensive white elephant. No surprise. To get out of the hole he applied to the Town to convert the property to a commercial facility, offering food and recreation. That was approved by the Town with a restriction against residential use except for short periods. Trump violated the restriction by living there all winter until the Town started to enforce the covenant. Trump now lives there as the "live in property manager/grounds keeper" exemption for employees of commercial properties. He only lives in a smallish apartment upstairs from the restaurant. In addition, Trump sold development rights to the National Trust in exchange for federal tax deductions. That sale restricted the lawful use of the property to "private club" in perpetuity. These various permanent deed covenants, Town agreements and tax restrictions are the reason why the property is valued as a commercial property. It can't be used a full time residence (except by the "super"). As a business it has extremely high operating expenses and only seasonal revenue from sales of food and recreational activities (and "dues" for usage). It continues to be a White Elephant, in fact it is worse since Trump acquired it. As part of Trump's deal to lease Town property near the airport for a golf course, Palm Beach International Airport is allowed to fly all outgoing flights directly over Mar-A-Lago, which can be deafening. Cielito Lindo, one of the subdivided parts of the Woolworth mansion is also under this path. It too suffers from repeated jet noise.
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