Home News Donald Trump’s Former Connecticut Estate Relists for a Deep Discount

Donald Trump’s Former Connecticut Estate Relists for a Deep Discount

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After more than 10 years in and out of the market, the former president

donald trump‘s former Connecticut property is relisting at about half its 2014 asking price.

The nearly six-acre waterfront property in Greenwich, which once asked for $54 million, is now listing for $29.95 million, according to Brown Harris Stevens listing agent Rob Johnson. I’m here. The nearly 20,000-square-foot Georgian mansion offers panoramic views of Long Island Sound.

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The property was owned by Trump and his late ex-wife, Ivana Trump, in the 1980s and remained in Trump’s possession after their divorce. Current owners, investor Robert Steinberg and his wife Suzanne Steinberg, bought it for $15 million in 1998, records show.

The Steinbergs were drawn to the home’s location and the fact that it was large enough for a large family, and wanted to enroll in Greenwich’s public school system, Steinberg said. “The previous owner was known for choosing world-class properties and this fits that category,” he said. “There was a lot of land for us to do what we wanted.”

The Trump family did not respond to requests for comment.

Steinberg said they spent about two years renovating. They removed the gold-plated finish and added nearly 5,000 square feet to the home, including an indoor lap pool and two guest apartments for large families. There is a soaring foyer with two curved staircases.

On the property, the couple added tennis courts and a putting green, Steinberg said. They also repaired the seawall and rebuilt the outdoor pool. Over the years, the family has hosted graduation parties and weddings on the property. Steinberg said his wife takes care of the dogs and she has up to 14 dogs at one time.

The Steinbergs now spend most of their time in Florida, building a home in Delray Beach. Greenwich real estate has been on and off the market since Mr. and Mrs. Steinberg’s 2009 listing for her $50 million, according to Realtor.com.

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Owner of The Wall Street Journal and also runs Realtor.com Licensed by the National Association of Realtors. In 2014 he relisted for $54 million and most recently he was asking for $32 million.

“I was priced very high in the beginning with the concept that if someone really wanted it, I would sell it,” Steinberg said. got it wrong.”

Over the years, buyers showed interest but never made serious offers, he said. [who] He was seriously interested, but his feng shui adviser told him it wasn’t right. “So special,” he said.

The property consists of multiple lots, Johnson said, so buyers can keep the existing structure or redevelop the site into several waterfront homes.

Donald and Ivana Trump in Greenwich, 1987.


Photo:

Joe McNally/Getty Images

He said the Steinbergs are “very realistic” about current sales and believe the combination of low prices post-Covid and a strong luxury market will lead to sales. And recently, they “edited and simplified” the Greenwich grounds, giving them a little cleanup, fresh paint and staging.

Greenwich’s luxury market, which was soft before the pandemic, is benefiting from a wave of buyers from Greenwich and immigrants from California, Johnson said.

“The market has definitely gone up in the last few years,” he said, adding that there is limited waterfront inventory available. .”

Last year, investor Brett Baruquet and his wife Megan Baruquet purchased a Greenwich waterfront property. $50 million, the record is displayed.Designer Tommy Hilfiger and his wife, Dee Ocleppo Hilfiger, have sold their fortune to $45 million.

write destination EB Solomonto [email protected]

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