Donald Trump Sold Cali Home: Wanted $12 Million, Got Only $7 Million

By on October 20, 2011 in ArticlesEntertainment

Today's been rough for ol' Donald Trump. The real estate mogul had to take a $5 million loss on selling his Californian sea-side mansion. Originally asking for $12 million last year, but has now settled for a huge loss with a selling price of $7 million.

Related Post: Donald Trump Net Worth

Donald Trump's sea-side mega-mansion is located in the Palos Verdes area of Southern California. TMZ reported that when he was in California he spent more time at his Beverly Hills mansion, so he decided to sell this one. It seem's out of character for reality TV's favorite megalomaniac who built his fortune from real estate, to take a huge hit on the price. I would have figured Trump would have held out indefinitely until he got his way. I imagine the new owner is doing a little dance right now for his real estate victory over The Don.

This 11,000 square foot Mediterranean-style property was built by Trump for him and his family and was designed by Luis de Moraes of Envirotechno Architecture. It has five bedrooms, nine bathrooms, a library and four-car garage. It also has a glass-walled wine room, a 1,000 square foot kitchen and a massive games room. The bar show in between the kitchen in living room is the exact same as in the Trump golf course near by. Also note the huge copper hood over the oven range.

It features marble flooring and floor-too-ceiling sliding doors that completely disappear into the wall. This allows for a truly open terrace-feel to the whole house, bringing the interior out into the cliff-side view of the Pacific Ocean. There is also an infinity pool in the back that gets to share the stunning views. Well, while it's pretty hard to rub it in that Donald Trump took a loss on real estate, considering he owns whole buildings, hotels, resorts and casinos. I'm sure he just fired a few people to cheer himself up anyways.

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