Donald Trump Once Sold This Beverly Hills Estate at a Huge Loss
One Deal Trump Doesn’t Like to Talk About
Presidential candidate Donald Trump’s backers say he’s the person most qualified for the job partially because of his extensive business experience. Critics are quick to point out that Trump doesn’t exactly have the Midas touch. Like most billionaires, he’s had his share of failures, including a string of defunct casinos, a grounded airline, a failed vodka brand, and selling this Rodeo Drive home at a sizable loss back in 2009.
Mr. Trump purchased the home from the famous Los Angeles real estate developers Len and Selma Fisch, who had previously bought it from the ex-wife of Omar Bongo, president of Gabon. According to public record, Trump paid $10.35 million for the home in 2008. A year later, he put it back onto the market for $12 million, but only managed to sell it for $9.5 million. That’s a loss of $850,000 – not exactly huge by Donald Trump’s standards, but we’d be surprised if it didn’t at least hurt his pride a little bit. After all, we’re talking about the self-proclaimed “largest real estate developer in New York.”
Former Trump Home Back on the Market
Well, it looks like Mr. Trump should have held onto this property for just a little while longer. It’s now back on the market, this time for nearly $30 million. Only time will tell if the current seller will actually receive the asking price, but things have certainly changed in the real estate market since 2008, so anything is possible.
The California Dream, Vintage Style
Style-wise, 806 Rodeo Drive hearkens back to Tinseltown’s Golden Age; one could easily picture some silver screen star or studio big wig living here. However, the home actually dates from 1981. Gabbay opted for more of an old-money look than the neon lights and sharp angles in vogue at the time.
The quality of materials on display here is peerless. With its snow-white Thassos marble floors, its Azul Bahia granite countertops, and its ornamental plaster walls, this home has a timeless elegance that will impress even the most discriminating luxury property connoisseurs. It has a gracious, open floor plan that makes one want to deeply inhale that rarefied air that one only finds in homes of a certain caliber.
So Much Winning
Standout features include (but are certainly not limited to) a professional-grade kitchen complete with a marble island and state-of-the-art appliances, an elevator, a sound and lighting system that provides exceptional clarity and ambiance throughout the home, and a wonderfully capacious master bedroom complete with double-height ceilings, a private sitting parlor, an enormous walk-in closet, and a bathroom fit for the finest spas in the world.
Outside, there’s an oversized swimming pool flanked by an opulent, marble-columned pergola. If there’s a better place to spend a summer day in Beverly Hills, well, we’ve certainly never seen it.
There’s also a competition-grade tennis and basketball court flanked by mature palm trees, and Carrara marble patio, from which to enjoy those famous Pacific sunsets.
All told, this home features 11 bedrooms and six full baths, and is situated on nearly an acre of coveted Beverly Hills real estate, with world-class dining and shopping only a short drive away.
Live the Beverly Hills Dream
You don’t have to like Trump to appreciate his taste in real estate. Let’s face it: this is a guy who appreciates the finer things in life, and this home certainly is fine. If you happen to have a spare $30 million dollars just sitting around, or can afford the estimated $140k-per-month mortgage, then why not treat yourself to a residence befitting your station in life? You only live once, after all.