Owners of the most luxurious homes on the market are asking $15 million to $17 million, agents said. A 10-bedroom hillside estate on a lot adjacent to Chateau des Palmiers is for sale for $4.75 million.
“It’s a lot of money,” Hanneke Snow, the owner of Re/Max Island Properties, said of the price for the president’s property. “If it were in St. Barts, you would have a bigger chance. But if the name Trump is attached to it, people may want to see it.”
Arun Jagtiani, the owner of Island Real Estate Team, said he thinks the property is “overpriced by about $10 million.”
“If someone does pay anything close to the asking price, it will be because they are paying a premium to say they own a property that was once owned by President Trump,” Jagtiani said.
Jagtiani has had at least one client whose interest was piqued by the estate’s lineage. In February 2016, as Trump’s profile in the Republican presidential primaries was rising, Jagtiani said he was showing estates in the area to a Russian investor and mentioned that Chateau des Palmiers was owned by the New York developer.
“He seemed to light up when we mentioned the name ‘Trump,’ ” said Jagtiani, who declined to share his client’s name. “He seemed very excited and asked to see it. He wasn’t clear if he was looking for himself or a friend. But he was intrigued.”
Even though the property was not on the market, the Russian investor arranged to tour the estate but never followed up after viewing it, he said.
The sale of the St. Martin estate would be one of the biggest transactions involving Trump’s assets since he took office.