Donald Trump Buying and Selling Luxury Real Estate in South Florida

August 17, 2012

Trump would like to build a first class hotel and golf villas on the property. Trump has said in the news recently that the South Florida housing market is coming back and that this is a great time to buy. He mentioned that he thinks prices will be going up in this area.

This is great news for the South Florida luxury real estate market. We have seen signs of a recovery in the luxury oceanfront condo market from Palm Beach to Miami and it looks like Trump really believes that this market will recover in a big way.

George H. Ross, executive vice president of the Trump Organization sent a letter to Commission Chairwoman Shelley Vana earlier this week stating that the club would seriously consider making extensive improvements to the Trump International Golf Club property if it owned the land.

“We have to get more details about what he is thinking and what kind of effect it might have on the county’s financing,” Vana said. “I think we are going to have to take a look at the whole big picture.”

All the signs seem to show that the South Florida housing market and luxury oceanfront real estate market are on the rise. Trump recently purchased the Doral Resort and Spa for 150 million. He plans on renovating the hotel. It looks like he is preparing for the new South Florida boom.

Full Story: The Palm Beach Post