Real Estate Experts Sound Off: Judge’s Valuation Of Mar-A-Lago Is Laughable!

Manhattan Supreme Court Justice Arthur Engoron recently ruled President Trump committed “fraud” by inflating the value of his assets to impress investors.

In Engoron’s ruling, he claimed Trump overvalued his Mar-a-Lago estate by over 2000% and claimed the real value of Mar-a-Lago is $18 million.

Real estate experts are baffled by Justice Engoron’s extremely low appraisal of Trump’s Mar-a-Lago estate.

One real estate mogul claimed that at the minimum Trump’s Mar-a-Lago resort is worth $300 million and that is not including his golf courses nearby.

Another Palm Beach real estate broker stated “It’s utterly delusional to think that property is only worth $18 million.”

So the Biltmore, on 2200 acres, along with its restaurants, shops, inns, winery, equestrian training grounds, miles of hiking trails, and mountain views is worth $300 million

And Mar-a-Lago, on 17 acres, is worth $1.8 billion? The Trumps are such frauds pic.twitter.com/XX5cHgSNmD

— ProLib 🇺🇦 (@prolibshow) September 27, 2023

The average home price near Mar A Lago is $40 million with an average of 6,000 square feet.

Mar A Lago has 62,000 square footage. A liberal judge said it’s only worth $18 million so Trump must stand trial for lying about its value.

Anyone who is still on the side of the… pic.twitter.com/wEze1VeFcQ

— 🇺🇸Travis🇺🇸 (@Travis_in_Flint) September 27, 2023

Check out what the New York Post reported:

A New York judge’s Tuesday ruling valuing Donald Trump’s sprawling, headline-making Florida estate at $18 million has left industry experts perplexed.

In his verdict, Manhattan Supreme Court Justice Arthur Engoron delivered a bombshell ruling that the former president committed fraud by inflating the value of his wealth, with details including the monetary value associated with Mar-a-Lago in Palm Beach.

This decision, which came down without a jury, has sent shockwaves through political — and real estate — circles, especially that $18 million base value for the property.

One prominent Palm Beach real estate broker, speaking on the condition of anonymity, told The Post, “It’s utterly delusional to think that property is only worth $18 million.”

The insider added, “If that property were on the market today, I would list it at around $300 million, minimum … at least. He also has the separate golf course minutes away.”

Engoron’s verdict holds Trump, 77, along with his family and his business empire, the Trump Organization, liable for fraud — a central allegation in New York Attorney General Letitia James’ lawsuit against the defendants.

"If Mar-a-Lago is worth $18 million … I’ll take 10 please!!!"

Trump and 2 of his sons criticized a judge for suggesting his Mar-a-Lago Palm Beach resort is worth between $18–28 million.

Mar-a-Lago was overvalued by “at least 2,300%” the judge said. https://t.co/V7wChypVRa

— The Epoch Times (@EpochTimes) September 28, 2023

Here’s what Daily Mail shared:

Donald Trump’s stunning Mar-a-Lago estate is worth $282million more than the $18million valuation it was given by a Manhattan judge who held the ex president liable for fraud, a Palm Beach realtor said.

Democrat Justice Arthur Engoron valued the sprawling 20-acre Florida property at a mere $18million in a bombshell ruling that said the former president inflated the value of his wealth.

Engoron used a Palm Beach Assessor valuation that ranged the 128-room property from $18 million to $28 million between 2011 and 2021. But it was valued at $160million by Forbes in 2018, and $350million in an assessment in March 2022.

And a relator from the area said it’s likely worth more than $300million, while Trump himself has estimated the property could be worth up to $700million. He slammed the judge today and said it’s worth ‘100 times more than he values it.’

The formal assessment does not take into consideration the fair market value – nor does it explain how Trump’s estate has only increased in value by $8million since he bought it for $10million 38 years ago.

You couldn’t get an empty half acre lot in Palm Beach on the ocean for $18 million. Rush Limbaugh’s house went for $155 million and it sits on 2.7 acres oceanfront. Mar-a-lago is on 20 acres oceanfront. It’s worth over $300 million. That’s conservative. https://t.co/OYuEvhoSoo

— FightOracle ™ (@fightoracle) September 27, 2023