Trump’s first mega-house is for sale, and could be yours

By Business LeadersFOXBusiness

Why investors should be cautious of real estate, financials

S&P Global portfolio manager Erin Gibbs and Kingsview Asset Management CIO Scott Martin on where investors should invest their capital and what stocks to avoid.

Donald Trump’s first mansion, which he purchased when he was just 35 years old, has been put back on the market.

Continue Reading Below

According to TopTenRealEstateDeals.com, the home, a 19,773-square-foot Georgian colonial main house and guest house sits on 5.8 waterfront acres in Greenwich, Connecticut. There is plenty of room for a large family – or lots of guests – with eight bedrooms and 13 baths.

Trump purchased the home with his first wife, Ivana, for $4 million, who added gold leaf décor to the residence. Ivana kept the house after her divorce from Trump in 1991, but later sold the home.

The current owners, who purchased the home from Ivana, have toned down the house’s glitz, but expanded the house’s footprint by 4,000 feet and added a tennis court, indoor lap pool and sauna.

The house was originally listed in 2010 for $50 million and was reduced to $45 million in 2016. It has been relisted at $45 million.