Tuesday, July 15, 2014

Ivana Trump sells Palm Beach mansion for $16.6M

Jul 15, 2014, 12:17pm EDT

Ivana Trump
Senior Reporter-South Florida Business Journal
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Ivana Trump sold her oceanfront mansion in Palm Beach for $16.6 million.
She paid $4.4 million for the 18,316-square-foot house at 102 Jungle Road in 1994 - two years after her divorce from billionaire developer Donald Trump. Given the big return on her investment in the home, it looks like some of the Donald’s real estate acumen rubbed off on her.
The buyer of the home with nine bedrooms and 7.5 bathrooms was Thomas R. Maier. He received a $10 million mortgage from Northern Trust Co.
Famed architect Addison Mizner built the Moorish-style mansion in 1921 for himself. It was called Concha Marina. It has been expanded and remodeled over the years.
The home was listed for $18.9 million back in February.

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