A defense witness asserted that Mar-a-Lago is worth more than $1 billion.
A Florida real estate agent this week testified in former President Donald Trump’s civil fraud trial in New York that his Mar-a-Lago property is worth at least $1 billion.
Lawrence Moens, who was called as a witness by the defense, testified that the Florida property could be sold as a home, saying he would value it at over $1 billion as of 2021.
“It’s something breathtaking. It’s something amazing to see,” he said of Mar-a-Lago, adding that he had valued it at over $1.2 billion in 2021. He also told the court that President Trump’s company had actually undervalued Mar-a-Lago by about half.
Mr. Moens’s valuation assumes that Mar-a-Lago is a personal residence, a premise that a judge already has rejected in the ongoing civil fraud trial.
“I work very hard to sell rich people property in Palm Beach,” testified Mr. Moens. “I’m on the front lines every day of selling properties, and I have a pretty good handle on what’s happening in the market.”
Spanning 17 acres with waterfront on two sides, the Trump estate and social club is his home, a place where the former president and current…
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