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.
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 Republican 2024 front-runner has conducted high-profile meetings while in and out of office, and the spot where federal special counsel Jack Smith alleges he improperly stashed classified documents, which President Trump denies.
Judge Arthur Engoron, in a pretrial ruling declaring that Trump and his company engaged in fraud, found that he exaggerated Mar-a-Lago's worth by as much as 2,300 percent, compared to the Palm Beach County tax appraiser's valuations.
Some Palm Beach luxury real estate agents have told The Associated Press that the property would sell for $300 million to $600 million, and possibly $1 billion or more if it sparked a bidding war among uber-wealthy contenders.
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