The ruling raised eyebrows when Justice Engoron, a democrat who ran unopposed in the general election on Nov. 3, 2015, evaluated the worth of Trump’s prized Mar-a-Lago Club resort at a mere $18 million, ruling that the property was inflated by 2500%.
He cited a basic Palm Beach Assessor valuation that ranged from $18 million to $28 million between 2011 and 2021, failing to take into consideration the fair market value.
To put it in perspective, a 2-acre wooded lot at 1980 S. Ocean Blvd., just 5 minutes from Mar-a-Lago, is currently listed for an eye-popping $150 million. Mar-a-Lago, situated at 1100 S. Ocean Blvd., dwarfs this lot tenfold and operates as a commercial business with around 500 members as part of the golf club.