Donald Trump is being sued by New York Attorney General Letitia James for $370 million in fines and to bar Trump from the New York real estate industry. The case is based on the valuation of Mar A Lago, a golf resort in one of the most exclusive parts of south Florida. The Trump Organization values this property at almost a billion dollars. The State of NY is suggesting a much more modest number of $18 million.

In this episode we break down some of the peculiar things about this case, from the reasons for a New York State Attorney to bring a civil case against a former president for an investment property on the other side of the country to the outright refusal of the court to accept expert testimony on the valuation of a property like Mar A Lago.

Stay tuned all the way to the end where we will pull up some of our own beachfront property and see what kind of values we're working with.

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Links:

ZeroHedge Article: https://www.zerohedge.com/political/explaining-18-million-mar-lago-valuation-ny-trump-case-judge

Active Comp from Palm Beach Expert: https://listings.moensrealestate.com/idx/details/listing/a294/23-752/965-N-Ocean-Boulevard-Palm-Beach-FL-33480

Gleneagles: https://www.invitedclubs.com/clubs/gleneagles-country-club/host-an-event/tournaments-outings/signature-services

House off Gleneagles: https://www.realtor.com/realestateandhomes-detail/1708-Cliffview-Dr_Plano_TX_75093_M71166-06546?from=srp-map

Gleneagles Tax Value: https://www.collincad.org/propertysearch?prop=1767332&year=2023