Who’s buying up Palm Beach?
Donald Trump continues to make news in his hometown. This is what you would expect, but it’s not all plain sailing. For a start, since he won the election, and the local police started declaring his Mar-a-Lago Club a security zone – which stretches for seven blocks, north to south, and from the Atlantic Ocean to the Intracoastal Waterway – no fewer than seven properties in the zone have changed hands. And the big question is: are these people moving in, or moving out? It is impossible to be certain, of course, but we do know that the latest property sold for $16.99 million, down from an asking price of $24 million when it first came on the market.