A neighbor of President Donald Trump in Palm Beach, Florida, is struggling to sell their luxury home, even at a loss from what they paid to buy it. Why It Matters The Palm Beach housing market, long known for its exclusivity and sky-high property values, is showing signs of strain. According to Redfin, the median home price in Palm Beach in December 2024 was $4,262,500, up 76.
77 percent from the previous year. However, homes are on the market for much longer—133 days compared to 64 days last year. Redfin previously told Newsweek 60.
6 percent of homes in Florida were considered stale at the end of November 2024, meaning they had been on the market for at least 60 days without going under contract. What To Know Despite its prime location in Palm Beach's exclusive real estate market, the proximity to Mar-a-Lago could be a double-edged sword. While some might view proximity to Trump's primary residence as a status symbol, others may see it as a source of controversy or security concerns, potentially impacting the pool of interested buyers.
The property at 168 Kings Road is a short drive from President Trump's Mar-a-Lago estate. It's now listed for $13.9 million—a slight drop from its purchase price of $14 million in 2023, according to Zillow.
When the home first hit the market on January 11, 2024, it was initially listed for $15.25 million. However, that price was dropped to $14.
95 million on April 9, 2024, and then to $13.9 million on June 26, 2024. Built in 1959, this 5-bed.
