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By Suzanne Blake
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A $10 million home owned by the Trump Organization that boasts close proximity to President Donald Trump's Florida resort is up for rent.
The four-bedroom property is listed at $122,500 per month on Homes.com and sits directly adjacent to the exclusive Mar-a-Lago Club.
Why It Matters
The housing market near Mar-a-Lago has especially high demand from buyers due to its proximity to wealthy individuals, including the president. As a result, the new home for rent in Palm Beach has a hefty $1.47 million annual price tag.
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What To Know
The property listed near Mar-a-Lago has 2,950 square feet and offers a “rare and historic leasing opportunity in the Estate Section of coveted Palm Beach island,” according to its Homes.com listing.
“Featuring pristinely refined interior finishes like mahogany wood floors and arabescato marble throughout, 4 ensuite bedrooms, a private pool, and a two car garage on one of Palm Beach's most prestigious streets, the home has deeded private beach access just steps away,” the listing reads.
“Outside, the home has an oversized front driveway and a picturesque backyard pool area with iconic views of Mar-a-Lago's famous tower, while inside you will find a spacious primary bedroom, jack and jill guest bedrooms connected by a beautiful marble bathroom, an in-law or staff suite, a dedicated office, proper dining room, living room, and a pool-side sitting area. This newly appointed residence is a once-in-a-lifetime opportunity to experience the quintessential Palm Beach island lifestyle at its highest level.”
The home, built in 1974, is located at 124 Woodbridge Road. It does not come with Mar-a-Lago or Trump International Golf Club memberships. To pay for those, the residents would be out another roughly $3 million.
“This home pencils out to about $360 per square foot annually. For Palm Beach, that's not even the top tier pricing,” Michael Ryan, a finance expert and the founder of MichaelRyanMoney.com, told Newsweek. “But it's adjacent to Mar-a-Lago. So you're really buying proximity and the ‘connection.’”
Trump originally bought both of his Mar-a-Lago homes in 1993 for more than $1 million.
What People Are Saying
Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: “There is a Trump effect. The name carries brand value and has driven significant dollars into his core businesses over a long period of time, which can create a perceived pricing premium in nearby real estate. But the Mar-a-Lago effect cuts both ways. Rising property values mean higher property taxes and higher insurance costs. You may get a modest premium when you sell, but that has less to do with Trump and far more to do with the broader strength and desirability of West Palm Beach itself.”
Finance expert Michael Ryan told Newsweek: “Trump's presence means security zones, restricted airspace, and federal agents everywhere. Property values on the island split. You've got people making bank renting to the government at rates that are, frankly, obscene. GSA is paying $3.3 million a year for three homes near Mar-a-Lago right now. More than half their estimated market value. Why? Security needs and limited options. Landlords know the feds have to rent nearby. So they price accordingly.”
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: “Even during the campaign trail in 2024, there was widespread interest in property near the president’s resort in Florida. Not only do some properties have close proximity to the power and influence the resort carries through its clientele, but also certain homes carry other privileges like resort access and added security when the president is there. Even at elevated prices, expect to see properties like this sale throughout the remainder of this term.”
What Happens Next
The real estate game near Mar-a-Lago isn't about the home's condition or market fundamentals anymore, Ryan said.
“It's about who wants to be there and why. You're either a Trump network player renting for political access, a foreign buyer looking for security and exclusivity, or someone betting the neighborhood keeps appreciating just because it's where the power is,” he said.
“That $1.47m listing? It'll rent. Someone will take it. They're not analyzing square footage; they're buying a story.”
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