Teardown home inside the Mar-a-Lago security zone asks $12.5M: ‘Like you're part of a private, secret club'
If you aren't part of President Trump's inner circle, you can still get inside the Palm Beach presidential security zone — but it will cost you millions of dollars.
A modest house that's 'just a stone's throw' from his Mar-a-Lago club is on the market for $12.5 million — most likely as a teardown, said listing broker Margit Brandt, of Premier Estate Properties.
The Palm Beach Daily News first reported the listing.
6 An aerial of the Bermuda-style home, which sits on one third of an acre.
SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES
6 The residence, most likely a teardown, asks $12.5 million.
SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES
6 The home is also just steps from the ocean.
SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES
Built in 1952, the one-story, Bermuda-style home is at 112 Algoma Road, on a street closed to through-traffic when Trump is at Mar-a-Lago. It's now one of the world's most coveted, exclusive locations — and a great spot to build a dream house, Brandt told Gimme Shelter.
'It's a beautiful area, by Mar-a-Lago and the ocean. It looks like the Bahamas, with all the palm trees,' Brandt said.
6 The home comes with deeded beach access.
SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES
6 Palm Beach has seen an astounding post-presidential boom in terms of luxury property sales.
SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES
'The house is directly one street over from the club,' she added. 'We've sold all inventory here over the past six months. Not much becomes available here, but now there's a chance for someone to build their dream house in the Estate Section on a buildable lot for $12.5 million.'
The presidential security zone is 'probably just a quarter mile,' Brandt said, adding 'that it has become a desirable stretch for people who value privacy and security. It's like you're part of a private, secret club.'
At 2,930 square feet, the home comes with four bedrooms, four baths and sits on a third of an acre. It also has deeded access to the beach, which is just 245 feet away. It has been owned by the same family since 1981, when it was purchased for $385,000, according to records.
6 A long driveway leads to the four-bedroom home.
SHAWN HOOD MEDIA, PROVIDED BY MARGIT BRANDT, PREMIER ESTATE PROPERTIES
The listing is part of a 'post-presidential boom' in real estate, Brandt told Gimme. Since Trump was elected last November, six homes in the presidential security zone have sold — for $12 million to $27.5 million, according to reports.
That includes 1090 S. Ocean Blvd., which asked $45 million as a pre-construction spec house in the presidential security zone. Brandt, who repped the buyer and seller, sold it as land only for $19.5 million.
The deal also came with Mar-a-Lago membership that had been grandfathered in. Initiation fees are now $2 million, sources told Gimme.
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