Key Takeaways
- • A house under construction at 1090 S. Ocean Blvd. in Palm Beach, adjacent to President Trump's Mar-a-Lago Club, has gone under contract after being listed at $45 million on a two-fifths acre elevated lot.
- • The buyer receives a unique privilege: access to Mar-a-Lago Club membership without paying the reported $1 million initiation fee, contingent on interview approval and annual dues payment—a long-standing agreement benefit tied to the property's location.
- • The property sits in the exclusive security zone that restricts through-traffic when Trump is in residence, positioning it within Trump family real estate holdings that include neighboring properties owned by Trump's sister Elizabeth Trump Grau and other family-controlled oceanfront assets.
- • The traditional-style residence was developed on speculation by an unidentified builder; listing agent Margit Brandt of Premier Estate Properties maintained the $45 million asking price consistently since the property entered the market in early 2019.
- • The transaction highlights continued institutional and high-net-worth interest in ultra-prime Palm Beach waterfront and near-waterfront real estate, particularly properties offering exclusive club access and proximity to established wealth concentrations.
Summary
A luxury residential property at 1090 S. Ocean Blvd. in Palm Beach has moved under contract at a $45 million asking price, marking a significant transaction in the ultra-luxury real estate segment. The property, located on the northwest corner of Woodbridge Road directly adjacent to President Donald Trump's Mar-a-Lago Club, represents a specialized offering within Palm Beach's most exclusive market tier.
The house, constructed on speculation on approximately two-fifths of an acre of elevated land, carries a distinctive competitive advantage: buyer access to Mar-a-Lago Club membership without payment of the club's reported $1 million initiation fee. This benefit operates under a long-standing agreement governing properties on Woodbridge Road; prospective members must complete Mar-a-Lago's interview process and commit to annual membership dues. This structure effectively reduces the effective acquisition cost for buyers seeking club access while providing a value-added amenity tied to property ownership.
The property's strategic location within the security perimeter that closes to through-traffic during Trump's residence at Mar-a-Lago adds a layer of exclusivity and privacy. The immediate neighborhood includes Trump family holdings: his sister Elizabeth Trump Grau's Woodbridge Road residence and oceanfront properties controlled by the Trump family directly across the coastal road. This concentration of established wealth and family real estate creates a specialized micromarket within Palm Beach's already rarefied residential segment.
Listing agent Margit Brandt of Premier Estate Properties has maintained consistent pricing discipline on the property since it entered the market in early 2019, never adjusting the $45 million ask. The property's pending status was recorded in the multiple listing service on January 22, with the transaction representing continued institutional and ultra-high-net-worth investor activity in Palm Beach's constrained inventory of oceanfront and near-oceanfront properties offering both exclusivity and documented amenity access.
The house, constructed on speculation on approximately two-fifths of an acre of elevated land, carries a distinctive competitive advantage: buyer access to Mar-a-Lago Club membership without payment of the club's reported $1 million initiation fee. This benefit operates under a long-standing agreement governing properties on Woodbridge Road; prospective members must complete Mar-a-Lago's interview process and commit to annual membership dues. This structure effectively reduces the effective acquisition cost for buyers seeking club access while providing a value-added amenity tied to property ownership.
The property's strategic location within the security perimeter that closes to through-traffic during Trump's residence at Mar-a-Lago adds a layer of exclusivity and privacy. The immediate neighborhood includes Trump family holdings: his sister Elizabeth Trump Grau's Woodbridge Road residence and oceanfront properties controlled by the Trump family directly across the coastal road. This concentration of established wealth and family real estate creates a specialized micromarket within Palm Beach's already rarefied residential segment.
Listing agent Margit Brandt of Premier Estate Properties has maintained consistent pricing discipline on the property since it entered the market in early 2019, never adjusting the $45 million ask. The property's pending status was recorded in the multiple listing service on January 22, with the transaction representing continued institutional and ultra-high-net-worth investor activity in Palm Beach's constrained inventory of oceanfront and near-oceanfront properties offering both exclusivity and documented amenity access.
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