"I'm in
no rush, because it is such an amazing property. I consider
it the best residential piece in the country. So I'm
different from other developers, because I hate to sell
the sites." - Donald Trump
Real Estate at Trump National Golf Club
Introducing
The Estates at Trump National Golf Club. This truly breathtaking
community is a combina- tion of extraordinary vision and
the most desirable location in all of California.
Perched above the jagged cliffs of the Palos
Verdes Peninsula, this exclusive community will consist
of just fifty custom estates - each with expansive views
of Trump National Golf Course, the Pacific Ocean and Catalina
Island. The custom designed homes will all feature unique
floor plans, ensuring no two homes in the entire community
will be alike. Each home, ranging from approximately 6,000
to over 15,000 square feet, will be built with the quality
you would expect from a name like Trump. The homes feature
the finest finishes and appointments throughout including
rich marbles and fine woods, outdoor gourmet kitchens, several
car garages, elevators, billiard rooms, and more. The prices
for the completed homes begin in the mid $5 millions.
The
privileged few homeowners will enjoy a lifestyle usually
only reserved for guests of the world’s finest hotels.
Along with the grand oceanfront estate, each resident will
receive access to a personal concierge, on call twenty-four
hours a day, to manage all of life’s necessities.
Additionally, Trump National’s expertly trained patrol
team will guard this exclusive enclave to ensure the utmost
sense of security.
Enthusiasts of an active lifestyle will
undoubtedly be drawn to the myriad of hiking and biking
trails, discovering endless ways to explore the natural
rugged California landscape and breathtaking coastal views.
Just outside each estate’s backyard are four coastal
access trails that will lead you to secluded sandy beaches
and rocky tide pools.
For a private tour of the model home and
available sites, please call 310-985-9725 and schedule an
appointment to view the property.
(From the website of Trump National Golf
Club - www.trumpgolf.com)
Trump National Citation - Wall Street Journal
After
months of local opposition and legal wrangling, Donald Trump's
first California real-estate development, The Estates at
Trump National Golf Course in Rancho Palos Verdes, is under
construction and selling. Three multi-million-dollar properties
changed hands just days after the Jan. 14 groundbreaking
at the Southern California coastal development.
Trump's right to build in the region comes only after he
sued a local school district over the land (the Palos Verdes
Peninsula Unified School District owns 8.5 acres by the
13th hole) and spent $55 million to shore up the oceanfront
golf course: Landslides six years ago took out the 18th
hole. He also lost a battle with local and state environmental
officials to keep the golf course private. The school lawsuit
was settled out of court, and now buyers — who will
pay a minimum, pre-construction, of $5.2 million for each
Mediterranean-style mansion — will share that course
with the golf teams from two local high schools. And, in
accordance with California Coastal Commission policy, they
won't get a private beach.
Trump said that "this property's been
through a lot" and that "the golf course had problems."
But now it's "safe and sound," he said, adding,
"This will be better than Pebble Beach."
The property, Trump said, has already received
interest from celebrities Kevin Sorbo, star of the syndicated
science-fiction television series "Andromeda,"
and singer Britney Spears. Sorbo said he and Trump discussed
the new development while golfing in Lake Tahoe last summer
and that he plans to travel to the development "in
a few weeks" to look at properties.
Rancho Palos Verdes, Calif., a coastal area
of Los Angeles County, is among the priciest regions in
the state, with the median price of a new home $1.17 million,
according to the California Association of Realtors. Trump
paid $27 million for the 260-acre property in 2002.
Los Angeles businessman John W. James bought
the first home at the Estates, paying $6.95 million for
a 7,019-square-foot, four-bedroom estate slated to be finished
next year. The location was a draw, he said, as was the
fact that "it has the Trump name on it."
James added that he's betting the developer's
brand name will insulate the property against a real-estate
recession. Another selling point, he said, was that the
property's architect, Robert Earl (who has designed homes
for Madonna and Sylvester Stallone), will hold individual
meetings with buyers to customize the properties.
James said he's adding a wine cellar, home
theater, gym and soundproof meditation room.