James Gagliardi / Modern Media
Donald Trump’s former Greenwich, Conn., estate has finally found a buyer after bouncing on and off the market for more than a decade.
The sprawling waterfront property, which was once priced as high as $54 million, sold for $31.5 million, according to the Wall Street Journal. Greenwich’s luxury housing market has been struggling with low inventory, and high-end properties have been in short supply. According to Redfin, the median sale price for homes in the area climbed 13.9% year-over-year, reaching $2.3 million in August, making this latest sale the priciest in Greenwich this year.
The mansion, a Georgian-style home with views of the Long Island Sound, was owned by Trump and his now-late ex-wife, Ivana Trump, during the 1980s. After their divorce in 1990, Ivana held on to the estate, raising their children there until she sold it to financier Robert Steinberg and his wife, Suzanne, in 1998 for $15 million.
The Steinbergs embarked on a two-year renovation project, removing some of the home’s more opulent finishes left by the Trumps.
Robert Steinberg confirmed the sale to the Journal, but kept tight-lipped about the identity of the buyer.
Joseph Barbieri, of Sotheby’s International Realty, who represented the buyer, could not comment on the new owners either. However, he told The Post that the home sold to a prominent family.
Barbieri added that the same house manager of the home during the Steinbergs’ ownership was also the house manager during that of the Trump family.
“The house manager stayed on with the current owners for the last 25 years. He had the nicest things to say about the family,” Barbieri said. “He is telling me stories about how Donald would get up at 4 in the morning, read the paper, and have his coffee and is ready to go by 5:30 in the morning consistently. He doesn’t sleep,” Barbieri said with a laugh.
The home, despite being delisted last summer, continued to attract interest from prospective buyers. Barbieri noted that the estate’s large, flat land made it an appealing investment.
Barbieri told the Journal that several people were still interested in the home despite it being off-market. He added that while the new owners have no immediate plans, the lot’s layout would be ideal for future development.
As for the mansion itself, built around 1940 and spanning 20,000 square feet, Barbieri said it’s unclear if it will be torn down.
“They just closed a week ago and builders and architects looked at the property,” he said. “They will, in the next few months, decide on what’s going to happen to it, and whether they will build a new property. The land itself is worth what they paid for.”
The estate boasts eight bedrooms, staff quarters, a movie theater, an indoor lap pool — and outdoor amenities like a pool, a tennis court and a putting green. It’s all situated on 6 acres of prime waterfront land.
Jam Press/Courtesy of Coldwell B
Ivana reminisced about the property in her 2017 memoir, “Raising Trump,” recalling that she and Trump picked the estate after scoping out the area by helicopter.
“The boys spent more time on or around the water… than in the house itself,” she wrote, praising the home’s unique water frontage. She also detailed how she would drive from Manhattan to Greenwich every weekend with the kids, nannies and pets in tow.
“Driving a limo isn’t that hard,” Ivana quipped. “It’s just longer, so you have to make wider turns on Park Avenue.”
Rob Johnson of Brown Harris Stevens represented the Steinbergs in the sale but declined to comment on the deal.