The Russian billionaire who bought an oceanfront Palm Beach estate from President Donald Trump in 2008 has found a buyer for the second of three vacant lots that were subdivided last year from the property.
The 2-acre lot, at 535 N. County Road, is under contract in the local multiple listing service, where it has been priced at $39.8 million since January.
President Donald Trump
It’s the northernmost of the lots carved from the estate Trump sold for a recorded $95 million in 2008 to a company linked to businessman Dmitry Rybolovlev and controlled by a Ryboloblev family trust.
The sale lately has been the subject of intense media attention because of its Russian connection, fueled by accusations that Russia tried to influence the outcome of last fall’s presidential election. The controversy has also raised questions about any dealings between Russian entities and Trump, his family, campaign aides and business associates.
Trump has maintained the Palm Beach transaction was strictly a business deal and that he never met Rybolovlev. Rybolovlev, in turn, also has said he hasn’t met Trump and described the purchase as nothing more than a real estate investment.
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