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modest home in the exclusive Mar-a-Lago security zone is up for grabs at a hefty price tag. The property, located on Algoma Road, is listed for $12.5 million and is likely to be torn down to make way for a new dream house.
The one-story, Bermuda-style home was built in 1952 and sits on a third of an acre, just steps from the ocean. It features four bedrooms, four bathrooms, and deeded access to the beach, which is only 245 feet away. The property has been owned by the same family since 1981.
The listing comes as Palm Beach experiences a post-presidential boom in luxury property sales. Since Trump's election, six homes in the presidential security zone have sold for between $12 million and $27.5 million. The area is highly coveted due to its proximity to Mar-a-Lago and the ocean, with palm trees and a tropical atmosphere reminiscent of the Bahamas.
The home's location within the presidential security zone offers an added layer of exclusivity and privacy, making it a desirable spot for those seeking a secure and private retreat. With initiation fees for Mar-a-Lago membership now at $2 million, owning a piece of this exclusive area is a rare opportunity for those who can afford it.
