So I have a blog, where I write about real estate in South Florida, so when I learned that Paul Manafort has a place in Palm Beach Gardens well I just had to see what there was. So lets begin with where and when he purchased his place.
10 St James Dr. Purchased September, 2007 for $1,500,00 remember the real estate bubble that burst at the end of W. Bush’s administration? So it would seem Mr. Manafort bought in at the top of the bubble.
Next we look into what’s on Zillow, the web’s place for over estimating home values. Zestimate®: $1,251,474 so even Zillow thinks you paid too much that isn’t good. Well maybe the tax man has an opinion? Total Market Value 2017-$1,043,648, 2016-$984,750 and 2015- $879,272 wow even the Palm Beach County Property Appraiser thinks you paid too much. But wait there’s more he spent some to fix the place up a bit according to the local news paper he did this.
They include $1.3 million in 15 payments made between 2011 and 2013 to a “home automation, lighting and home entertainment company in Florida.
So you spent more than your house is worth on stuff? Who spends money like this, is this how one launders money, just asking.