Trump's Mar-a-Lago Valued at Over $1 Billion by Defense Witness in Fraud Trial

Real estate broker Lawrence Moens's valuation based on premise rejected by judge, as property is designated a private club, not a personal residence.

Trump's civil fraud trial in New York focuses on the value of his Mar-a-Lago property, with a defense witness, real estate broker Lawrence Moens, valuing it at over $1 billion in 2021.
Moens's valuation is based on the assumption that Mar-a-Lago is a personal residence, a premise already rejected by the judge as Trump's 2002 deed swore off the use of the property as anything but a private club.
Moens, a Mar-a-Lago member and longtime Trump associate, testified that his valuation of the property exceeded Trump's own projections on financial statements for the past decade.
New York Attorney General Letitia James's lawsuit alleges that Trump and his company deceived lenders and others by overstating the values of some of his prime assets, including Mar-a-Lago.
The trial is set to continue next week, with Trump scheduled to take the stand for a second time on Monday.