Ivana Trump’s NYC Townhouse Sells for $14 Million
The ornate Manhattan townhouse where the late Ivana Trump lived for decades has sold for $14 million—a steep discount from its original $26.5 million asking price. The socialite and ex-wife of President Trump purchased the Upper East Side townhouse for about $2.5 million in 1992, the same year their divorce was finalized, property records show. The Wall Street Journal
Australian Lot With Just a Palm Tree Asks A$3.6 Million
A vacant lot with just a palm tree on it in Victoria, Australia, is headed to auction with a price guide of A$3.4 million to A$3.6 million (US$2.37 million to US$2.5 million). Located in the Melbourne suburb of Mornington with views of the harbor, the plot is primed for someone to build their dream home, as removal of the palm tree is permitted. For the past nearly 90 years, the land has been used as a garden for a neighboring church. Domain
Cape Cod Approves Transfer Fee on High-End Real Estate Deals
The Barnstable County Assembly of Delegates—which represents the entirety of the Massachusetts peninsula of Cape Cod—have voted in favor of special legislation that would allow Cape towns to place a transaction fee on high-end real estate sales. State legislators still need to approve the measure, which would allow towns to adopt a fee ranging from 0.5% to 4% on property sales exceeding $1 million. Cape Cod Times
Geopolitical Uncertainty, Tax Changes to Shape London’s Luxury Market
Geopolitical uncertainty, specifically volatility in the Middle East, is likely to influence demand in London’s luxury sector, though it’s too soon to tell how large the impact will be. Meanwhile, tax hikes have led to more demand for the city’s high-end rentals—in the year to February, rentals priced above £5,000 (US$6,663) per week are up 8% compared to the prior year. Property Reporter