Donald Trump's First Mansion in Connecticut For Sale for $54 Million

The Greenwich, Conn., mansion, first of many sweepingly luxurious homes Donald Trump bought in the last 33 years, was built on a peninsula -- a home that catered particularly to his wife Ivana. Its price in 1982 was $4 million; now the owners want $54 million for it.

Donald Trump's first mansion

In 1982, at the time the Trumps purchased the property, Ivana was remodeling the Plaza Hotel in Manhattan and was able to incorporate many of the same materials in the decoration of their new home, "creating a residence dripping in gold leaf, elegant chandeliers and crown moldings," according to TopTenRealEastateDeals.com, where it is a featured property of the week. 

When the couple divorced in 1991 after 15 years, Ivana won the mansion in the property settlement. She sold it for $15 million in 1998, and the mansion's new owners immediately began a renovation to tone it down to more livable neutrals and added tennis courts as well as a 4,000-square-foot addition which includes guest suites, a lap pool and a sauna.

Trump now owns a roster of mansions, including his Mar-A-Lago mansion in Palm Beach, which he purchased in 1985 for $10 million. The 1920s mansion with 62,000 square feet and more than 100 rooms was originally built for Post Cereal heiress Marjorie Merriweather Post. Trump upgraded it to a private resort with initiation fees of $100,000, annual dues of $12,000 and nightly rates up to $3,000. Mar-A-Lago guests have included Bill Clinton, Regis Philbin, Tony Bennett and Barbara Walters.

Trump's principal residence is a swanky three-level penthouse at Trump Tower on New York's Fifth Avenue, where he also runs his business operations. Not far away, he purchased a 60-room mansion in Bedford, N.Y., in 1996 -- a home with three pools and a bowling alley. Later, he bought Albemarle, a 23,000-square-foot mansion, vineyard and winery on 2,000 acres in Virginia for $12.7 million, a fraction of the original asking price of $100 million. Oh, yes -- and Trump keeps a large home on Rodeo Drive in Beverly Hills.