No one wants to buy Trump’s Caribbean estate, which just got a $13 million price chop

Trump st. martin
Trump owns Le Château des Palmiers on the Caribbean island of St. Martin. Sotheby’s and Reuters/Carlos Barria

President Trump’s luxurious St. Martin estate has gotten a massive price cut.

Le Château des Palmiers was previously listed for $A35 million with Sotheby’s International Realty. The price was lowered by more than $A13 million about a month ago, the Washington Post reported. It’s now listed for $A21.24 million.

It’s a walled estate across nearly five acres, with both a main house and a guest house. In total, the compound has 11 bedrooms.

Records show that it was listed for just under $A25.14 million when Trump purchased it in 2013, though it’s unclear how much he ended up paying for it.

According to disclosure filings obtained by the Wall Street Journal in 2015, Trump owns the property through two companies called Excel Venture I LLC and Excel Venture Corp II. Trump typically uses the Caribbean escape as a rental property, and, according to the disclosure, he gets between $A125,000 and $A1.26 million a year from it. The sale is being handled by a revocable trust run by Donald Trump Jr. and Trump Organisation executive Allen Weisselberg.

Take a look around inside:

[slideshow]
[slide
permalink=”/#though-trump-didnt-develop-the-house-himself-he-added-his-own-flair-to-it-after-purchasing-it-in-2013-1″
title=”Though Trump didn’t develop the house himself, he added his own flair to it after purchasing it in 2013.”
content=””
image=”http://static.businessinsider.com/image/5911df3a73f2f33c008b4b7d”
source=”Sotheby’s International Real Estate”
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credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#plenty-of-light-shines-through-the-main-house-2″
title=”Plenty of light shines through the main house.”
content=””
image=”http://static.businessinsider.com/image/5911df3b73f2f31b008b4b6a”
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#the-front-doors-bear-his-family-crest-3″
title=”The front doors bear his family crest.”
content=””
image=”http://static.businessinsider.com/image/5911ece973f2f32d028b4be0″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#as-expected-theres-a-lot-of-gold-leaf-4″
title=”As expected, there’s a lot of gold leaf.”
content=””
image=”http://static.businessinsider.com/image/5911df3b73f2f34f008b4b81″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#theres-even-a-chandelier-in-the-kitchen-5″
title=”There’s even a chandelier in the kitchen.”
content=””
image=”http://static.businessinsider.com/image/5911df3973f2f351008b4b5e”
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#there-are-also-more-casual-spaces-in-the-home-like-this-media-room–6″
title=”There are also more casual spaces in the home, like this media room …”
content=””
image=”http://static.businessinsider.com/image/5911df3873f2f33c008b4b7c”
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#-and-the-home-gym-7″
title=”… and the home gym.”
content=””
image=”http://static.businessinsider.com/image/5911df3773f2f32b008b4b6b”
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#five-bedrooms-are-spread-throughout-the-main-mansion-8″
title=”Five bedrooms are spread throughout the main mansion.”
content=””
image=”http://static.businessinsider.com/image/5911df3973f2f31b008b4b68″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#all-are-of-an-exceptional-size-9″
title=”All are of an exceptional size.”
content=””
image=”http://static.businessinsider.com/image/5911df3873f2f3f7038b4b02″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#theres-an-elaborate-mural-on-the-ceiling-of-the-dining-room-10″
title=”There’s an elaborate mural on the ceiling of the dining room.”
content=””
image=”http://static.businessinsider.com/image/5911df3b73f2f3f7038b4b04″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#the-bathrooms-are-similarly-opulent-11″
title=”The bathrooms are similarly opulent.”
content=””
image=”http://static.businessinsider.com/image/5911df3973f2f329008b4b81″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#a-guest-house-with-four-bedrooms-is-also-on-the-estate-12″
title=”A guest house with four bedrooms is also on the estate.”
content=””
image=”http://static.businessinsider.com/image/5911df3673f2f31a008b4b4c”
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#its-considerably-more-understated-than-the-main-home-but-it-still-boasts-four-bedrooms-13″
title=”It’s considerably more understated than the main home, but it still boasts four bedrooms.”
content=””
image=”http://static.businessinsider.com/image/5911df3573f2f31b008b4b67″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
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[slide
permalink=”/#the-estate-itself-measures-just-under-five-acres-of-land-with-an-eight-foot-wall-at-the-end-of-the-property-theres-also-a-two-bedroom-managers-area-bringing-the-bedroom-total-to-11-14″
title=”The estate itself measures just under five acres of land, with an eight-foot wall at the end of the property. There’s also a two-bedroom manager’s area, bringing the bedroom total to 11.”
content=””
image=”http://static.businessinsider.com/image/5911df3773f2f34f008b4b80″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#a-pool-and-a-private-beach-provide-plenty-of-options-to-relax-15″
title=”A pool and a private beach provide plenty of options to relax.”
content=””
image=”http://static.businessinsider.com/image/5911df3b73f2f3291b8b4906″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#the-rest-of-the-structures-on-the-property-match-the-main-home-16″
title=”The rest of the structures on the property match the main home.”
content=””
image=”http://static.businessinsider.com/image/5911df3773f2f329008b4b80″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#the-rental-prices-trump-charged-ranged-from-6000-to-28000-per-night-depending-on-the-time-of-year-and-which-of-the-houses-was-being-rented-17″
title=”The rental prices Trump charged ranged from $A7,540 to $A25,000 per night, depending on the time of year and which of the houses was being rented.”
content=””
image=”http://static.businessinsider.com/image/5911df3773f2f351008b4b5d”
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[slide
permalink=”/#its-typical-trump-luxury-18″
title=”It’s typical Trump luxury.”
content=””
image=”http://static.businessinsider.com/image/5911df3c73f2f34f008b4b82″
source=”Sotheby’s International Real Estate”
caption=””
credit_href=”http://www.sothebysrealty.com/eng/sales/detail/180-l-3989-qz6f4w/chateau-des-palmiers-terres-basses-mi-97150″
]
[/slideshow]