Dmitry Rybolovlev Planning to Tear Down 'Maison de L'Amitie'

Posted by Rapti Gupta on Jun 04, 2013 09:36 AM EDT
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The Maison de L'Amitiemore big
Dmitry Rybolovlev could possibly subdivide the 6.26 acre estate into smaller lots, but that is only a possibility. It is uncertain what he plans to do with it after he razes it down. (Photo : Realestalker)

Dmitry Rybolovlev, the Russian billionaire and fertilizer tycoon, is reportedly planning to raze down the mansion "Maison de L'Amitie" in Palm Beach, Florida, that he purchased from property mogul Donald Trump for $95 million in 2008, according to several media reports. 

Trump purchased the home back in 2004 from popular philanthropist, Abe Gosman, for $41.4 million. He then spent around $3 million to renovate the place, giving the mega-manse a fresh coat of paint and a proper cleaning.

He sold it to Rybolovlev due to "mold" problems. When Trump sold the mansion, the house was the biggest single-family residence sale of Palm Beach.

Maybe the problem hasn't gotten under control yet, which is why Rybolovlev is tearing down the place. Details about what the Russian tycoon wants to do with the house are undisclosed. A source said to that he might possibly subdivide the 6.26 acre estate into smaller lots, but that was only a possibility. However, the source confirmed that the home will be leveled by the end of the year.

"I don't care about the house. I bought it for $41 million, put in $3 worth of paint and gave it a good cleaning - and I sold it for the highest price ever for a single family home," Trump said when asked about the matter. "I don't know what he wants to do with it, and I couldn't care less..

The folks at Forbes took a tour of the house when it was listed for $125 million. Take a tour of the house in a video below:

But Rybolovlev is not the only one catching real estate headlines. More recently, Ekaterina Rybolovleva, the 24-year-old daughter of the tycoon, purchased the private island of Skorpios in Greece for an undisclosed amount. The island was sold by Athina Onassis Roussel, the sole surviving heir of late shipping magnate Aristotle Onassis. Like Father, like daughter!

However, that sale has gotten into a legal battle now. It is being reviewed by the Greek State Legal Council after Yiannis Michelakis, a member of the New Democracy Party, raised doubts about the sale.

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