Alert – Living in Trump’s Mar-A-Lago paradise is becoming a nightmare – Palm Beach locals are selling up

If you want to live near the US president, now’s your chance… it will only cost you a few million dollars and some annoyance.

It seems President Donald Trump’s wealthy Palm Beach neighbors may have had enough as several multimillion homes have hit the market and at least five have already been sold since the Republican took office for a second time. 

The idyllic neighborhood located off the sunny Florida coast is filled with grandeur mansions shaded by its namesake, palm trees. Not to mention the zero-income tax that draws in billionaires. 

But it’s also home to Mar-a-Lago – Trump’s palatial estate – and when the 47th president is in town, its security zone too – which may be the reason why some residents are ditching the wealthy enclave. 

‘It’s not ideal,’ Corcoran Group Realtor Shelly Newman told the DailyMail.com. 

The zone starts at Trump’s estate and runs the length of South Ocean Boulevard up north seven blocks, roughly ending at Clarendon Avenue. 

Newman said the security perimeter is in-tact during the weekend when the US leader is in town, but it normally doesn’t affect residents on weekdays. 

‘You get used to it,’ Newman, who also lives on the island, said. 

It seems President Donald Trump ‘s wealthy Palm Beach neighbors may have had enough as several multimillion homes have hit the market and at least five have already been sold since the Republican took office for a second time 

Pictured: Palm Beach’s security perimeter and the homes that have sold and are currently on the market within its borders 

The most recent home sold in the security perimeter was 168 Kings Road, which went for $12million – $2million less than it was sold for in September 2023

Right after the election, Newman saw a small bump in homes sales on the island near Mar-a-Lago, but the buyers were mainly those from Trump’s camp who wanted homes close to his club. 

The most recent home sold in the security perimeter was 168 Kings Road, which went for $12million – $2million less than it was sold for in September 2023. 

It was the latest property that has changed ownership since December.  

Now, the trend is stabilizing and home prices are coming down. 

Currently, three homes are available to purchase inside the security perimeter on Via Palma, Woodbridge Road and South Ocean Boulevard. 

Newman also just listed a plot of land for a whopping $200million on South Ocean Boulevard, where homes tend to go for higher prices considering the road’s beach access and the fact it isn’t landlocked. 

‘It’s very, very difficult to get a good piece of property [here],’ Newman said.

The island also provides ‘limited inventory’, which Newman said is a ‘good thing’. 

‘It’s not ideal,’ Corcoran Group Realtor Shelly Newman (pictured) told the DailyMail.com about the security zone

1048 S Ocean Boulevard is currently listed for nearly $24million and is inside the security zone

129 Woodbridge Road, which is also within the zone, is pending in sale. Its listing price was $14.95million

The wealthy with enough funds to live on the prestigious island have too many reasons not to leave and to stick out the annoying security zone, including Florida being a no-income tax state – making it a jewel for billionaires.  

And most won’t leave because they have ‘no place to go’ that offers the same luxuries as Palm Beach. 

‘It’s very safe here,’ she said. Newman, who has worked in Palm Beach realtor for 10 years, said the island is ‘beautiful’ and ‘comfortable’ and offers ‘easy living’. 

The area also has access to an international airport, the middle part of the island is walkable, and the neighborhood has qualities that would be ‘hard to replace’ elsewhere. 

Newman herself has lived on a yacht and in a penthouse and near Mar-a-Lago and enjoys the area.  

‘Palm Beach has always been a place the wealthy wanted to be,’ she said. 

One of the downsides of the island is that New York City’s wealthiest have been coming in droves since the pandemic, upsetting some old-timers who enjoyed Palm Beach’s unique atmosphere. 

With wealthier owners comes higher prices. 

Right after the election, Newman saw a small buzz in purchases on the island near Mar-a-Lago, but it was mainly Trump’s camp wanting homes close to his club, she said. Pictured: Homes recently sold – or for rent – in the security zone

The island also provides ‘limited inventory,’ which Newman said is a ‘good thing.’ And most won’t leave because they have ‘no place to go’ that offers the same luxuries as Palm Beach. Pictured: Homes recently sold – or for rent – in the security zone

‘Everything’s gone up in price,’ Newman said. ‘It’s completely different.’ 

Despite the newbies coming into town, she doesn’t expect any more big changes to the housing market and foresees prices stabilizing. 

Homes that were priced high during the COVID-19 pandemic are now starting to level and now that Trump’s inner circle is mainly settled, she doesn’t see much more drastic price change in the exclusive enclave. 

And four years from now, Newman believes that Trump’s appointees won’t leave after his term is up. 

It’s Palm Beach, after all.