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

Business Insider Australia logo Business Insider Australia 4/08/2017 Dennis Green, Mary Hanbury

Trump st. martin © Provided by Business Insider Inc Trump st. martin 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.  Though Trump didn't develop the house himself, he added his own flair to it after purchasing it in 2013.

Take a look around inside:

© Provided by Business Insider Inc

© Provided by Business Insider Inc

© Provided by Business Insider Inc

It's typical Trump luxury.

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