Donald Trump's Massive Caribbean Estate Isn't Selling, So He Just Dropped the Price by $11 Million (PICS)

He's owned it for just four years.

When Donald Trump listed his over-the-top Caribbean estate, known as Le Chateau des Palmiers, it was the most expensive listing for sale in the whole area. And now, after the property has spent several months on the market without a buyer, its outsized asking price has gotten a rather significant correction. 

The walled compound originally went up for $28 million. Now, the POTUS has slashed the price by more than $11 million, all the way down to $16.9 million. (The price drop makes it now the second-most expensive listing in the region, according to the Daily Mail.)

Trump bought the estate as a rental property just four years ago. The prime real estate is located on Plum Bay, on the western tip of French St. Martin.

Its centerpiece is a five-bedroom ocean villa, and its buildings also include a four-bedroom garden villa.

In all, the whole place features 11 bedrooms and 12 full bathrooms. 

An eight-foot privacy and security wall surrounds the entirety.

Rental prices begin around $6,000 nightly for the smaller villa, and soar to $28,000 in high season.

Perhaps it's a getaway for you, if you, like Donald Trump, consider more understated properties (like the White House) to be merely "dumps."

Photo: Sotheby's International Realty

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