Michael Emilio

Real estate developer and mogul Donald Trump is listing a West Palm Beach home for $125 million, considered to be the highest listing price ever for a single-family home in the United States. The price is likely the highest ever for a single-family home in the U.S.But Mr. Trump has run into some problems while renovating the West Palm Beach home. “I was going to do a minor job, but it turned into a major renovation,” the developer says. “We’re gutting the whole thing and redoing almost all of the property.” Though not yet officially listed on the MLS, the home is being shown to potential buyers.

Donald Trump, 59 years old, originally purchased the seven-acre oceanfront property for $41.25 million in 2004 during an auction at U.S. Bankruptcy Court in West Palm Beach, Florida. The original owner, former health-care executive Abe Gosman, purchased the land for $12.1 million in 1986 and later built the dwelling.