Previously unnamed, the buyer of Donald Trump’s $100 million oceanfront estate is Russian billionaire Dmitry Rybolovlev, according to reports.

Rybolovlev is said to have acquired his fortune in the fertilizer industry and has no plans to relocate his primary residence to the United States, commenting to news sources that this latest purchase is merely an investment.

Trump bought the property four years ago at auction for $41.4 million and poured $25 million into renovations, producing a 62,000 square foot estate with nine bedrooms, conservatory, ballroom, art gallery, two guest houses and 48-car garage.

Rybolovlev was listed at number 59 on the Forbes list of billionaires, estimated at a worth of $12.8 billion.

A 62,000 square-foot oceanfront mansion owned by Donald Trump has reportedly sold for its full asking price of $100 million to an unnamed foreign buyer.

Trump bought the 6-acre property in 2004 for 41.35 million and spent $25 million renovating it to include nine bedrooms, media room, wine room, art gallery, conservatory, ballroom, two guest houses and a 48-car garage.

Trump predicted he would sell the property at that exact price three years ago, before it ever went on sale.  After toying with the idea of converting the property into a luxury hotel, he dropped his original asking price of $125 million recently, after reportedly turning down offers ranging between $85 and $90 million.

According to reports, the unnamed buyer is contemplating tearing down the current structures and perhaps dividing the land into multiple parcels.

Since 1917, the property has been bought, sold, razed and remodeled several times over by prominent businessmen, including a family member of the founder of Dun & Bradstreet, the onetime president of Standard Oil and chief executive of Limited Brands, Inc., among others.

Proving once again that Palm Beach follows its own set of rules, word on the Island is that George and Frayda Lindemann’s oceanfront residence at 60 Blossom Way has been sold for a price rumored to be between $70 and $80 million – and it wasn’t even on the market.

The 27,000 square feet Balinese-style mansion is situated on a 3.7 acre lot and has 320 feet of private beach.  The Lindemanns finished building their home, designed by Peter Marino, in 2000.

Clearly, the offer was too tempting to pass up. However, according to reports, the Lindemanns will stay in Palm Beach, possibly moving farther North and into a smaller, more manageable residence.

This comes just after the recent reported $75 million sale of Sidney Kimmel’s property just to the North. That property was listed with The Corcoran Group and had several competing bidders before selling to an anonymous buyer.

Falling in love with a locale is easy when you live in Palm Beach, agree real estate broker Scott Gordon of Scott Gordon Realty and Exclusive Estates, A Division of Scott Gordon Realty.

After all, they ask, how many places can you live where the weather is almost prefect every day, the landscape is breathtaking and the town is impeccably maintained?

"Our town is one of the most secure communities on the east coast, as well. As a winter destination, Palm Beach is easily accessible. It offers the finest shopping, resorts, dining and cultural and charitable events," says Gordon. "If you are raising a family, this intimate town offers some of the finest schools and family activities."

If you are mindful of living a quality lifestyle with first-class amenities and all the conveniences of a world-class community, Palm Beach should be tops on your list. Whether you are looking at your immediate plans or looking in to the future, real estate in the Palm Beach has maintained its value.

Over the years Scott Gordon Realty has established a strong presence in the Palm Beach and Manalapan real estate markets.

Gordon says they welcome inquiries from those who want to learn more about Palm Beach as a place to invest in high-quality properties while enjoying the community's remarkable lifestyle.

Scott Gordon Realty is in the Plaza Del Mar Shopping Center in Manalapan; call (561) 533-5888. For information, visit the Web sites www.scottgordonrealty.com and www.exclusiveestates.info.

Wang and her brother Kenneth inherited the Spanish Mediterranean-style residence from their father, C.C. Wang, who bought it in 1995. Located at 640 S. Ocean Blvd., the 1923 mansion designed by noted Palm Beach architect Addison Mizner has fond memories for the well-known fashion designer.

Wang remembers the days when her children, now 17 and 14, were younger and the house seemed to be bursting at the seams with children running around, recalling with pride that it sometimes felt like a day care center.

Wang, who describes Mizner’s architectural style as “Spanish lite” says she has always been fascinated by his work, especially the sense of whimsy that shows through.  She describes Mizner’s style as dramatic, and appreciates the fact that some of his proportions aren’t quite, well, proportional.  When asked how she would design an Addison Mizner inspired dress, Wang immediately offered that it would have an uneven hemline.  Add some exotic color combinations and some peacock feathers and there you go – another one-of-a-kind Vera Wang creation!

Via Tranquilla is offered for sale at $19 million.  Its east wall faces the Ocean, where the master suite and four guest bedrooms, each with its own bathroom, are located.  There are a total of 11 bedrooms, one of which on the Northeast corner could be used as a second master suite.  There are 10 bathrooms, and the total square footage is 11,654, with 9,706 square feet of indoor living space.