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4/30/2011

Seven Springs Estate

Donald Trump bought a Georgian-style mansion in Bedford, New York for $7.5 million. It was built in 1919 and was once home to former Washington Post owner Eugene I. Meyer Jr. The residence on the 200-acre estate has 13 bedrooms, 12 bathrooms, a two-story playroom and a marble, indoor swimming pool.

Trump had originally planned to build a golf course in the area, but he faced opposition from the towns of Bedford, New Castle and North Castle, in part because residents feared that pollution from the chemically treated greens would find its way into the Byram Lake reservoir and contaminate their drinking water.

After scrapping plans for the golf course, Trump decided instead to build 15 luxury homes on the property and renovate the existing ones, including his own. The new properties were expected to occupy approximately 15,000 square feet on 10-acre lots, have their own pools and tennis courts and sell for $25 million each. However, in 2008, Trump halted the project, and he plans to leave it on hold until the housing market recovers.

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