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Trump buys Kluge's former estate Va. for $6.5M

Thursday - 9/27/2012, 1:40pm  ET

CHARLOTTESVILLE, Va. - Real estate mogul and reality TV figure Donald Trump is the new owner of onetime socialite Patricia Kluge's former estate in rural Virginia.

The Washington Post ( http://wapo.st/VKisJQ) says Trump bought the 45-room Albemarle House and 3,000 acres in Albemarle County for $6.5 million. That's far less than the $100 million Kluge sought three years ago when she put the estate on the market.

Bank of America foreclosed on the estate and bought it for $16 million last year at a foreclosure auction.

Trump's son, Eric Trump, says options for the property include developing the land into a PGA Tour-worthy golf course and converting the house into an elegant inn.

Donald Trump previously bought a winery from Kluge and her husband, William Moses, after the bank foreclosed on the business.

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Information from: The Washington Post, http://www.washingtonpost.com


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)