President Trump’s Caribbean estate selling for $16.9 million

U.S. President Donald Trump makes an announcement on the introduction of the Reforming American Immigration for a Strong Economy (RAISE) Act in the Roosevelt Room at the White House on August 2, 2017 in Washington, DC. The act aims to overhaul U.S. immigration by moving towards a "merit-based" system. (Photo by Zach Gibson - Pool/Getty Images)
Caption
U.S. President Donald Trump makes an announcement on the introduction of the Reforming American Immigration for a Strong Economy (RAISE) Act in the Roosevelt Room at the White House on August 2, 2017 in Washington, DC. The act aims to overhaul U.S. immigration by moving towards a "merit-based" system. (Photo by Zach Gibson - Pool/Getty Images)

Credit: Pool

Credit: Pool

President Trump's St. Martin estate, Chateau Des Palmiers, has run into some issues selling since being listed in May.

Since its initial listing for $28 million on Sotheby's International Reality, the price for the estate has dropped more than $11 million to $16.9 million, reports Business Insider.

Chateau Des Palmiers is a beachfront property that contains 11 bedrooms and 12 bathrooms. A listing on 7th Heaven Properties provides details about the property for potential buyers:

Located in a highly exclusive gated enclave a direct beachfront location, the world-class residence comprises an ocean side villa, a garden side villa and a manager’s house, plus a wide range of amenities, including: a huge heated pool, an open air and air conditioned fitness center, a tennis court, and covered outdoor bar, billiards and dining areas.

Trump purchased the property for an undisclosed amount in 2013.