Trump's Treasury Pick Scott Bessent Lists Historic Charleston "Pink Palace" for $22.5M.

On Friday, Donald Trump made it official by choosing hedge fund mogul Scott Bessent as his Treasury Secretary. It seems like Scott might be gearing up for a move to Washington D.C., as he recently put his stunning mansion in Charleston, South Carolina, on the market for $22.5 million.

This historic property has roots that go back almost 200 years. The land was first purchased in 1838 by John Ravenel, who was the president of the South Carolina Railroad. Interestingly, he’s likely a distant relative of Thomas Ravenel, a cast member from the Charleston reality show "Southern Charm."

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The original mansion built by John Ravenel was lost to an earthquake in 1886, but his son-in-law, Elias Horry Frost, rebuilt it. Over the years, the estate changed hands multiple times and even served as a bed-and-breakfast at one point.

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Scott Bessent and his husband picked up this historic gem in 2016 for $6.5 million. They undertook a significant renovation of the three-story pink mansion before moving in at the end of 2019. The place boasts seven bedrooms, eight bathrooms, four bars, a pool, a spa, a formal garden, and a three-bedroom carriage house.

Scott put the home on the market in late October, and his asking price of $22.5 million would break the record for the highest home sale in Charleston, surpassing the current record of $20.5 million.

Scott Bessent’s historic Charleston mansion is a stunning blend of timeless elegance and modern luxury. Dating back to 1838, the property has been carefully restored, preserving its rich history while offering luxurious amenities. The three-story pink mansion features seven spacious bedrooms, eight bathrooms, four bars, a pool, spa, and formal gardens, along with a three-bedroom carriage house.

With meticulous renovations, this estate stands as one of Charleston’s most remarkable properties. Priced at $22.5 million, it has the potential to break local records, showcasing not only its grandeur but also its exceptional place in Charleston’s rich architectural heritage.