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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 M106UzN2ZYTcJzyPqaGug2jsWBHaUYiLBIRJgV6fWa5WLALBZDS657+bqZoyBgR1
 z8z/bWnRCaZ6JG0xmwWZKg==

<SEC-DOCUMENT>0001449932-08-000001.txt : 20081209
<SEC-HEADER>0001449932-08-000001.hdr.sgml : 20081209
<ACCEPTANCE-DATETIME>20081209110902
ACCESSION NUMBER:		0001449932-08-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20081209
EFFECTIVENESS DATE:		20081209

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Trophy Property Development L.P.
		CENTRAL INDEX KEY:			0001449932
		IRS NUMBER:				980583909
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1208

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-124841
		FILM NUMBER:		081237408

	BUSINESS ADDRESS:	
		STREET 1:		WINNINGTON CAP. LTD-406 ST. GEORGE'S BLD
		STREET 2:		2 ICE HOUSE STREET
		CITY:			CENTRAL
		STATE:			K3
		ZIP:			CENTRAL
		BUSINESS PHONE:		852-2913-7000

	MAIL ADDRESS:	
		STREET 1:		WINNINGTON CAP. LTD-406 ST. GEORGE'S BLD
		STREET 2:		2 ICE HOUSE STREET
		CITY:			CENTRAL
		STATE:			K3
		ZIP:			CENTRAL
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0101</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001449932</cik>
        <entityName>Trophy Property Development L.P.</entityName>
        <issuerAddress>
            <street1>WINNINGTON CAP. LTD-406 ST. GEORGE'S BLD</street1>
            <street2>2 ICE HOUSE STREET</street2>
            <city>CENTRAL</city>
            <stateOrCountry>K3</stateOrCountry>
            <zipCode>CENTRAL</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>852-2913-7000</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>Trophy Property Development Fund L.P.</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>E9</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Paul</firstName>
                <middleName></middleName>
                <lastName>Serfaty</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>WINNINGTON CAP. LTD-406 ST. GEORGE'S BLD</street1>
                <street2>2 Ice House Street</street2>
                <city>Central</city>
                <stateOrCountry>K3</stateOrCountry>
                <zipCode>10080</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>Decline to Disclose</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2008-04-28</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>5000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>N/A</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>C.P. Eaton Partners, LLC</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>131 Rowayton Avenue</street1>
                    <street2></street2>
                    <city>Rowayton</city>
                    <stateOrCountry>CT</stateOrCountry>
                    <zipCode>06853</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>1005598500</totalOfferingAmount>
            <totalAmountSold>1005598500</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>31</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>1574289</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Trophy Property Development L.P.</issuerName>
                <signatureName>/s/ Paul Serfaty</signatureName>
                <nameOfSigner>Paul Serfaty</nameOfSigner>
                <signatureTitle>Authorized Signatory</signatureTitle>
                <signatureDate>2008-11-18</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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