This year, the party will have a "modern fantasy garden" theme, the Post reported, going against past years' more "garish" decor to opt for something more "muted, sophisticated and fitting for a president".
Membership applications at Mar-a-Lago surged after Trump was elected, leading the club to double its initiation fee to US$200,000 this year.
North Korean dictator Kim Jong Un addressed his country on New Year's Day and announced he now had a nuclear button on his desk after completing work on his nuclear arsenal.
President Donald Trump is staying at his Mar-a-Lago home and will attend a New Year's Eve ball Sunday evening.
Trump supporters says the "glam night" will be worth the extra security and costly entrance fees, with Toni Holy Kramer telling the Washington Post: "I think everyone is more excited this year than last year, because then he was president-elect, he hadn't been sworn in".
When the president visits Mar-a-Lago all air operations, with a few exceptions, are prohibited within the 10-mile inner circle ring centered on Palm Beach International Airport.
Mr Trump cited his success in placing a justice on the Supreme Court, his efforts to cut regulations and his big win on overhauling taxes, which he falsely described as the "largest tax cut in the history of our country".
"Why would smart voters want to put Democrats in Congress in 2018 Election when their policies will totally kill the great wealth created during the months since the Election".
Mr. Trump offered his "deepest condolences" to the victims of the shooting, adding "we love our police and law enforcement".
According to a tally kept by NBC News, Trump has spent 113 of the 342 days of his presidency at one of his properties.
Trump and Scott - who have broken bread together at least three other times in Washington and in Bedminster, N.J.