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Jeffrey Epstein's Palm Beach mansion where he sexually abused underage girls will be DEMOLISHED – Daily Mail
By Harriet Alexander For Dailymail.com
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The Florida mansion where Jeffrey Epstein sexually abused young girls has been bought by a real estate developer who plans to demolish it and start again, after three months languishing unsold.
The waterfront Palm Beach estate, just over a mile from Donald Trump‘s Mar-a-Lago, went on the market in July for $21.995 million.
On Monday, Todd Michael Glaser, a Florida real estate developer, told the Wall Street Journal he has signed a contract to buy the property, and was due to close on it in December.
He plans to tear the property down and replace it with a 14,000-square-foot ‘Art Moderne home’, he told the paper.
‘Palm Beach is going to be very happy that it’s gone,’ he said.
The property has been locked up for over 18 months, since Epstein’s arrest, and has been graffitied with the words with the words ‘GONE BUT NOT FORGIVEN’ in blood-red paint.
His Palm Beach mansion, on El Brillo Way, has been sold to a Florida developer for a reported $18 million
The house has 170 feet of water frontage on the Intracoastal Waterway and space for a private dock
Jeffrey Epstein was facing spending the rest of his life in prison when he died in jail in what was ruled suicide
He declined to confirm the price, but said he received a discount.
Sources told the paper the sale price was around $18 million.
Glaser is known for building extravagantly-designed homes for wealthy and demanding clients, such as a home on Miami’s Star Island that recently sold for about $49.5 million.
He was also one of the developers of the One Thousand Museum tower designed by the late Zaha Hadid in downtown Miami.
In June, Glaser confirmed that he had bought a 1925 mansion in Palm Beach for $17 million, which he intended to ‘restore to its former glory’, and where he intended to live with his wife, Kim.
Glaser has been developing property in the Palm Beach area since 2017.
In February, he and partners Philip Levine, Scott Robins and Jonathan Fryd sold a spec home at 113 Atlantic Avenue for $9.41 million to a scion of the family that founded Cumberland Farms, according to The Real Deal.
Next door, at 111 Atlantic Avenue, another spec home that the partners developed is under contract and is expected to close in July, Glaser said.
The partners also developed two spec villas with a courtyard at 237 Brazilian Avenue in Palm Beach, which recently hit the market for $7.9 million each, the site reported.
The swimming pool at Epstein’s house, shaded by palm trees
The millionaire financier bought the property in 1990 for $2.5 million, according to records
Epstein’s home (bottom right, with the white roof) is in an area considered prime Palm Beach real estate
Epstein, who died in jail awaiting his sex trafficking trial in August 2019, bought the Palm Beach property in 1990 for $2.5 million.
The property has roughly 170 feet of water frontage on the Intracoastal Waterway, with space for a dock.
The six-bedroom, roughly 14,000-square-foot house with a large swimming pool was designed by architect John Volk in what is described as West Indies style.
The house was where the crimes that would eventually lead to his downfall were first reported, in 2005.
Epstein had been recruiting teenage girls for ‘massages’ from Palm Beach high school, and one eventually confessed to her mother what was going on, who then went to the police.
Epstein’s private island in the US Virgin Islands, Little St James; his New Mexico ranch and his Manhattan townhouse were also venues for abuse.
The New York townhouse is still on the market, asking $88 million, according to the website of the listing agent, Adam Modlin of Modlin Group.
What a waste of resources.
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