The $22 million mansion owned by convicted intercourse offender Jeffrey Epstein will be demolished, The Wall Street Journal reported.
The funds from the sale of the six-bedroom, 14,000-square-foot waterfront dwelling with a employees home and pool home will contribute to Epstein’s estate, which is able to function a compensation fund for victims of Epstein’s alleged abuse, a few of which occurred on the Florida residence, according to the Miami Herald.
The Palm Beach mansion – considered one of six luxurious properties owned by Epstein, was put in the marketplace in July and Corcoran agent Kerry Warwick confirmed it’s presently in contract for buy.
Jeffrey Epstein’s other properties are anticipated to hit the market as nicely.
Florida-based developer Todd Michael Glaser advised WSJ that he bought the Palm Beach property in a deal set to shut in December. Glaser mentioned the demolition will not be due to Epstein’s possession.
“We would have knocked it down either way,” he mentioned.
Glaser advised CNN he intends to construct an Art Moderne residence that he expects to be accomplished within the spring of 2022. He mentioned he plans to advertise for round $40 million.
Jeffrey Epstein the millionaire financier, with ties to celebrities, politicians, and royalty, was arrested in July 2019 for allegedly operating a sex-trafficking enterprise between his Manhattan dwelling and his Palm Beach property. His demise in jail got here in simply few weeks after arrest. Read extra about Jeffrey Epstein through this link