The infamous Palm Beach, FL, mansion where convicted sex offender Jeffrey Epstein abused underage girls and young women will soon meet the wrecking ball.
Florida real estate developer Todd Michael Glaser told the Wall Street Journal he signed a contract to purchase the six-bedroom, 7.5-bathroom mansion where the disgraced financier allegedly sexually assaulted his victims. The sprawling, waterfront estate on the Intracoastal Waterway is about a mile away from President Donald Trump‘s tony club Mar-a-Lago. The deal is expected to go through next month.
Glaser plans to raze the notorious residence and put up a 14,000-square-foot, Art Moderne mansion in its place.
“Palm Beach is going to be very happy that it’s gone,” said Glaser, who has a reputation for building ultraluxe spec mansions.
Local real estate professionals would agree.
“It’s a good thing” to tear it down, says luxury real estate agent Mary Jane “MJ” McElwaney, of the Nicklaus Vance Realty Group in North Palm Beach, FL. “There was a definite stigma attached to the house. It’ll be a betterment to the community to get rid of the house and the bad energy attached to it.”
Epstein’s former estate is still listed for sale on realtor.com® for just under $22 million. It went on the market in July. Someone close to the deal told the Journal Glaser paid around $18 million for the mansion.
“That’s a good buy,” says McElwaney. “The location is very desirable.”
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