Jeffrey Epstein's Palm Beach mansion will be demolished
November 10, 2020 - Palm Beach
Todd Michael Glaser, a Florida real-estate developer, has signed a contract to buy a Palm Beach waterfront property from the estate of the late financier and convicted sex offender Jeffrey Epstein. The Epstein house came on the market in July for $21.995 million.
Mr. Glaser plans to tear the property down and replace it with a 14,000-square-foot Art Moderne home.
Mr. Glaser was also one of the developers of the One Thousand Museum tower designed by the late Zaha Hadid in downtown Miami.
Mr. Epstein bought the house for $2.5 million in 1990, records show. The funds from the sales will contribute to Epstein's estate, which will serve as a compensation fund for victims of Epstein's alleged abuse, some of which took place at the Florida residence.
It was one of six luxury properties owned by Epstein, who was arrested on sex trafficking suspicions in 2019.
Sources: WSJ - Business Insider
Tags:
blog, Mansion, Estate of the Day
