Jeffrey Epstein’s Palm Beach house under contract

Spec home developer Todd Micahel Glaser previously said it would sell for $16M

Miami /
Nov.November 02, 2020 03:15 PM
Jeffrey Epstein and 358 El Brillo Way (Getty, Corcoran Group)
Jeffrey Epstein and 358 El Brillo Way (Getty, Corcoran Group)

Spec home developer Todd Michael Glaser is under contract to buy the Palm Beach property owned by the late financier and convicted sex offender Jeffrey Epstein.

The waterfront mansion at 358 El Brillo Way hit the market in July for $22 million, along with Epstein’s New York townhouse, which is asking $88 million. Kerry Warwick of the Corcoran Group has the Palm Beach listing.

Glaser, who previously said he believed the home would sell for its land value – closer to $16 million – predicted it would be a teardown. Glaser told the Wall Street Journal that he plans to replace the home with a 14,000-square-foot Art Moderne mansion.

“Palm Beach is going to be very happy that it’s gone,” Glaser, who declined to disclose his offer amount, told the Journal. Glaser, a co-developer of One Thousand Museum, built 22 Star Island Drive, which Lennar Corp. Executive Chairman Stuart Miller sold earlier this year for $49.5 million.

Epstein paid $2.5 million for the Palm Beach property in 1990. The six-bedroom, 14,000-square-foot house was designed by architect John Volk.

Epstein allegedly used both properties in New York and Palm Beach to sexually abuse dozens of young girls, luring them for naked massage sessions and sometimes paying them hundreds of dollars in cash, according to prosecutors. He died in his Metropolitan Correctional Center jail cell in New York in August 2019.

The Palm Beach Daily News first reported Glaser’s offer.

[WSJ] – Katherine Kallergis


Related Articles

arrow_forward_ios
Ardie Tavangarian sells Pacific Palisades spec mansion for record $83M
Ardie Tavangarian sells Pacific Palisades spec mansion for record $83M
Ardie Tavangarian sells Pacific Palisades spec mansion for record $83M
SeneGence founder Joni Rogers-Kante bought the home in 2017 (Coldwell Banker Realty, SeneGence)
Multilevel marketing CEO seeks $50M for Irvine mansion
Multilevel marketing CEO seeks $50M for Irvine mansion
The Beverly Hills spec mansion that Ekkehart Hassels-Weiler bought in 2019. The property is full of structural defects that Hassels-Weilers alleges developers Ian Livingstone and Max Fowles-Pazdro concealed (Luca Lanzetta Group)
Mansion buyer beware: $43M spec home a “catastrophic failure,” suit alleges
Mansion buyer beware: $43M spec home a “catastrophic failure,” suit alleges
Helen Mirren and Taylor Hackford with their Hollywood home (Getty, Redfin)
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
Director Todd Phillips and the property (Getty, Coldwell Banker Realty)
“The Joker” director seriously asks $35M for Beverly Hills mansion
“The Joker” director seriously asks $35M for Beverly Hills mansion
Johnny Hallyday and the Pacific Palisades property (Getty, Coldwell Banker Realty)
Merci, merci beaucoup: French Elvis’ 12K sf mansion sells
Merci, merci beaucoup: French Elvis’ 12K sf mansion sells
Mitt Romney and the La Jolla beachfront property (Google Maps, Getty)
Mitt Romney sells 11K-sf La Jolla mansion
Mitt Romney sells 11K-sf La Jolla mansion
Mohamed Hadid and Franklin Canyon Park (Getty, Mountains Recreation and Conservation Authority)
For Mohamed Hadid’s latest offering, 70 acres of undeveloped land
For Mohamed Hadid’s latest offering, 70 acres of undeveloped land
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...