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 06:10 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
Dr. Ernst A. Langner and Nataly Langner with their Palm Beach estate (Compass, Dr. E.A. Langner-Foundation)
German entrepreneur sells oceanfront Palm Beach estate for $110M
German entrepreneur sells oceanfront Palm Beach estate for $110M
Edgar Bronfman Jr. and his Palm Beach home (Getty, 200 Regents / Sotheby's)
Liquor dynasty scion Edgar Bronfman Jr. buys Palm Beach home for $12M
Liquor dynasty scion Edgar Bronfman Jr. buys Palm Beach home for $12M
Suzanne Frisbie and Corcoran CEO Pam Liebman (Corcoran)
Suzanne Frisbie returns to Corcoran in Palm Beach
Suzanne Frisbie returns to Corcoran in Palm Beach
(Christian J. Angle Real Estate)
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
Waterfront Palm Beach home sells for $33M after nearly 30 years in family’s hands
232 Bahama Lane in Palm Beach, Jeffrey A. & Erica R. Keswin (middle) and Scott Goodwin & Kimberly Goodwin (right) (Photos via Compass, Facebook, Getty, Lyrical AM)
Hedge funders galore: One flips Palm Beach home to another for $7M
Hedge funders galore: One flips Palm Beach home to another for $7M
Igor Tulchinsky and 12088 Banyan Road (Getty, Douglas Elliman)
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Hedge funder Igor Tulchinsky spends $40M on oceanfront North Palm Beach mansion
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Cosmetic mogul Adrien Arpel and the Palm Beach home. (Getty, Frankel Ball Realty)
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
Cosmetic mogul Adrien Arpel sells waterfront Palm Beach home for $25M
arrow_forward_ios

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

Loading...