Jeffrey Epstein’s Palm Beach house sells for $19M

Convicted sex offender’s home hit the market in July for $22M with Corcoran

Miami /
Mar.March 12, 2021 06:05 PM
Jeffrey Epstein and 358 El Brillo Way (Getty, Corcoran Group)

Jeffrey Epstein and 358 El Brillo Way (Getty, Corcoran Group)

The former Palm Beach home of convicted sex offender Jeffrey Epstein sold to developer Todd Michael Glaser for $18.5 million.

The closing follows news that Epstein’s former Upper East Side home also sold for $51 million. Epstein was accused of sexually abusing dozens of young girls in both homes. He died in his Metropolitan Correctional Center jail cell in New York in August 2019.

Spec home developer Glaser had been in contract to buy the home at 358 El Brillo Way for months. He plans to demolish the waterfront house in mid-April, and is working on designs for the property, he said. Following the record sale of 535 North County Road in Palm Beach — which he did not build but which sold for more than $120 million in February — Glaser said he will design a Jetsons-esque, mid-century modern mansion.

Glaser financed his purchase with a $13 million loan from Jonathan Fryd, he said.

Kerry Warwick of the Corcoran Group represented the seller. It was listed in July for $22 million. The proceeds from the sale of both Palm Beach and New York properties will go to Epstein’s victims and creditors.

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






    Related Articles

    arrow_forward_ios
    IRA Capital makes $16M medical office play in Boca Raton
    IRA Capital makes $16M medical office play in Boca Raton
    IRA Capital makes $16M medical office play in Boca Raton
    Billionaire Don Hankey buys Highland Beach mansion for $30M
    Billionaire Don Hankey buys oceanfront Highland Beach mansion for $30M
    Billionaire Don Hankey buys oceanfront Highland Beach mansion for $30M
    2714 Sheltingham Drive with Fred and Lora Jean Drasner (Berkshire Hathaway)
    Former New York Daily News co-owner buys Wellington mansion for $5M
    Former New York Daily News co-owner buys Wellington mansion for $5M
    Sabal Development sells another non-waterfront Miami Beach spec house for nearly $6M
    Sabal Development sells another non-waterfront Miami Beach spec house for nearly $6M
    Sabal Development sells another non-waterfront Miami Beach spec house for nearly $6M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Former Palm Beach councilwoman sells lakefront mansion for $38M
    Trian’s Nelson Peltz, Ed Garden and Peter May with the office building (Trian, New England Development)
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Billionaire Nelson Peltz’s Trian Partners buys Palm Beach office building for $23M
    Todd Glaser and David Skok with 360 El Brillo Way (Facebook via Skok, Premier Estates)
    Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
    Venture capitalist David Skok pays $26M for Jeffrey Epstein’s former Palm Beach property
    Investors buy Palm Beach office building for $38M
    Investors buy Palm Beach office building for $38M
    Investors buy Palm Beach office building for $38M
    arrow_forward_ios

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

    Loading...