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
    71 Curlew Road and James and Kimberly Caccavo (LinkedIn, Steelpoint Capital Partners, Google Maps)
    PE boss James Caccavo drops $11M on waterfront Manalapan spec home
    PE boss James Caccavo drops $11M on waterfront Manalapan spec home
    Sean Hannity with 9 Sloans Curve Drive (Getty, Google Maps)
    Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
    Palm Beach green-lights addition for Sean Hannity’s oceanfront townhouse
    404 East Coconut Palm Road in Boca Raton (Google Maps, Getty)
    Waterfront Boca Raton spec mansion sells for $19M
    Waterfront Boca Raton spec mansion sells for $19M
    (Illustration by The Real Deal; Getty)
    North Palm Beach caps height of two-story homes
    North Palm Beach caps height of two-story homes
    211 Dunbar Road (Google Maps)
    Good ROI? Wealth manager sells non-waterfront Palm Beach estate for $21M
    Good ROI? Wealth manager sells non-waterfront Palm Beach estate for $21M
    Estée Lauder and 144 Everglade Avenue (Getty, Google Maps)
    Estée Lauder’s former Palm Beach estate gets designated historic
    Estée Lauder’s former Palm Beach estate gets designated historic
    Mount Vernon Company's Bruce Percelay and 210 Palmo Way, Palm Beach (Google Maps, Linkedin, Getty)
    Boston real estate chief sells non-waterfront Palm Beach lot for $10M
    Boston real estate chief sells non-waterfront Palm Beach lot for $10M
    124 Brazilian Avenue (Google Maps)
    VC head Robert Burch sells Palm Beach estate for $24M
    VC head Robert Burch sells Palm Beach estate for $24M
    arrow_forward_ios

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

    Loading...