“The razing of the palatial home might come as welcome news to residents … “
GOOD RIDDANCE |
Notorious serial sex offender’s former estate to be bulldozed |
The $22 million Palm Beach mansion owned by financier and convicted sex offender Jeffrey Epstein will be demolished to make way for an even more expensive home, according to the developer who is buying it.
The six-bedroom, 14,000-square-foot waterfront home with a staff house and pool house was previously owned by Epstein, who died while in prison in 2019 after being arrested on federal charges for allegedly running a sex-trafficking enterprise between his Manhattan home and his Palm Beach estate.
The home was put on the market in July and Corcoran agent Kerry Warwick confirmed it is currently in contract for purchase.
The buyer is Todd Michael Glaser, a Florida-based developer who specializes in multimillion-dollar tear downs. Glaser said the demolition isn’t in particular response to Epstein’s ownership.
“We would have knocked it down either way,” he said …
Glaser declined to name the sale price for the home that was listed at nearly $22 million.
The razing of the palatial home might come as welcome news to residents of the exclusive Estate Section of Palm Beach, said Glaser.
Ultra-wealthy seasonal residents have homes in the neighborhood, which includes clubs like President Donald Trump’s Mar-a-Lago.
Glaser said he intends to build an Art Moderne residence that he expects to be completed in the spring of 2022. He said he plans to put it on the market for around $40 million …
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