It’s the sort of question that has spawned countless horror movies and series.
Would you move into a home where somebody died?
If yes, would you move into a home where somebody was murdered?
Once you’ve answered that, consider this – would you move into a mansion where a convicted paedophile is alleged to have abused countless underage girls, and run a sex-trafficking operation?
Jeffrey Epstein died a rich man (and a scared man), with an extensive list of properties under his estate.
One of those was his Palm Beach mansion, which was listed on sale for $22 million, and recently snapped up by a developer.
Epstein bought the property for $2,5 million back in 1990.
It seems living in the mansion itself might be a stretch, but it’s all about location. CNN reports below:
The six-bedroom, 14,000-square-foot waterfront home with a staff house and pool house was previously owned by Epstein…
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.
OK, but I feel like the whole sex-trafficking thing may have played a slight role in that decision.
Whilst Glaser hasn’t publicly stated the sale price, it’s believed to be in the same ballpark as the asking price.
Spending that large a sum on a property, only to knock it down, may seem odd, but again, it’s all about location.
The home sits on the much-sought-after Intracoastal Waterway:
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.
There is pent up demand for this kind of super high-end property, Glaser said, with billionaires and multimillionaires looking to snap up newly constructed homes in desirable locations where there is no more land on which to build.
“There are $50 million buyers and no houses for them to buy,” he said. “I’ve never seen a pent up demand like this. There is no inventory.”
Imagine the horror of having $50 million to spend on a home, and there just aren’t any available.
Oh, the injustice!
Back in July, the property was vandalised, with words “GONE BUT NOT FORGIVEN” scrawled on the front gate in red paint, designed to look like blood.
Another of Epstein’s properties, a townhouse on the Upper East Side of Manhattan, is currently listed for sale, with an asking price of $88 million.
Epstein bought it in 1989 for $13,2 million.
According to the Virginia Pilot, “the proceeds from the sale of his property are to go to his estate. It created a fund to compensate claims from his victims out of court.”
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