Glaser said he intends to build an Art Moderne residence that he expects to be completed in the spring of 2022. Mr. Glaser declined to comment on what he and his partners are paying for the house beyond stating that they received a discount. He said he plans to put it on the market for around $40 million. Jeffrey Epstein's Palm Beach mansion that just sold for $18 million is set to be demolished, FILE - This March 28, 2017, file photo, provided by the New York State Sex Offender Registry, shows Jeffrey Epstein. From aspirational residences to major commercial deals. Disclaimer. In addition to his lavish townhouse in New York, it played a central role in his alleged sex-trafficking schemes, according to prosecutors. The property sold for $18 million, $4 million under asking. Can I deduct home office expenses while I'm working from home? If Joe Biden wins, he’ll be the third US president to deal with Modi — Here’s how that could play out, Here’s when we will know the 2020 US election results, Deutsche Bank plans to cut ties with Trump after the election and could seize his assets if he can't pay back his debts, Reuters reports, China bans entry of foreign nationals from India citing spike in COVID-19 cases, Museums, art galleries and exhibition centres set to open in India after eight months - Culture ministry issues guidelines for reopening, Airports Authority signs MoU with NTPC to set up solar power plants at airports, Amrapali Group directors Anil Kumar Sharma and Shiv Priya arrested in 14 old cases for not delivering flats even after full payment, Acer launches rugged Enduro N3 laptop starting at ₹76,500, Master Business Fundamentals from Wharton. Here's where they landed. Times Internet Limited. Here are 7 key unanswered questions. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. (New York State Sex Offender Registry via AP, File), Bella Hadid calls out Lil Pump for supporting Trump after he appeared at a campaign rally for the president, A video made by a popular QAnon account was shared by Donald and Ivanka Trump and played at a campaign rally, The wealthy are rushing home by private jet to vote in swing states as absentee ballots don't cut it for some. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. It was one of six luxury properties owned by Epstein, who was arrested on sex trafficking suspicions in 2019. Jeffrey Epstein's former Palm Beach mansion is planned for demolition, The Wall Street Journal first reported Monday. The Epstein house came on the market in July for $21.995 million. There is no inventory.". Mr. Glaser said that the deal is slated to close in December, after which he plans to tear the property down and replace it with a 14,000-square-foot Art Moderne home. All rights reserved. A real estate developer bought Jeffrey Epstein's former Palm Beach home and plans to demolish it. Other properties owned by Epstein have been raided, including his home on Little St. James island in the U.S. Virgin Islands and his $77 million penthouse on the Upper East Side in New York City. 87990cbe856818d5eddac44c7b1cdeb8, Copyright © 2020 Dow Jones & Company, Inc. All Rights Reserved, Billionaire Robert F. Smith Buys Two North Palm Beach Homes for $48.19 Million, Exit Sandman: Mariano Rivera Asking $3.995 Million for Home in New York Suburbs, On Long Island’s Gold Coast, a Richard Meier-Designed Estate Asks $18 Million, John Lennon and Yoko Ono’s Onetime Palm Beach Mansion Sells for $36 Million, California Ranch Once Owned by McDonald’s Founder Ray Kroc Asks $29 Million. Mr. Glaser is known for building elaborate spec mansions, such as a home on Miami’s Star Island that recently sold for about $49.5 million. The funds from the sales will contribute to Epstein's estate, which will serve as a compensation fund for victims of Epstein's alleged abuse, some of which took place at the Florida residence, according to the Miami Herald. The beachfront residence was first listed in July for $22 million, along with Epstein's New York townhouse. Epstein's historic townhouse on the Upper East Side of Manhattan is still on the market for. 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.

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