Nearly a year after developer Todd Michael Glaser committed to buying the Palm Beach estate belonging to convicted pedophile Jeffrey Epstein , the lot sold to a new buyer for $25.845 million.
As reported by the Wall Street Journal , Matrix Partners partner David Skok bought the lot for more than $7 million more than Glaser paid for it he when he bought it for $18.5 million back in March.
Glaser first announced his commitment to buying the property in November 2020 and finished razing it in May 2021. He immediately listed it for $29.95 million and did not have to wait long for a buyer to materialize.
Lawrence Moens of Lawrence A. Moens Associates represented the seller, while Paul Birmingham of Sotheby’s International Realty represented the buyer.
The 14,000-square-foot mansion that used to stand at 358 El Brillo Way was purchased by Epstein in 1990 for $2.5 million. Epstein had committed suicide while waiting for trial on charges of running an extensive worldwide sex trafficking scheme involving underage girls. A judge and his estate negotiated a victims’ compensation fund in which the sale of the properties would go to the victims and any outstanding tax and creditor obligations.
