Jeffrey Epstein’s mansion is set to be demolished after failing to sell for three months.
The Florida estate is where the late financier sexually abused young girls and went on the market for £17m ($22m) in July.
It has finally been bought by a real estate developer who plans to demolish it and start again.
The waterfront Palm Beach estate is just over a mile from Donald Trump’s Mar-a-Lago.
Florida real estate developer Todd Michael Glaser told the Wall Street Journal that he has signed a contract to buy the property and was due to close on it in December.
He reportedly planned to tear the property down and replace it with a 14,000-square-foot ‘Art Moderne home’.
He declined to comment on the price but confirmed he received a discount, adding: “Palm Beach is going to be very happy that it’s gone.”
The property has been locked up for over 18 months, since Epstein’s arrest, and has been graffitied with the words with the words GONE BUT NOT FORGIVEN in blood-red paint.
Sources told the paper the sale price was around $18 million.
Epstein, who died in jail awaiting his sex trafficking trial in August 2019, bought the Palm Beach property in 1990 for $2.5 million.
The property has roughly 170 feet of water frontage on the Intracoastal Waterway, with space for a dock.
The six-bedroom, roughly 14,000-square-foot house with a large swimming pool was designed by architect John Volk in what is described as West Indies style.
The house was where the crimes that would eventually lead to his downfall were first reported, in 2005.
Epstein had been recruiting teenage girls for ‘massages’ from Palm Beach high school, and one eventually confessed to her mother what was going on, who then went to the police.
Epstein’s private island in the US Virgin Islands, Little St James; his New Mexico ranch and his Manhattan townhouse were also venues for abuse.
The New York townhouse is still on the market, asking $88 million, according to the website of the listing agent, Adam Modlin of Modlin Group.
Glaser is known for building extravagantly-designed homes for wealthy and demanding clients and has been developing property in the Palm Beach area since 2017.
In June, he confirmed that he had bought a 1925 mansion in Palm Beach for $17 million, which he intended to “restore to its former glory”, and where he intended to live with his wife, Kim.