Jeffrey Epstein: Florida mansion where disgraced financier sexually abused underage girls 'to be demolished'

Property is one sale for $21 million

The Florida mansion where disgraced financier Jeffrey Epstein sexually abused underage girls is reportedly set to be demolished.

A local real-estate developer is in the process of closing out a deal for the $21,995 million (£16,950 million)  Palm Beach waterfront property that went on the market in July.

Todd Michael Glaser says the deal is set to be completed next month and that he plans to raze the mansion to the ground and replace it with a new home.

He told the Wall Street Journal (WSJ): “Palm Beach is going to be very happy that it’s gone".

Epstein's old mansion will be replaced with a 14,000-square-foot 'Art Moderne home', Mr Glaser told the WSJ.

He did not reveal how much he paid for the property but indicated that he got a discount.

The Post, citing a source familiar with the deal, said Mr Glaser is expected to pay somewhere in the region of $18 million for the site, according to the WSJ.

Epstein's sprawling 1930s New York townhouse was also put on the market in the summer after the convicted paedophile took his own life in a state jail while awaiting trail.

The combined value of both houses - part of Epstein's vast property portfolio - stands at $110m.

Before his death in August 2019, Epstein also owned an apartment in Paris, a ranch in New Mexico, and a private Caribbean residence known locally as “paedophile island”.

All proceeds from the sale of Epstein's properties are expected to go to his estate, which in May agreed to set up a compensation fund for his victims.

Epstein was accused of luring underage girls to his properties with the promise of work before sexually abusing them.

He died in New York's Metropolitan Correctional Center while awaiting trail on grooming and sex abuse charges.