Jeffrey Epstein’s Caribbean Islands Now Available For $76.5 Million Each
Buyers can still purchase Great St. James and Little St. James together for around a discounted $153 million
Buyers can still purchase Great St. James and Little St. James together for around a discounted $153 million
Jeffrey Epstein’s estate is cutting the price of two private Caribbean islands that were owned by the late disgraced financier, according to one of the listing agents.
The islands, known as Great St. James and Little St. James, were first listed as a pair for $125 million in March. They will now be available separately for $76.5 million apiece, representing a 12% reduction in the overall ask, one of the listing agents said. If a buyer wanted to purchase both, they could still do so for a combined $153 million.
Located in the U.S. Virgin Islands, the properties are among the final pieces of Epstein’s sprawling international property portfolio, portions of which have already sold for large sums.
The estate sold Epstein’s Upper East Side Manhattan mansion for $71 million in March 2021, and his Palm Beach home for $25.7 million in March 2021, The Wall Street Journal reported. The Palm Beach home has since been torn down.
Adam Modlin of Modlin Group, one of the agents marketing the islands, said that several potential buyers have expressed interest in the properties, but that there was more interest in them individually than as a pair.
Great St. James, located across the bay from St. Thomas, spans more than 160 acres and has only a small collection of structures as well as a marine preserve known as Christmas Cove, listing materials show.
Little St. James has over 70 acres, a helipad, a private dock, a gas station, two pools, a main residential compound, four guest villas, three private beaches, a gym and a tiki hut.
Epstein, who died in an apparent suicide at a New York detention centre in 2019, was accused by Virgin Islands prosecutors in 2020 of bringing girls as young as 11 to the islands and sexually assaulting them.
Daniel Weiner, an attorney for the Epstein estate, said proceeds from the sale of the islands will go to resolving outstanding lawsuits and the costs of the estate’s operations and will be subject to tax authorities, creditors and other claimants, including liens placed on the properties by U.S. Virgin Islands Attorney General Denise George.
Mr. Modlin is marketing the properties with Bespoke Real Estate and in partnership with a local Virgin Islands firm, Christie’s International Real Estate the Saints.
Epstein’s other remaining properties include a ranch in Santa Fe, N.M., which is listed for $38.3 million.
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