Jeffrey Epstein’s Virgin Islands properties undergo price cut

Jeffrey Epstein’s Virgin Islands properties undergo price cut

It’s no shock that Jeffrey Epstein’s two islands within the Caribbean, notoriously known as “pedophile island,” are having a tough time scoring a purchaser.

The islands, often called Nice St. James and Little St. James, listed collectively again in March for $125 million. However now, the 2 US Virgin Islands have hit the marketplace for $55 million apiece, representing a 12% discount within the total ask, in keeping with the Wall Avenue Journal.

The choice to buy each islands remains to be on the desk, solely now it is going to price a mixed $110 million.

Regardless of needing to decrease the value tag and distinguishing the 2 islands, itemizing rep Adam Modlin of Modlin Group informed the Journal that a number of potential patrons have expressed curiosity within the properties, however that there was extra curiosity in them individually than as a pair.

If offered, this is able to mark a few of Epstein’s closing properties amid his sprawling worldwide actual property portfolio.

Jeffrey Epstein’s notorious US Virgin Islands properties at the moment are out there for much less. Principal: Getty Photographs; Inset: AP

An aerial view of Little St. James island.SplashNews.com

Epstein’s property offered his longtime Manhattan mansion for $51 million in March 2021, and his Palm Seashore dwelling for $18.5 million. The Palm Seashore residence has already been torn all the way down to construct a brand new construction on the land.

His Sante Fe, NM, ranch stays on the market for $27.5 million. And his Paris luxurious abode was on sale earlier this yr.

The convicted pedophile is claimed to have flown victims to the island the place he allegedly sexually assaulted them with no probability of escape.SplashNews.com

An aerial view of the blue-and-white-striped construction, which was speculated to be a music pavilion.SplashNews.com

Daniel Weiner, an lawyer for Epstein’s property, beforehand informed The Put up that every one the cash from the properties will go to resolving excellent lawsuits and the prices of the property’s operations.

Courtroom exhibit photographs launched through the trial of Ghislaine Maxwell present Jeffrey Epstein’s Little St. James Island dwelling.SDNY

This photograph, taken Dec. 4, 2021, exhibits the sprawling compound on the island owned by Jeffrey Epstein.SplashNews.com

A “No trespassing” signal on the shore of Nice St. James Island.REUTERS

“The proceeds from the sale are anticipated for use for the property’s common administration, together with its cost as mandatory of taxes, collectors and claimants,” Weiner mentioned.

Nice St. James, situated throughout the bay from St. Thomas, spans greater than 160 acres. Epstein had solely bought the island in 2016, three years earlier than his arrest on intercourse trafficking expenses. The island was in growth, with solely a small assortment of buildings having been constructed.

In the meantime, Little St. James, which is the island most notoriously often called the island the place Epstein allegedly sexually abused minors, has over 70 acres, a helipad, a personal dock, a fuel station, two swimming pools, a fundamental residential compound, 4 visitor villas, three non-public seashores, a gymnasium and a tiki hut.

A blue-roofed construction on the Epstein compound.REUTERS/Marco Bello

A blue-striped construction sits on a lookout level on Little St. James Island.AP Picture/Gabriel Lopez Albarran

A view of Jeffrey Epstein’s stone mansion on Little St. James Island.AP

Modlin, together with with Bespoke Actual Property — and in partnership with a neighborhood Virgin Islands agency, Christie’s Worldwide Actual Property the Saints — holds the itemizing.

On Aug. 10, 2019, Epstein was discovered lifeless of an obvious suicide at a New York detention middle whereas awaiting trial on federal intercourse trafficking expenses.

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