Dead pedophile financier Jeffrey Epstein’s infamous ‘pedophile islands’ are struggling to sell as investors refuse to pay the asking price
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Jeffrey Epstein’s ‘pedophile islands’ price has been slashed as millionaires turn down an opportunity to buy the troubled site.
The infamous islands were listed by real estate agents for a staggering $125 million in March – when the Virgin Islands, Great St James and Little St James went up for sale.
However, the price has now been reduced to $55 million for each island as millionaires are discouraged from buying the disgraced sex trafficker’s homes, according to The Wall Street Journal.
This represents a 12% reduction as investors avoid buying the notorious islands where the former financier reportedly committed some of his crimes.
The island of Great St. James has more than 160 acres of land and was purchased by Epstein prior to his 2016 arrest for sex trafficking.
Epstein’s Little St James is a 70-acre property with a private dock, helipad, gas station, two swimming pools, main residence and four guest villas.
It also has three beaches and a gym and it was on this island that he was accused of sexually assaulting underage girls.
Adam Modlin, of the Modlin Group, which lists the island, said several buyers have expressed interest in buying the islands, but only individually – not as a pair.
And any sale of the properties goes toward pending litigation that has yet to be resolved against Epstein’s estate.
The late financier’s previous properties have been sold, including a $51 million mansion in New York and his home in Palm Beach, Florida for $18.5 million.
Additionally, his New Mexico ranch is listed for $27.5 million.
Patrick McMullan via Getty Images)
Epstein, 66, was awaiting trial on sex trafficking charges when he was found dead in August 2019 after killing himself in a New York prison.
He was a convicted sex offender, having been found guilty of child prostitution in 2008.
And in 1998, he bought the island of Little St. James for the first time from Arch Cummin, a venture capitalist, for an alleged $8 million.
He quickly set about transforming the island while gutting all of the vegetation and replacing it with 40-foot palm trees.
Epstein drew criticism from locals when he underwent a massive construction project that included building a luxurious swimming pool, expanding the mansion’s master bedroom and building a huge terrace.
https://www.mirror.co.uk/news/us-news/jeffrey-epsteins-paedophile-islands-price-27205376 Jeffrey Epstein's 'pedophile islands' are discounted because nobody wants them