Jeffrey Epstein’s private islands on sale for $125 million
Published on Apr 05, 2022 at 11:14 AM (UTC+4)
by Ben Welham
Last updated on Apr 05, 2022 at 3:03 PM (UTC+4)
Edited by
Kate Bain
Disgraced financier Jeffrey Epstein’s private Caribbean islands are on the market for $125 million.
The deceased sex offender’s lawyers said proceeds from the sale of Epstein’s two islands, Little St James and Great St James, “will be used by the estate for the resolution of outstanding lawsuits and the regular costs of the estate’s operations”, BBC reported.
Epstein died in jail in 2019 while he was waiting for his trial on sex trafficking charges.
Little St James was bought by Epstein 25 years ago for about $8 million.
In 2016, he then purchased Great St James for $22.5 million.
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Before Epstein died, he reportedly had plans to develop Great St James by fitting it with homes, an amphitheater, pool and underwater office, but these plans never came to fruition.
Both islands are located in the US Virgin Islands and made up the majority of his property portfolio, with other places in New York, Paris, Palm Beach and New Mexico.
The Wall Street Journal reckons the two islands will sell for a combined $125 million, but others speculate it’ll be unloaded for a little lower at $86 million.
A listing by Bespoke Real Estate for the two islands, totalling 93 hectares, says they offer a “serene Caribbean landscape ideally positioned for boating, island hopping, and outdoor activities”.
It has two private docks, a helipad and subdivision capabilities.
“With significant subdivision possibilities and an array of existing structures, the choice is yours to move in, renovate, or rebuild in unparalleled proximity to some of the Virgin Islands’ most exciting destinations,” the listing reads.
To get to the islands, potential owners who fly into the US Virgin Island’s capital Charlotte Amalie can catch a short flight to Thomas Cyril E. King Private Airport “before heading to your private helicopter or to the coast for a short scenic ride to the Jameses”.
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Ben is a freelance motoring journalist who studied Journalism and previously produced daily content at DriveTribe. He has a worrying obsession with Tudor watches, and his dream car is the Porsche GT3 Touring.
