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Jeffrey Epstein‘s estate is selling off another luxury property owned by the infamous sex offender.
Zorro Ranch, which includes a 30,000-square-foot mansion on about 7,500 acres in New Mexico, will be asking $27.5 million, according to the Wall Street Journal. The swanky ranch includes several additional homes on the property, an airstrip with a hangar and helipad, and a tennis court. It’s located in Stanley, about a half-hour outside of Santa Fe.
The main home is three stories, with an indoor pool, library, and views of the Sangre de Cristo Mountains. There is also a small village on the property where additional homes, including a yurt, log cabin, and guesthouse, as well as a greenhouse, equestrian facility, and private firehouse are located.
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The disgraced financier bought the ranch in 1993. It includes includes nearly 7,600 acres of privately owned land and an additional 423 acres leased from the federal Bureau of Land Management. The new owner may be able to lease 1,000 more acres of grazing land from the federal government.
Property taxes on the home are nearly $112,000 a year, according to Realtor.com® data.
Proceeds are to go to Epstein’s victims, tax authorities, and creditors, the real estate agency handling the sale told the Journal. The value of Epstein’s entire estate was worth approximately $210 million in March, an attorney working for the estate told the Journal.
Epstein killed himself in prison in 2019.
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Despite the high-end amenities and hot housing market, there’s no guarantee the ranch will sell for anywhere near the asking price given that it’s associated with a reviled and convicted sex offender.
Epstein’s Manhattan townhouse, originally listed at $88 million, lingered on the market for eight months before it was finally snapped up in May for a deeply discounted $51 million.
His notorious Palm Beach, FL, mansion, where he was accused of raping underage women, was listed for nearly $22 million but went under contract for closer to $18 million last fall. Soon after, the new owner, a real estate developer, demolished the Florida home to make way for a new mansion to go up in its stead.
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The post Behind Closed Doors: Jeffrey Epstein’s New Mexico Ranch Hits the Market appeared first on Real Estate News & Insights | realtor.com®.
source https://www.realtor.com/news/celebrity-real-estate/jeffrey-epstein-new-mexico-ranch/
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