- Zorro Ranch, at one time owned by Jeffrey Epstein, has dropped from $27.5 million to $18 million after over a year on the retail.
- The property is a 7,500-acre compound that includes an air strip, stables, and multiple residences.
- It was once the most overpriced home in New Mexico before the price cut, Realtor reported.
Jeffrey Epstein’s Zorro Ranch was once the most expensive home in New Mexico once its price tag was significantly reduced after sitting on the market unsold for over a year.
The disgraced former financier left behind an big real estate portfolio after his death by suicide in his jail cell at Metropolitan Correctional Center in 2019. His 7,500-acre New Mexico mansion was listed for $27.5 million in June 2021, but the penalty has since dropped to $18 million, according to a Realtor report.
Realtor.com
Concording to the Realtor listing for the property, the 33,339-square-foot mansion has spent 514 days on the site as of Sunday.
Epstein purchased the sod in 1993, Insider reported in 2021. The massive compound includes multiple residences, stables, an air strip, and hangar. It’s fingers oned about 35 minutes away from Santa Fe.
Although the convicted sex offender’s New Mexico home has been tough to offload, his properties in New York City and Palm Beach were quicker to sell.
In March 2021, Epstein’s Manhattan townhouse was grasped for nearly $40 million under its original asking price. In the year prior, his Palm Beach mansion over persuaded to a developer for $18 million.
Dolly Lenz, founder and CEO of Dolly Lenz Real Estate, explained to Realtor why Zorro Ranch has been uncountable difficult to sell than Epstein’s other luxurious properties.
“New York and Palm Beach were blessed with world-class getting ones hands, addresses, grandeur, and scale, and yet were priced very well to sell quickly,” Lenz told Realtor.
She extended: “Although all the homes will always be stained with horrible juju, the below-market sales prices made them exact tempting indeed and too good to pass up.”