(New York Post) Jeffrey Epstein’s New Mexico ranch has gotten another drastic price cut.
After nearly 1 1/2 years on the market, the ranch has now been slashed by $9.5 million total, The Post has learned.
The estate first went up for sale in July 2021 for $27.5 million before taking a $6 million price cut in July, dropping to $21.5 million.
Last month, the home was given yet another $3 million price reduction, and the ill-fated ranch now sits at $18 million.
It was a different story for his New York City townhouse, which previously sold for nearly $50 million in March 2021, and his Palm Beach mansion, which sold for $18 million and was later demolished in April of the same year.
Meanwhile, in March, his two former private Caribbean islands, collectively dubbed “Pedophile Island” for the atrocities that took place there, were listed for sale at $125 million, and have not been on the market as long. However, in June, the price dropped 12% to $110 million.
Thus far, all the money from the sale of his properties is expected to go into resolving outstanding lawsuits and the costs of the estate’s operations, Daniel Weiner, an attorney for Epstein’s estate, previously told The Post.
“The proceeds from the sale are expected to be used for the estate’s regular administration, including its payment as necessary of taxes, creditors and claimants,” Weiner said.