PALM BEACH, Fla. â The Palm Beach estate that belonged to the late convicted sex offender and disgraced financier Jeffrey Epstein has sold for $18.5 million to the developer who put the property under contract in November, according to sources familiar with the transaction. Developer Todd Michael Glaser of Palm Beach and Miami plans to raze the lakeside house at 358 El Brillo Way and replace it with one he will develop on speculation. A deed hadnât recorded for the Estate Section sale as of mid-afternoon Friday, nor had the listing in the multiple listing service been updated. The Corcoran Group had the property listed at $21.995 million.