Thursday, July 01, 2021

Jeffrey Epstein’s 8,000-Acre New Mexico Ranch Lists for $27.5 Million

 


Zorro Ranch, a roughly 8,000-acre New Mexico property long owned by the late convicted sex offender Jeffrey Epstein, is coming on the market for $27.5 million.

The ranch, which comes with a roughly 30,000-square-foot main home, an air strip and many other amenities, will be the latest in a string of valuable properties to be sold by Mr. Epstein’s estate following his death by suicide at a New York City correctional center in 2019 while awaiting charges of sex trafficking. Earlier this year, Mr. Epstein’s gilded Manhattan townhouse sold for $51 million, and his Palm Beach, Fla., compound sold for $18.5 million.

Proceeds from the sale of the ranch will go to his estate, “including as necessary to compensate claimants, tax authorities, and creditors,” according to Sotheby’s International Realty, the firm handling the sale.

Mr. Epstein purchased Zorro Ranch, located about 35 miles from Santa Fe, in 1993. It comprises a patchwork of private and leased federal lands. In all, there are 7,575 deeded acres plus 423 acres of Bureau of Land Management-leased land, according to Sotheby’s.

The ranch was originally larger. New Mexico’s commissioner of public lands recently canceled a decades long lease Mr. Epstein had with the state for more than 1,000 acres of grazing land. That land might be available for lease by a new owner of the ranch.

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