Two Caribbean islands that belonged to financier Jeffrey Epstein hit the market for $125 million last week, raising eyebrows in the small community of private island real estate brokers.
“My opinion is that this is overpriced, by far,” says Farhad Vladi, owner of the broker Vladi Private Islands. “You have to do comparable sales data, and if you look at other islands which have sold, there’s no data that justifies $125 million.”
The U.S. Virgin Islands properties are being sold by the late Epstein’s estate; after he was accused of sexually abusing and trafficking young women and underage girls on the properties, Little St. James—including his mansion and mysterious blue-and-white-striped hilltop temple—gained the local sobriquet “Pedophile Island.” The proceeds will go toward resolving outstanding lawsuits against the estate and the regular costs of its operations, according to the Wall Street Journal, which first reported the listing.
