This summer, the Palm Beach residence of Jeffrey Epstein hit the open market; the waterfront estate was priced at $22 million. Three months later saw a buyer emerge: according to the Palm Beach Daily News, it is a developer who intends to tear the place down and build a spec house on the site.

Epstein purchased the luxurious home in 1990; he paid $2.5 million for it. The buyer is prominent developer Todd Michael Glaser, but the selling price has, as of now, not been revealed.

The John Volk-designed house dates to 1952. It is designed in the Caribbean style, and located in the Estates section of the waterfront community. It contains six bedrooms and eight baths in its roughly 14,000 sq. ft. of interiors. The home-to-be is planned as an Art Moderne mansion which would touch on Palm Beach architectural history while presenting a contemporary living style.

The lot measures over .75 acres, and features a gated entrance, and a large swimming pool and patio overlooking the water. The property is bordered by privacy hedges, and the grounds are dotted with palms.

Epstein’s New York City townhouse—the Herbert N. Straus mansion—remains for sale for $88 million. At least a portion of the proceeds from the sale of the late financier’s properties are earmarked for a compensation fund for his victims.