Jeffrey Epstein's unsold former New Mexico ranch is no longer the most expensive home in the state after nearly $10 million price reduction

• Zorro Ranch, previously owned by Jeffrey Epstein, has dropped from $27.5 million to $18 million after over a year on the market.
• The property is a 7,500-acre compound that includes an air strip, stables, and multiple residences.

Jeffrey Epstein's Zorro Ranch was once the most expensive home in New Mexico before its price tag was significantly reduced after sitting on the market unsold for over a year.

The disgraced former financier left behind an extensive real estate portfolio after his death by suicide in his jail cell at Metropolitan Correctional Center in 2019. His 7,500-acre New Mexico mansion was listed for $27.5 million in June 2021, but the price has since dropped to $18 million, according to a Realtor report.

According to the Realtor listing for the property, the 33,339-square-foot mansion has spent 514 days on the site as of Sunday.

Epstein purchased the land in 1993, Insider reported in 2021. The massive compound includes multiple residences, stables, an air strip, and hangar. It's located about 35 minutes away from Santa Fe.

Although the convicted sex offender's New Mexico home has been tough to unload, his properties in New York City and Palm Beach were quicker to sell.

In March 2021, Epstein's Manhattan townhouse was purchased for nearly $40 million under its original asking price. In the year prior, his Palm Beach mansion sold to a developer for $18 million.

Dolly Lenz, founder and CEO of Dolly Lenz Real Estate, explained to Realtor why Zorro Ranch has been more difficult to sell than Epstein's other luxurious properties.

"New York and Palm Beach were blessed with world-class locations, addresses, grandeur, and scale, and yet were priced very well to sell quickly," Lenz told Realtor.

She continued: "Although all the homes will always be stained with horrible juju, the below-market sales prices made them very tempting indeed and too good to pass up."