HOUSTON—A former drug kingpin’s Houston mansion is going on the auction block.
U.S. Marshals are auctioning the federally forfeited home, which used to belong to Daron Odell Jones.
Bidding for the 5-bedroom, 8,000-square-foot abode, located at 17907 Elk Valley Circle, starts at $471,000.
U.S. Marshals said there will be an open house on Wednesday, March 24, from 10 a.m. to 1 p.m., and bids can be entered from March 29-31 at bid4assets.com/houstonhome.
Jones pleaded guilty to conspiracy to possess with intent to distribute cocaine and is facing a mandatory sentence of 20 years to life.
Investigators said he was the head of a drug empire that supplied thousands of pounds of cocaine and had ties to Mexican drug cartels.
Along with the home, officials said Jones agreed to forfeit a 2007 Mercedes s550, a 2006 Maserati, $1,000,000 in drug proceeds, a 2007 Chevy Avalanche, a 2002 Saturn Vue and a 2001 BMW X5.
Jones had previously agreed to forfeit a 2006 Ferrarri F-430, a 2007 BMW M6, $47,041 in cash, a $16,000 cashier’s check and numerous pieces of jewelry, according the Dept. of Justice.
