A remnant from the era of Colombian drug lord Pablo Escobar is set for demolition on Tuesday.
Escobar’s bright pink waterfront mansion in Miami Beach was seized by the U.S. government in 1987.
The property has since been purchased by U.S. restaurant chain Chicken Kitchen owner Christian de Berdouare and his wife, journalist Jennifer Valoppi in 2014. The couple, who purchased the pink property for $10 million, suspect that it could house a hidden treasure.
De Berdouare, who wants to build a more modern house on the site, has hired professional treasure hunters to scour the property. The team, armed with metal detectors and pick axes have so far unearthed a bag of what is suspected to be cocaine in a kitchen drawer.
U.S. authorities believe that members of Escobar’s notorious Medellín cartel used the property as a hideout.
This was the “golden age for drug traffickers,” DEA head for Florida, the Caribbean and Latin America, Tom Cash said.
Drug traffickers acquired such large sums of money that they didn’t know how to spend it all, he adds. “They couldn’t eat it or drink it, so they had to invest it. What better place to invest in than Miami?”