In 1835, Murat and his wife moved to Louisiana, where he had purchased a sugarcane plantation outside New Orleans and a town house in the city. The couple lived there for several years while he practiced law without much success. After their return to Florida, Murat mortgaged the Lipona property to the Tallahassee Union Bank. He lost it in 1839 when he could no longer meet his financial obligations as a result of the delayed effects of the financial recession of 1837. He and his wife were forced to move to a smaller plantation they named "Econchatti," in present-day Jefferson County, Florida. Murat died there in 1847, and was buried in the St. John's Episcopal Church cemetery in Tallahassee.