Bernie Madoff’s Homes On the Market
One-by-one, the homes of convicted Ponzi-schemer Bernie Madoff are all on the market.
Under the direction of U.S. Marshals, each of Madoff’s homes that were seized are now listed with the proceeds to be split among Madoff’s victims. Collectively, these homes are being listed for just over $27 million, while Madoff reportedly took his victims for $65 million billion.
Here’s a look at the Madoff homes:
1. Madoff’s Montauk home:
216 Old Montauk Hwy, Montauk, NY 11954
For sale: $8,750,000 (Corcoran Group) SOLD for $9.4 million to real estate investor Steven Roth!
Marketing teaser: “Montauk oceanfront home for the ages…”
Fun facts: Madoff’s 3,000 sq ft home is set very close to ocean’s edge (see Bird’s Eye View), and has 182 feet of beachfront. It has 20-foot-high vaulted ceilings, a living room with a pebble-stone fireplace, and a swimming pool.
2. Madoff’s Palm Beach home:
410 N Lake Way, Palm Beach FL 33480
For sale: $8.5 million Reduced to $7.9 million (Corcoran Group)
Marketing teaser: “Palm Beach Classic Island home”
Fun facts: According to Bloomberg News, this property has had its share of scandals. It was once owned by Herbert and Roxanne Pulitzer, whose 1982 divorce trial scandalized local residents with details of drug use and adultery at the estate. The property has a private dock on the shore of Lake Worth. It was built in 1973, is 6,475 sq ft, has five bedrooms and seven bathrooms and was bought in 1994 for $3.8 million under Ruth Madoff’s name. Local teenagers toilet-papered it shortly after Madoff’s arrest because they lost their trust funds through Madoff.
3. Madoff’s Manhattan home:
133 E 64th St, New York, NY 10065
For sale: $9.9 million Reduced to $8.9 million (Sotheby’s International)
Marketing teaser: “Sophisticated Penthouse Duplex”
Fun facts: It has a wraparound terrace with 360-degree views of Manhattan and is fully furnished with a $40,000 Steinway piano, a $35,000 Persian rug and $20,000 tea tables. And, according to Fox News, it’s where “… Bernard Madoff broke down and confessed to his massive fraud, frantically wrote checks for millions of dollars as the scheme unraveled and appeared in a bathrobe to greet the FBI agents who arrested him.”