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.”

  • Brendan Lyons

    Its great that the 27 million in proceeds going the victims. But to see that there is still another 40 million is wild!

  • abe vigoda

    Uh Diane, Madoff stole 65 BILLION, not million.

  • Diane Tuman

    Oops. Thanks, Abe. Maybe I was denial that it was actually billions.

  • C R

    I find it amazing that after an extensive investigation, the SEC has concluded that yes, they “screwed up”.. umm… yeah i would say so!!

  • Leksaker

    Nice homes!

  • Hardhat

    Anyone know what the debt (mortgages)are on each of the properties is? It would be interestng once the cost of keeping the lights on,asset management,commissions what the net is that goes to the victims.
    Who is paying for the team of lawyers assigned to unravel the scheme and the time of the special prosecutor involved in going after coconspirators and the individuals that actually did get returns?

  • Pingback: La crise immobilière pour les stars et célébrités : acteurs, sportifs, financiers… | Priximmo

  • Stephani

    Poor Bernie he has no more real estate in US it all was sold to pay his victims.

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