Bernard Madoff’s summer digs are for sale
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If you have designs on Bernie Madoff’s seaside place, you better move quickly. It’s going on the market this week, according to the Associated Press.
MONTAUK, N.Y. (AP) -- Those who see Bernard Madoff as an evil purveyor of excess might be disappointed by his beach house: It’s not that palatial. At 3,014 square feet, the home is cottage-size by super-rich standards. Its faded furnishings look as old as Madoff’s epic fraud. There’s no garage. Not even a walk-in closet. But the 1.2-acre lot sits closer to the surf than larger neighboring homes on the southeastern tip of Long Island. And the house features a grand, columned porch with stunning views -- undeniable selling points on display during a recent tour offered to The Associated Press.
Proceeds will go to investors of the former financier, who is serving 150 years for a multibillion-dollar pyramid scheme. The Corcoran Group plans to price the house at $8.75 million.
-- Lauren Beale
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Full story: Bernard Madoff’s seaside getaway on Long Island is for sale
