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Bernard Madoff's seaside home has a buyer

September 17, 2009 | 12:12 pm


That was fast. From the Associated Press:

An unidentified buyer or buyers snapped up Bernard Madoff's Long Island beach house within days after the U.S. Marshals Service put the seized property up for sale, a spokeswoman for the broker the Corcoran Group said Thursday.

Spokeswoman Anne Lacombe said the fallen money manager's Montauk retreat was under contract for more than its $8.75 million asking price. She didn't have the exact figure, any information on the intended buyer or the closing date.

The U.S. Marshals Service put the 3,000-square-foot house on the market Sept. 1 to help repay victims of Madoff's massive investment fraud. The agency didn't immediately return a phone call Thursday.

The listing attracted an onslaught of responses and numerous bids, Lacombe said. She said the highest bid was taken.

Other Madoff properties for sale, according to the story, include a Manhattan penthouse, listed at $9.9 million, and a mansion in Palm Beach, Fla., listed at  $8.5 million.

-- Lauren Beale

Related post: Bernard Madoff's summer digs are for sale

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Photo: The four-bedroom house is on 1.2 acres in Montauk, east of the Hamptons. Credit: Robert Mecea / Associated Press