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Madoff leaving a New York courtroom in March. He was later sentenced to 150 years in prison. Photo: Mario Tama, Getty Images
This week, you can buy a chunk of Madoff's former fortune. That is, if you can afford it. His oceanfront vacation property in Montauk, a summer paradise on the eastern tip of Long Island, is going on sale for $8.75 million. Also going up for auction: the house's contents, including everything from artwork to an exercise bike to Ruth Madoff's shoes. Any bidders?
See the listing!
Federal authorities seized the Montauk home, the Madoffs' $7 million duplex in Manhattan and a waterfront residence in Palm Beach worth $11 million in early July with the intention of selling them and using profits to repay his victims. Those homes will go on sale in the coming months.
Compared to nearby homes owned by the likes of Robert DeNiro and Ralph Lauren, Madoff's 3,000-square-foot, 4-bedroom, 3-bathroom beach house, isn't luxurious. But it boasts remarkable ocean views and is just 150 feet from the beach, a distance not allowed by newer zoning laws.
Check out the gallery for pictures inside Madoff's former getaway.
Bernie Madoffs Vacation Home
The view of Madoff's former vacation home from the beach in Montauk, New York, photographed on Friday, Aug. 28, 2009. He bought the relatively modest property in 1979 and estimated its value last year at $3 million. Now it's on sale by federal authorities for $8.75 million.
The pool is attached to the house by a wraparound deck.
A view of the pool and the ocean from the front porch of the house.
The beach is just 150 feet away--a distance no longer allowed by zoning laws.
The dining room has a view of the ocean. The dining furniture, like everything else in the home, is for sale.
Artwork from Madoff's Montauk home will also be auctioned.
Duck decoys tagged for auction.
The living room has a cathedral ceiling and a stone fireplace.
The master bedroom.
The master bath.
Reader comments (Page 1 of 4)
its my prayer JESUS CHRIST will save bernie madoff and break his heart sobbing with tears before he goes out in eteranity.
Replywow - i cant believe it - those priceless antiques, that paint chipped cow alone must be worth millions....who's conducting the auction Sotheby's....what a crock of &*%$!!!!
ReplyLol. The ocean views are awesome, but that house is butt ugly. Walk around that house at night and get impaled by a sharp corner of some trapezoidal table. The article says you get the house and everything in it for nearly 9 million. Then they take that back by saying that shabby-chique cow will also be auctioned. Then what's left? The filthy matress and maple dining room table? What, no Picasos?
bernie madoff sucks eggs
Replybernie madoff sucks balls
Replyi am nearly bankrupt now
Replynotice the bathroom picture....there were pictures hanging on the wall at one time....I wonder how valuable there were..my guess is that the place was picked over before the feds got there
ReplyGood eye hardnosed, I didn't notice that there were once things on the wall as I browsed the pics. Maybe the pics/art were moved to a central location for the ease of viewing them pre-auction and auctioning them. I wouldn't mind owning a home as nice as that, but I haven't figured out any legal or illegal scams yet!
Wow this guy live like a king on other peoples money. he never invested dime. How could regulators, registed CPA's etc. not audit this theif. I find it amazing. The govt could find 25 cent mistake on my tax return. but they couldn't see billions I could see if it was 10-20 million but billions. Hurrah Bernie you stole from the rich and elderly and fooled the regulators. We dont need socialism we need responsible peole with a govt that has adequate reguation over any manager of assets. they have been doing it to banks for years and the bad ones just failed but didn't steal like a common theif. shame on the us politicians. they are no better than madoff.
ReplyMONEY...money,,,,money YOU DON'T TAKE IT WITH YOU WHEN YOU LEAVE THIS WORLD....but those who WHORSHIPS MONEY AND MAKE IT THEIR GOD....well I wouldn't like be in their shoes as they reaches the other side of life...they will tortured and living in a true hell lost between two worlds.......USE MONEY -DONT WORSHIP IT.
ReplyIn the picture with the green vase and funky cow, what kind of pottery is the vase? Any antiquers out there that know?
ReplyWhat don't you buy Madoff's house?
ReplySo how did you do it and what are you selling? I am truly interested.
ReplyAli
what are you selling. Ebay has been pretty flat for my items
ReplySorry folks, I have NO sympathy for the STUPID people that gave Bernie their money,..!!!..there is NO "get rich quick",..!!!..I get phone calls NOW that wanna give me 40%, 50% for my money,...!!!..I just hang up quickly,..??..he didn`t commit any crimes,..he just lived off the gullibility of the jerks that weren`t thinking ahead,...!!!!..leave the guy alone,..!!!..sorry I didn`t think of it first,..!!..hahahahahah
ReplyHe committed huge crimes and knew he was scamming everyone----dont be so gullible--he should have a hot poker stuck in his ass ever 15 minutes for eternity.
Will someone buy BUSHY-BOY'S home when he goes to jail? Think of the monkey dropings!
ReplyWHY NOT SELL IT TO O-.BAMA ,oTHER AMERICANS CANNOT BUY IT , hE HAS GIVEN ALL OUT $$ AWAY EXCEPT WHAT HE IS KEEPING FOR HIMSELF
ReplyAfter looking at those pictures, I don't even like that place AT ALL - it's definitely not my taste! A friend of mine had a house in East Hampton that didn't cost anywhere NEAR $8 MIL and it was WAY nicer than Madoff's place! Anyway, I hope he's enjoying himself in PRISON - that is where he belongs!!!
ReplyNotice how Emma doesn't say what she's selling. Its a scam.
ReplyNotice the last name of the author of this article on Madoff. Its Swindler - - hahahahahah lmbigfatfao.