Bernie Madoff’s Hamptons pad is lastly getting new house owners, The Publish has discovered.
The three,000-square-foot oceanfront property in Montauk — which receives mentions within the lately launched Netflix docuseries “Madoff: The Monster of Wall Road” — entered contract on Tuesday after spending 4 years on and off the market.
It final requested $16.5 million; it first listed for $21 million. The ultimate sale worth isn’t but recognized.
The late disgraced Ponzi schemer was ordered to promote the property initially of his 150-year jail sentence. It offered to its authentic builders — Vornado Realty Belief honcho Steven Roth — for $9.41 million in 2009, the yr Madoff obtained his sentence. The sale partially helped repay swindled buyers in Madoff’s colossal $65 billion rip-off.
The bungalow had not modified palms since that years-ago compelled sale.
Located on 1.5 acres, the residence options 180 ft of water frontage. It was absolutely renovated in 2011. It additionally comes with a heated swimming pool, the itemizing notes.
Madoff bought the house for $250,000 in 1980 — almost $1 million right now — The Publish beforehand reported.
Tim Davis of the Corcoran Group held the itemizing in a co-exclusive with Bespoke Actual Property.
It’s additionally unclear who the brand new proprietor shall be. The Publish has reached out for remark.
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In the meantime, Madoff’s former Manhattan penthouse was lately taken off the market after failing to safe a purchaser, The Publish reported.
On April 14, 2021, Madoff died in a jail hospital of pure causes at age 82 — simply two weeks shy of his 83rd birthday.
