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.
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.