Buyer for Bernie Madoff's Montauk mansion from the U.S. Marshals for more than $8.75M asking price

The seaside house where Bernie Madoff relaxed when he wasn't swindling investors has found a buyer - for more than the listed price of $8.75 million.

 

The 3,000-square-foot, five-bedroom Montauk home sits on a 1.2-acre lot amid the dunes of a windswept beach. It's modest by Hamptons standards but boasts stunning views of the Atlantic and is closer to the surf than zoning laws now allow.

 

Madoff's notoriety helped spark interest in the place, "but it's really all about the location, the views and the home," said Anne Lacombe of the Corcoran Group, which brokered the sale.

 

The U.S. Marshals Service put the house on the market Sept. 1 to help repay victims of Madoff's Ponzi scheme. The name of the buyer and the exact price are being kept secret until the deal closes.

 

The jailed scam artist's waterfront mansion in Palm Beach, Fla., remains on the market for $8.5 million and his Manhattan penthouse is listed for $9.9 million.