Wednesday, September 02, 2009

Bernie Madoff's Beach House For Sale

Bernie MadoffIt was inevitable that our pal Bernie Madoff's holdings would be sold to pay his victims. The most recent piece of real estate to hit the news is his beach house in Montauk, Long Island. It's a modest 3,000 sq ft modern home on the beach, with a huge center room, 4 large bedrooms, an oddly shaped pool, and views. Take a look at the New York Times article, here, and don't forget the slideshow. Not bad. The Feds have put it up at $8.75M, but won't take a penny under $7M. Furnishings extra!

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