Bernie Madoff hamptons pads finally got a new owner, The Post learned.
A 3,000-square-foot beachfront estate in Montauk — mentioned in the recently released Netflix documentary series.Madoff: The Monster of Wall Street— The deal was signed on Tuesday after spending four years in and out of the market.
Last time it requested $16.5 million. It was first listed for $21 million. The final selling price is not yet known.
The late Ponzi scheme disgrace was ordered to sell the property at the start of his 150-year prison sentence. In 2009, when Madoff was sentenced, it was sold to Stephen Ross, head of the Bornado Realty Trust, for $9.41 million. The sale helped Madoff partially repay investors who were duped in his $65 billion scam.
The bungalow had not changed owners since its forced sale a few years earlier.
Located on 1.5 acres, this residence features 180 feet of waterfront. Completely renovated in 2011. It also has a heated pool.
Madoff bought the house for $250,000 in 1980, and today it is worth almost $1 million.
Corcoran Group’s Tim Davis went public in a joint monopoly with Bespoke Real Estate.
It is also unknown who the new owner will be. The post is asking for comments.
Meanwhile, Madoff’s former Manhattan penthouse recently removed from the market The Post reported after failing to secure a buyer.
Madoff died of natural causes on April 14, 2021 at the age of 82.