The Hamptons abode of the late Wall Street arch-villain Bernie Madoff is off the market, selling for $14 million this month, according to local realtor sources. The buyer was not identified.
The home had made multiple appearances in the recent Netflix series “Madoff: The Monster of Wall Street” and was seized by the U.S. Marshal’s Service shortly after Madoff was arrested on December 11, 2008.
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Madoff's House Sells for Millions
The home was subsequently sold in 2009 via a forced sale to real estate magnate Steven Roth and his wife, producer Daryl Roth, who owned the home until the recent sale date in January, 2023. The 2009 sale funded some of the estimated $65 billion swindled by Madoff and his firm over the previous three decades.
The Roths renovated the property in 2011 and put the 3,000-square-foot seaside home on the market in 2018 for $21 million. The property’s price rose to $21.5 million before eventually falling to $16.5 million in 2021.
Madoff purchased the 1.5-acre property for $250,000 in 1980, which translates into approximately $1 million today. The property included a concrete gunite pool, deck, and 180 feet of waterfront.
Meanwhile, Madoff's three-bedroom New York City penthouse was just taken off the market in January, with a sales price of $18.5 billion for the penthouse and an adjoining unit.
Madoff passed away at age 82 due to natural causes in April, 2021.
