Real Estates

Bernie Madoff’s Hamptons beach house has found a buyer

Bernie Madoff’s Hamptons block is finally getting new owners, The Post has learned.

The 3,000-square-foot oceanfront property in Montauk — featured in the recently released Netflix documentary series “Madoff: Monster of Wall Street” — went under contract Tuesday after spending four years on and off the market.

He last asked for $16.5 million; it was first listed for $21 million. The final sale price is not yet known.

The late disgraced Ponzi schemer has been ordered to sell his assets at the start of his 150-year prison sentence. It was sold to its original developers — Vornado Realty Trust, Steven Roth — for $9.41 million in 2009, the year Madoff was fined. The sale helped in part to repay defrauded investors in Madoff’s colossal $65 billion fraud.

The bungalow has not changed hands since that forced sale several years ago.


The house covers 3,000 square meters.
The house covers 3,000 square meters.
Chris Foster | Corcoran

The property boasts 180 feet of ocean frontage.
The property boasts 180 feet of ocean frontage.
Chris Foster | Corcoran

A large room.
A large room.
Chris Foster | Corcoran

Eat-in kitchen.
Eat-in kitchen.
Chris Foster | Corcoran

One of three bedrooms.
One of three bedrooms.
Chris Foster | Corcoran

Situated on 1.5 acres, the residence has 180 feet of waterfront. It was completely renovated in 2011. It also comes with a heated pool, according to the listing.

Madoff bought the home for $250,000 in 1980 — nearly $1 million today — The Post previously reported.

The Corcoran Group’s Tim Davis held the listing in joint exclusion with Bespoke Real Estate.

It is also unclear who the new owner will be. The Post has reached out for comment.


Bernie and his wife Ruth Madoff at their Montauk beach house in July 1980.
Bernie and his wife Ruth Madoff at their Montauk beach house in July 1980.
GI/BM/Getty Images
Yard and heated pool.

Yard and heated pool.


The house was completely renovated in 2011.

The house was completely renovated in 2011.


Commercials

One of four bathrooms.

One of four bathrooms.


Commercials

Meanwhile, Madoff’s former Manhattan penthouse was recently taken off the market after failing to secure a buyer, The Post reported.

On April 14, 2021, Madoff died in a prison hospital of natural causes at the age of 82 – just two weeks shy of his 83rd birthday.

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