Padded Cover Marshall

Padded Cover Marshall

Madoff Beach House clearance sale

Currently in prison serving a sentence of 150 years of one of the biggest scams in history, Bernie Madoff sits watching his property being sold one by one in an effort to compensate victims of his crime. The last element of the guillotine is your luxury home in Hamptons beach. It was a sighted person in their everyday lives, and this is reflected in your home. No tennis court or guest houses, in fact, not even a garage, but the house is fine located on the beach, near the waves.

The house has an understated elegance, with a sober designed to take advantage of the panoramic views of Long Island available in most parts of the house. The large covered terrace and pool also allows stunning sea views and quick access to the beach, just steps away.

The program is simple, but spectacular with vaulted ceilings, exposed beams and stone fireplace. Half the room is full of windows, skylights and provide sunlight for Moreover, giving a feeling of airy space. Leather upholstered furniture sitting by the fire looks comfortable and cozy.

Here, four bedrooms with three bathrooms, comfortable, but smaller than you expect from today's standards. The master bedroom on the second floor is amazingly clear not all young, but expanding wall of windows and the repeated use of the beams and wooden floors is impressive. A terrace opens to reveal a beautiful ocean view.

The dining room large windows overlooking the sea, creating an atmosphere for dinner on the beach. The small room contains only solid wood, a panel of eight wooden chairs and support. The kitchen is not fancy, but small and efficient, with large openings to allow mixing with the guests, and views of the sea everywhere.

In just over 3,000 square feet on 1.2 acres of land, home of Bernie has been included at 8.75 million with the Corcoran Group, apparently, the government is seeking at least $ 7 million of the benefit of the house. When Madoff bought in 1979, was valued at three million dollars. Even in a down market, this man would have made a substantial benefit. The contents have been seized, and personal effects, furniture or other home is sold. According to Assistant United States Marshal Roland Ubaldo, everything will be sold within at auction, from pieces of art shoes Ruth Madoff. "

In addition to the beach house, sales agents frantically apartment Madoff in Manhattan and Palm Beach, Florida real estate, totaling approximately $ 25 million. Madoff was initially believed he was guilty of defrauding tens of billions dollars. Now, after investigation, those billions of dollars, the figures are the result of the statements padded. Bernie never actually spent money enough to channel funds from new investors to pay existing ones.

Madoff's house does not stand out among other neighboring houses but sat quietly, which allows its occupants to enjoy the best of this region has to offer – probably just the way I wanted Bernie.

About the Author

Visit TaftStreetRealty.com for a complete guide to Ulster County NY MLS. View listings for New Paltz, NY real estate, or one of the many other communities in this scenic area.

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