April 12, 2018
Bernie Madoff’s formerly seized beachfront home in Montauk relists for $21M
Bernie Madoff's former Montauk home, seized by authorities in 2009 after the disgraced investor's Ponzi scheme fell apart, has hit the market for $21 million. The current owners of 216 Old Montauk Highway, Steven Roth, the chair of Vornado Realty Trust, and his wife Daryl, a producer for Broadway, picked up the 3,000-square-foot home in 2009 for $9.41 million. Tapping renowned designer Thierry Despont, the couple totally renovated the three-bedroom, ocean-front home, according to the Wall Street Journal. The house sits far from the road at the end of a long gated driveway and boasts a private path to the beach.
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