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.
The property sits on roughly 1.5 acres and looks out onto 180 feet along the Atlantic Ocean. The two-story great room features a unique, 30-foot high stone fireplace and windows cut out of the ceiling. Another curved, equally sun-filled sitting area is on this level as well.
The kitchen features lots of storage space, state-of-the-art appliances and an adjoining dining area with beach views. There’s also access to the spacious deck through this room.
The master bedroom can be found on the second level, accessed via a private staircase. The 25-foot wide room features spectacular ocean views through over-sized windows, two walk-in-closets, and a balcony with an outdoor shower.
The other two bedrooms, which have their own entrances, can be found on the first floor. In addition to the free-form gunite pool, the outdoor area includes a cabana and private pathway to the sandy beach.
[Listing: 216 Old Montauk Highway by Gary DePersia and Joan Hegner for Corcoran Group]
[Via WSJ]
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All photos courtesy of Corcoran Group
