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The Montauk beach house with 3,000 square feet of area sits on the one-and-a-half acre prime lot atop a bluff overlooking an ocean beach. It sits closer the water’s edge than would be allowed today a consequence of earlier more lax zoning regulations.
But a variety of condos and houses every and every price spectrum. You can buy a 2 bedroom condo right on the beach for $250,000 or a handful of miles away buy an estate on the beach for 80 million dollars.
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Listed under Madoff’s wife’s name, the Palm Beach hideaway is valued at $7.5 thousands. Featuring a pool, 8,753 feet square of living space, five-bedrooms and seven-bathrooms, the two-story home sits on a waterfront half-acre plot. Involved in the property is really a boat dock where Madoff parked his now-seized yacht, the Half truths. It is a 55-foot fishing vessel reportedly worth $1.5 million.