Madoff Beach House Liquidation Sale

DINING ROOM CHAIR COVERS - Madoff Beach House Liquidation Sale

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Currently in prison, serving a 150 year sentence for one of the largest scams in history, Bernie Madoff sits by watching his assets being sold off one by one in an exertion to compensate the victims of his crime. The most recent item on the chopping block is his luxury Hamptons beach house. He wasn't a flashy person in his regular life, and this is reflected in his home. There are no tennis courts or guest houses, in fact there isn't even a garage, but the home is ideally located on the beach, close to the pounding surf.

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DINING ROOM CHAIR COVERS

The home has a subtle elegance, with an understated decor designed to take benefit of the panoramic Long Island views available in most rooms of the house. The large covered deck and pool also allow for stunning ocean vistas and quick way to the beach, only steps away.

The living room is simple, but dramatic with it's vaulted ceilings, exposed beams, and stone fireplace. Half of the room is lined with windows, and skylights supply further sunlight, giving it an open airy feel. Overstuffed leather furniture sitting by the fireplace looks cozy and inviting.

There are four bedrooms with three baths; practical, but smaller than you'd expect by today's standards. The second story expert bedroom is surprisingly plain with no walk-in closet, but the vast wall of windows and repeated use of exposed beams and wood floors is impressive. A hidden terrace opens up to present a gorgeous ocean view.

The dining room features floor to ceiling windows facing the ocean; creating an ambience of beachfront dining. The small room contains only a solid wood, round dining table for eight and along wood chairs. The kitchen isn't fancy, but small and efficient, with large openings to allow mingling with guests, and those ever gift ocean views.

At just over 3,000 quadrilateral feet on a 1.2 acre lot, Bernie's home has been listed at .75 million with the Corcoran Group, Word has it, the government is seeking at least million for the waterfront home. When Madoff purchased it in 1979 it was worth million. Even in a down market, this man would have made a vast profit. The contents have been seized, and any personal belongings, or furniture remaining in the home will be sold off. According to Deputy United States Marshal, Roland Ubaldo, everything found inside will be sold at auction, "from pieces of art to Ruth Madoff's shoes."

In addition to the beach house, brokers will be frantically selling off Madoff's Manhattan apartment and Palm Beach Florida estate, with a total value of roughly million. Initially, it was believed that Madoff was guilty of defrauding tens of billions of dollars. Now after further investigation, those billion dollar numbers were the effect of padded catalogue statements. Bernie never verily invested any of the money, he naturally channeled the funds from new investors to pay off existing ones.

The Madoff home doesn't stand out among other neighboring mansions, but sits quietly by, allowing it's occupants to enjoy the best this area has to offer - probably just the way Bernie wanted it.

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