(Adds comment from U.S. marshal, paragraph 3)
By Jonathan Stempel
NEW YORK, Sept 17 Bernard Madoff once slept
there. Soon, someone else will.
The imprisoned swindler's Montauk, New York home, located
on a beach with sweeping views of the Atlantic Ocean, has been
sold for more than the $8.75 million asking price, a
spokeswoman for broker Corcoran Group said on Thursday.
While the property is under contract, the name of the buyer
and the purchase price are not being disclosed "to protect the
integrity of the sale," U.S. Marshal Joseph Guccione said in a
Several buyers had submitted bids for the four-bedroom,
three-bath, 3,000-square-foot home, which was on the market for
Sale proceeds will go toward reimbursing victims of
Madoff's estimated $65 billion Ponzi scheme.
The government is also selling two other U.S. homes owned
by Madoff, as well as his cars, boats and personal effects.
It has also stripped Madoff's wife, Ruth, of most of her
wealth. Victims of the Ponzi scheme are suing Ruth Madoff to
recover far more than the government let her keep.
Buyer interest in the Montauk home may have been stoked by
the notoriety of Madoff, and a decision by U.S. marshals to
allow TV and still cameras into the home for a tour.
Madoff's 4,000-square-foot duplex penthouse on Manhattan's
Upper East Side is listed for $9.9 million by Sotheby's
International Realty. His 8,750-square-foot home in Palm Beach,
Florida is listed for $8.49 million by Corcoran.
Estimates filed by federal regulators valued the Montauk
home at about $3 million. The Madoffs also had a home in Cap
d'Antibes on the French Riviera, between Cannes and Nice.
Montauk is roughly 120 miles east of Manhattan on Long
Island and is known for its many large summer homes owned by
famous and wealthy people.
Bernard Madoff is serving a 150-year sentence in a medium
security prison in Butner, North Carolina.
(Reporting by Jonathan Stempel; Editing by Steve Orlofsky)