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Brokers Weekly

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Published: 10/27/2010Source: Brokers Weekly

THE Corcoran Group just sold the last remaining home of Bernard L. Madoff. The 8,753 s/f Palm Beach, Fla. holiday home was sold by agents Jim McCann and Burt Minkoff on behalf of the U. S. Marshals Service for $5,650,000. The home's Honduran Mahogany front door opens into a series of main floor suites, a great room, dining room and atrium. The upstairs master suite has a balcony running the width of the house and the outdoor loggia faces the pool, dock and Intracoastal.

 

It's the third deal Corcoran has handled for the Marshalls who seized the homes following the financier's Ponzi scheme arrest. The brokerage also sold Madoff's Montauk beach house for $9.41 million to Vornado chairman Steve Roth and his Manhattan apartment, which was bought for $8 million in May.

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