Renovated Beachfront Hamptons Home That Belonged To Bernie Madoff
American financier Bernard Lawrence Madoff is well-known for his company, Bernard L. Madoff Investment Securities LLC, but even more well-known for the Ponzi scheme that came from it. Madoff was only twenty-two years old when he started his company, persuading family and friends to invest with him. Although he faced many issues in his early career, some of which caused jail time, he was determined to be a part of the Wall Street in-crowd, according to Investopedia.
By the 1980s, success had finally found Madoff. He was receiving tons of investments and made nearly $100 million every year. His success reigned for quite a while before the scheme was officially discovered. To this day, Bernie Madoff is still known for pulling off one of the largest Ponzi schemes the U.S. has ever seen. Madoff was sent to court in 2009 and pleaded guilted for ripping his customers off of nearly $65 billion. CNBC states that Madoff was sentenced to 150 years in prison but died nearly twelve years into his sentence, at the age of eighty-three, due to natural causes. As Bernie Madoff's billion-dollar scheme came to an end, his many estates skipped through the market to find new owners. After years, Madoff's Hamptons beach-front home finds itself on the market for $22.5 million (per Realtor.com). Let's take a look inside this luxurious estate.
The Montauk beach house
Madoff's beachfront home is located in Montauk, New York. Montauk is known for being the perfect getaway for a New York City dweller. The little town is located right along the ocean and offers beautiful beaches perfect for fishing, surfing, paddling, and more. Montauk Chamber of Commerce claims that there are also plenty of restaurants, landmarks, and recreational areas scattered throughout the area to enjoy, as well.
In a quiet, relaxing town, Madoff's former home offers the perfect place to reside. First and foremost, the positioning of the home allows for convenient access to the beach, which is only a short 180 feet walk from the back of the home. The property also boasts several outdoor areas to fully relax and enjoy the ocean-atmosphere. This is seen through the beautiful terrace that extends from the back of the home. This area is covered with a canopy and offers a perfect view of the beach and ocean. Right next to this area is also an uncovered pool area, complete with a small side area perfect for lounging in the sun. Realtor.com also shows a small open shed where beach and pool equipment can be neatly stored when it is not in use.
Small but beautiful rooms
The 3,000-square-foot beach house is rather small but still offers three beautiful rooms and three luxurious bathrooms. Realtor.com shows a rather small but beautiful master bedroom with a luxurious full-sized bathroom within the same proximity. The bathroom holds a long vanity counter with plenty of storage space and a large walk-in shower.
Unlike the bedrooms, the main living room and kitchen are the most spacious areas within the house. The living room boasts high ceilings and plenty of floor space for seating arrangements. This area makes a perfect space for spending time with family or entertaining guests. The kitchen is also very spacious, with plenty of cabinet space for storage and counter space for a variety of cooking needs. The kitchen area is also large enough to hold a full-sized dining table. A more casual meal can be enjoyed on the balcony just beyond the kitchen doors when the weather is nice.
Light and airy styles
What the home lacks in size, it makes up for in style and beauty. Upon entering the home, residents and guests are immediately met with a light, airy style. This style is first seen in the living room, where the high ceiling is lined with windows all the way up toward the ceiling. The lightly colored walls are matched by a light hardwood floor and stone fireplace that is designed with rounded stones that are cemented into the wall above and around the mantle. Similarly, the kitchen takes on a similar style with a glossy white cabinet and a creamy white countertop. The kitchen is also fitted with a wall of floor-to-ceiling windows that open up to the terrace and the ocean just beyond, as seen on Realtor.com.
Moving toward the bedrooms, the floor-to-ceiling windows continue with the same lightly colored walls and light hardwood floor. The master bathroom, however, is where a much more modern style emerges. The long vanity is made from a slick, white marble, and the walk-in shower is enclosed with clear glass. Although there are no floor-to-ceiling windows present in the bathroom, aside from the door that leads out to the back of the house, there is a skylight that naturally lights the room from above.