Montauk Vacation Rentals and the Notorious Madoff

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For $8.75 million, you can bid on the home that Ponzi built: Bernie Madoff’s former private beach residence on Long Island.

The David Webb-designed house is surprisingly unflashy–fitted with Formica counters and on the smaller side compared with other properties, according to Fortune–considering its ex-owner pirated $65 billion from the people who entrusted him with their life savings and retirements.

Yet the new owner may feel a sense of giving back while enjoying those heavenly ocean views. All the proceeds from the auction and sale will go toward a fund for Madoff’s victims.

The rest of us, meanwhile, will be saving up for our next summer vacation at a Montauk vacation rental like the one above, a relative bargain at $1,500 a week to $3,800 a week depending on the month. The owner gushes about the area’s secluded dunes and virtually uninhabited coastline.

No wonder Bernie felt at home there. It was a hiding place.

Posted in Beach vacations, Romantic getaways

About Valerie

Valerie Moloney is your resident blogger and the Expansion Markets Editor for Citysearch.com, who oddly enough, feels panicked when asked, "What's the best place to eat in Chicago?" or her favorite, "It's my birthday. Where should we go with a party of six?" No stranger to travel--and traveling with kids--she is a young mom who ODs on the Internet when it comes to planning family trips or buying clothes. Here's hoping she finds you the vacation you deserve.

One Response to Montauk Vacation Rentals and the Notorious Madoff

  1. Rhode Island with friends playing volleyball

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