Madoff and the Montauk property

Bernard Madoff’s beach-front Montauk vacation home has sold, approximately two weeks after it hit the market. Although the Corcoran Group’s spokesperson Anne Lacombe wouldn’t provide the name of the buyer or a specific selling price, she said that the 3,000-square-foot home was under contract for more than the $8.75 million asking price. The property has attracted a flurry of attention since listing broker Joan Hegner of Corcoran was selected to market the site.