Brokers are particularly interested in Bernard Madoff’s (left) Montauk home (right, source: East Hampton Star)

Before Bernard Madoff was sentenced to 150 years for fraud yesterday,
the courts began liquidating his real estate portfolio to pay back his
victims. On Friday, three days before Madoff received his sentence, Judge Denny
Chin for the Southern District of New York ruled that U.S. Marshals
could begin selling seized Madoff homes around the world. He and his wife, Ruth, have properties on the Upper East Side and in the Hamptons, Palm Beach, Fla., and France. One property that is generating considerable interest, particularly in
the broker community, is a beachfront getaway in the Montauk section of
the Hamptons that sits unusually close to the ocean and has had
only one previous owner, making details of its layout and appearance
something of a mystery. [more]