The Real Deal Miami

Realtors vie to sell Madoff house

August 25, 2009 10:21AM

The lakefront Palm Beach home of Bernard Madoff will be sold by the government as it tries to recover some portion of the convicted con man’s assets to compensate victims of his investment scam. Realtors submitted proposals last week to the U.S. Marshals Service to handle the sale of Madoff’s 410 N. Lake Way property — seized by the government in April — as well as other seized Madoff homes in Manhattan and Montauk. Barry Golden, deputy marshal for the Southern District of Florida, said the goal is to get the most from the sales to compensate the victims. The personal property will be removed and sold separately, he said. Realtors for the three properties will be selected by late September.