The Real Deal Miami

Madoff’s Palm Beach manse goes for 33% off

October 15, 2010 05:27PM

Bernard Madoff

Bernard Madoff’s West Palm Beach mansion at 410 N. Lake Way closed today for $5.65 million, Joseph Guccione, U.S. Marshal for the South District of New York, announced. Originally listed Sept. 1, 2009 for $8.49 million, brokers Burt Minkoff and Jim McCann of the Corcoran Group were most recently asking $6.5 million. The Wall Street Journal previously reported that Sotheby’s International Realty represented the buyer, whose identity remains unknown. “This sale marks the final disposition of all the properties related to the Bernard L. Madoff case,” said Roland Ubaldo, the Supervisory Deputy U.S. Marshal. “We will continue to dispose of the remaining assets with the goal of receiving maximum gain for the victims of this crime.” TRD