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Madoff’s L.I. Beach House Sells for $9.41 Million

3000-square-foot house was on market since Sept. 1


FILE - In this Aug. 28, 2009 photo, a view of the pool and the porch of the house of Bernard Madoff in Montauk, New York, is shown. An unidentified buyer or buyers snapped up Bernard Madoff's Long Island beach house within days after the U.S. Marshals Service put the seized property up for sale, a spokeswoman for broker the Corcoran Group said Thursday, Sept. 17, 2009. (AP Photo/Robert Mecea, file)

FILE - In this Aug. 28, 2009 photo, a view of the pool and the porch of the house of Bernard Madoff in Montauk, New York, is shown. An unidentified buyer or buyers snapped up Bernard Madoff's Long Island beach house within days after the U.S. Marshals Service put the seized property up for sale, a spokeswoman for broker the Corcoran Group said Thursday, Sept. 17, 2009. (AP Photo/Robert Mecea, file)

NEW YORK (AP) — Federal marshals say Bernard Madoff’s Long Island beach house has sold for $9.41 million.

The U.S. Marshals Service put the 3,000-square-foot house on the market Sept. 1 to help repay victims of Madoff’s massive fraud. The four-bedroom house is set amid the dunes in Montauk, N.Y., a beach community east of the Hamptons.


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The home sold on Sept. 18. The Corcoran Group — the broker that sold the home — said at the time that the property sold for above the $8.75 million asking price.

The 71-year-old Madoff was sentenced in June to 150 years in prison for orchestrating a massive Ponzi scheme.

Madoff’s Manhattan penthouse and waterfront mansion in Palm Beach, Fla., remain on the market for $9.9 million and $8.5 million respectively.

Copyright 2009 The Associated Press.

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