What a steal! Madoff’s homes get price cut
N.Y. penthouse, Palm Beach home still for sale after 2 months on market
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Below:
Photos: Inside Madoff's homes
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Penthouse view
Bernard Madoff's penthouse apartment on the Upper East Side in New York City. The U.S. Marshals Service plans to put the 4,000-square-foot duplex, a Palm Beach, Fla., estate, a yacht and two smaller boats up for sale in the hopes of raising tens of millions of dollars to help reimburse victims of Madoff's Ponzi scheme. (Mary Altaffer / AP) Share Back to slideshow navigation -
Luxurious surroundings
The foyer and dining room of Madoff's penthouse apartment. Madoff estimated his Manhattan apartment was worth $7 million. (Mary Altaffer / AP) Share Back to slideshow navigation -
Living in style
Chinese antiques, porcelain vases and towering wooden screens adorn the living room. (Mary Altaffer / AP) Share Back to slideshow navigation -
Spacious dining
The dining room of Madoff's penthouse is as large as some one-bedroom apartments in New York City. (Mary Altaffer / AP) Share Back to slideshow navigation -
Scene of the crime
Madoff's office in the New York apartment. The home office has a leather couch, paintings of sailboats and a sculpture of a bull, a favorite Madoff motif, on a coffee table. There's also the desk where authorities said they found 100 checks worth $173 million that Madoff was ready to send out to close relatives and friends after he realized he would be caught. (Mary Altaffer / AP) Share Back to slideshow navigation -
Stainless steel countertops
The kitchen of Madoff's penthouse apartment has marble and stainless steel countertops and Baccarat crystal glasses in the cabinets. (Mary Altaffer / AP) Share Back to slideshow navigation -
Crystal for sale
Baccarat crystal labeled for sale in the kitchen of Bernard Madoff's penthouse apartment on the Upper East Side of Manhattan. (Mary Altaffer / AP) Share Back to slideshow navigation -
Breakfast nook
The kitchen of Bernard Madoff's penthouse apartment has an atrium breakfast nook. (Mary Altaffer / AP) Share Back to slideshow navigation -
Master bedroom
A four-poster bed adorns the master bedroom of Bernard Madoff's penthouse apartment. (Mary Altaffer / AP) Share Back to slideshow navigation -
Fallen from grace
A detail of a poster of a photo of Bernard Madoff signed by friends and relatives left behind in Madoff's penthouse apartment. (Mary Altaffer / AP) Share Back to slideshow navigation -
Closet space
One of three walk-in closets in the apartment, where agents found more than 50 business suits and countless pairs of men's shoes. (Mary Altaffer / AP) Share Back to slideshow navigation -
Spacious bathroom
One of the bathrooms in Bernard Madoff's penthouse apartment, with white marble floors, a bidet and a flat-screen television. (Mary Altaffer / AP) Share Back to slideshow navigation -
Crammed closet
Boxes with personal belongings in a closet in Bernard Madoff's penthouse apartment. (Mary Altaffer / AP) Share Back to slideshow navigation -
Ruth's office
Ruth Madoff's office in their penthouse apartment. (Mary Altaffer / AP) Share Back to slideshow navigation -
'Bull'
Bernard Madoff's yacht, named "Bull," is a 55-foot 1969 Rybovich that has been completely refitted, from brand-new twin Man Diesel engines to all-new electronics. (J Pat Carter / AP) Share Back to slideshow navigation -
Bunk-style
Madoff's boat features three small state rooms with bunk beds, rather than a large state room with regular-size beds. (J Pat Carter / AP) Share Back to slideshow navigation -
On board
The small kitchen on Bernard Madoff's boat was updated in prepation for the auction. (J Pat Carter / AP) Share Back to slideshow navigation -
Bullish motif
Napkins and glassware bear the name of Bernard Madoff's boat, "Bull." (J Pat Carter / AP) Share Back to slideshow navigation -
Florida seclusion
A large banyan tree in the front yard of Bernard Madoff's Palm Beach, Fla., home. The house, which will be sold at auction, is tucked into a secluded, palm-lined lot with a stunning view to the west across the Intracoastal Waterway. (J Pat Carter / AP) Share Back to slideshow navigation -
On the auction block
Everything in Bernard Madoff's study in his Palm Beach, Fla., home is tagged for auction. (J Pat Carter / AP) Share Back to slideshow navigation -
Home away from home
The formal dining room at Bernard Madoff's Palm Beach, Fla., home. (J Pat Carter / AP) Share Back to slideshow navigation -
Master bedroom
The sitting area of Madoff's Palm Beach, Fla., master bedroom. The 8,700-square-foot house, built in 1973, has Mexican tile throughout, five bedrooms and seven bathrooms. (J Pat Carter / AP) Share Back to slideshow navigation -
Water view
A telescope points out towards the Florida Intercoastal waterway, where Madoff would have been able to see his boats at a 100-foot private dock overlooking a chevron-shaped pool with a Jacuzzi at one end. (J Pat Carter / AP) Share Back to slideshow navigation -
Palm Beach living
Large vegetation and a swimming pool sit behind Bernard Madoff's Palm Beach, Fla., home. (J Pat Carter / AP) Share Back to slideshow navigation -
Close to the sea
The 1.2-acre lot in Montauk, New York sits closer to the surf than larger neighboring homes on the southeastern tip of Long Island. (Robert Mecea / AP) Share Back to slideshow navigation -
Room with a view
This is a view of the living room of the house of Bernard Madoff in Montauk, New York. A staircase descends to the living room with vaulted ceilings, exposed beams and a stone fireplace. (Robert Mecea / AP) Share Back to slideshow navigation -
Dinner for eight
The dining table has a view of the ocean. At 3,014 square feet, the home is cottage-size by superrich standards. (Robert Mecea / AP) Share Back to slideshow navigation -
'Understated' design
The master bath, one of three bathrooms in the house, has a look right out of the 1980s. (Robert Mecea / AP) Share Back to slideshow navigation -
Decoy ducks
A set of antique duck decoys on a hallway table. (Robert Mecea / AP) Share Back to slideshow navigation -
In the bedroom
The second-floor entrance leads to this small master bedroom with a private terrace. (Robert Mecea / AP) Share Back to slideshow navigation -
Nautical-meets-folk-art
The Madoffs' interior decorating taste leaned toward nautical-meets-folk art. (Robert Mecea / AP) Share Back to slideshow navigation -
Faded furniture
Faded furniture, like this night table in one of the bedrooms, can be found throughout the home. (Robert Mecea / AP) Share Back to slideshow navigation -
Relaxing on the porch
Several sets of glass doors open onto the porch. The four-bedroom, three-bath beach house has been described as "simple, stylish and understated." (Robert Mecea / AP) Share Back to slideshow navigation -
Pool party
A small swimming pool overlooks the Atlantic Ocean. A private path winds to the beach through pine trees, rose bushes and dune grass. (Robert Mecea / AP) Share Back to slideshow navigation
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Editor's note:
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