/ Source: The Associated Press
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.
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.
