Roland Ubaldo of the Southern District of New York Marshal Service and in charge of auctioning off the convicted conman's homes and boats said he was happy to get so much money for the victims. He said, \"That's been our goal from day one -- to give back to the victims as much as possible.\"
Click here to read an excerpt of Brian Ross' new book - The Madoff Chronicles.
There was great interest in the Madoff home after U.S. Marshals put it on the market and conducted a video tour for news cameras. Corcoran real estate agents said they received multiple offers.
Click here for complete Blotter coverage of Madoff and his Ponzi scheme.
\"As soon as you walk into it, there is an understated elegance you don't see from the outside,\" said Ubaldo as he walked reporters through the 3,000 square foot home last month.
Madoff bought the property and built the home in the 1980's. It was seized by the government in July and proceeds from the sale will go to the victims of Madoff's Ponzi scheme. His neighbors along the beach include Robert DeNiro and Ralph Lauren.
\"People recognized the value of the property, the home, the incomparable views and nice, easy access to the beach,\" Corcoran real estate broker in charge of the sale, Joan Hegner, told ABC News.
Go behind the scenes of Brian Ross' investigation into Bernie and Ruth Madoff by clicking here.
The four-bedroom, three-bath home is located on 182 feet of prime beach property.
The U.S. Marshals Service still has two more Madoff properties to sell: the penthouse apartment in Manhattan and his Palm Beach waterfront estate.
CLICK HERE TO SEE MADOFF'S KITCHEN AND FAMILY ROOM.
Madoff's Mercedes Benz will be auctioned off next week and in mid-November, his three boats will put on auction in Fort Lauderdale, Florida. His wife Ruth Madoff sold their villa in France and an 85-foot yacht, agreeing to turn over the proceeds to the government.
Ultimately, the government expects the property sales to bring in around $30 million dollars, which is a tiny fraction of the billions of dollars lost by people who invested with Madoff.
Click Here for the Blotter Homepage.
","publishedDate":"2009-10-16T21:57:41Z","contributors":[{"name":"ABC News","url":"","role":"","logo":"","logoAlt":""}],"modifiedDate":"2009-10-16T23:40:18Z","section":"Blotter","wordCount":507,"relatedTags":{"heading":"Related Topics","tags":[]},"lead":{"ratio":"16x9","disableForMobile":false,"type":"xl","mediaType":"image","alignCaptionToBody":true},"ads":{"Sticky":{"kvps":{"test":true}},"RightRail":{"kvps":{"test":true}},"InlineBox":{},"InlineOutstream":{"disabled":false},"Taboola":{"position":"bottom","pageType":"article","config":{"network":"abcnews-abcnews","mode":"thumbnails-a","container":"taboola-below-article-thumbnails","type":"article","targetType":"mix","placement":"Below Article Thumbnails"}}},"featuredVideo":null,"dateline":"Oct. 16, 2009 —","seo":{},"LivePromotion":{}},"autoUpdate":{"enabled":false,"topics":["general-elections-2020-balance-of-power"]}},"upw":{"balanceOfPower":{"electoral":{"header":"Biden Projected to be President-Elect","candidates":{"democrats":{"id":1036,"displayName":"Joe Biden","shortDisplayName":"J. Biden","firstName":"Joe","lastName":"Biden","party":"democrats","major":true,"incumbent":false,"winner":true,"votes":306},"republicans":{"id":8639,"displayName":"Donald Trump","shortDisplayName":"D. Trump","firstName":"Donald","lastName":"Trump","party":"republicans","major":true,"incumbent":true,"winner":false,"votes":232},"other":{"displayName":"Other","votes":0}},"parties":{"democrats":"democrats","republicans":"republicans"},"type":"electoral","votes":{"democrats":{"available":{},"total":306,"difference":{},"popular":{"displayValue":"81,283,098","value":81283098}},"republicans":{"available":{},"total":232,"difference":{},"popular":{"displayValue":"74,222,958","value":74222958}},"other":{"available":{},"total":0,"popular":{}},"total":538},"needed":{"displayText":"270 to win","displayValue":"270","value":270},"lastUpdated":{"value":"2020-12-18T21:15:13.850Z","displayValue":"December 18, 4:15:13PM ET"},"reporting":"99% of Expected Vote Reporting"},"senate":{"header":"Senate Seat Results","candidates":{"democrats":{"displayName":"Democrats","icon":"party-democrats","votes":46,"winner":false},"republicans":{"displayName":"Republicans","icon":"party-republicans","votes":50,"winner":false},"other":{"displayName":"Other","votes":2}},"parties":{"democrats":"democrats","republicans":"republicans"},"type":"senate","votes":{"democrats":{"available":{"displayText":"12 Democrats up for election","shortDisplayText":"12 Dems. up for election","displayValue":"12","value":12},"total":46,"difference":{"displayText":"Gained 1 seat","displayValue":"1","value":1},"popular":{}},"republicans":{"available":{"displayText":"23 Republicans up for election","shortDisplayText":"23 Reps. up for election","displayValue":"23","value":23},"total":50,"difference":{"displayText":"Lost 1 seat","displayValue":"-1","value":-1},"popular":{}},"other":{"available":{"displayText":"0 Others up for election","shortDisplayText":"0 Others up for election","displayValue":"0","value":0},"total":2,"popular":{}},"total":100},"needed":{"displayText":"51 for control","displayValue":"51","value":51},"lastUpdated":{"value":"2020-12-17T18:22:05.390Z","displayValue":"December 17, 1:22:05PM ET"}},"house":{"header":"House Results: Dems Retain Control","candidates":{"democrats":{"displayName":"Democrats","icon":"party-democrats","votes":222,"winner":true},"republicans":{"displayName":"Republicans","icon":"party-republicans","votes":210,"winner":false},"other":{"displayName":"Other","votes":0}},"parties":{"democrats":"democrats","republicans":"republicans"},"type":"house","votes":{"democrats":{"available":{"displayText":"233 Democrats up for election","shortDisplayText":"233 Dems. up for election","displayValue":"233","value":233},"total":222,"difference":{"displayText":"Lost 10 seats","displayValue":"-10","value":-10},"popular":{}},"republicans":{"available":{"displayText":"201 Republicans up for election","shortDisplayText":"201 Reps. up for election","displayValue":"201","value":201},"total":210,"difference":{"displayText":"Gained 10 seats","displayValue":"10","value":10},"popular":{}},"other":{"available":{"displayText":"1 Others up for election","shortDisplayText":"1 Others up for election","displayValue":"1","value":1},"total":0,"popular":{}},"total":435},"needed":{"displayText":"218 for control","displayValue":"218","value":218},"lastUpdated":{"value":"2020-12-17T18:22:02.900Z","displayValue":"December 17, 1:22:02PM ET"}},"lastUpdated":{"value":"2020-12-18T21:15:13.850Z","displayValue":"December 18, 4:15:13PM ET"},"autoUpdate":{"enabled":false,"topics":["general-elections-2020-balance-of-power"]},"electionsConfig":{}},"types":["electoral","senate","house"]}},"analytics":{"accountID":"wdgnewabcnews,wdgasec,wdgnewabcnweb,wdgnewabcnewsrollup","ns":"abcnews","pageName":"abcn:blotter:story","pageType":"story","pageUrl":"abcnews.go.com/Blotter/madoffs-home-sells-high-price-helping-victims/story?id=8848804&page=2&userab=abcn_web_article_ts-218*variant_b-819","globalSpecVersion":"v1.08","siteDifferentiator":"abcn:site","tagID":"apage_news01","userABCookie":"abcn_web_article_ts-218*variant_b-819","alertTag":"none","authors":"ABC News","authorsBureau":"none","authorsUnit":"none","dateline":"Oct. 16, 2009 —","id":"8848804","modDate":"2009-10-16","mediaOnPage":"none","modTime":"19:40","provider":"ABC News","pubDate":"2009-10-16","pubTime":"17:57","section":"Blotter","subBrand":"none","title":"Madoff Premium on Beachfront Home","videoId":"none","videoName":"none","wordCount":507},"taboola":{"config":{"network":"abcnews-abcnews","mode":"thumbnails-a","type":"other","targetType":"mix","placement":null,"pageTypeOverrides":{"story":{"mode":"thumbnails-a","type":"article","targetType":"mix","placement":"Below Article Thumbnails"},"home":{"mode":"thumbnails-b","container":"taboola-homepage-thumbnails","type":"home","targetType":"mix","placement":"Homepage Thumbnails"},"section":{"mode":"thumbnails-b","type":"category","targetType":"mix","placement":"Section Front Thumbnails"},"liveBlog":{"mode":"thumbnails-d","type":"other","targetType":"mix","placement":"Blog"}}}}},"request":{"headers":{},"httpVersion":"1.1","method":"GET","url":"/Blotter/madoffs-home-sells-high-price-helping-victims/story?id=8848804&page=2&userab=abcn_web_article_ts-218*variant_b-819","vary":{"host":"abcnews.go.com","cached":true,"path":"/Blotter/madoffs-home-sells-high-price-helping-victims/story","forwarded-proto":"https","device":"desktop","country":"us","userab":"abcn_web_article_ts-218*variant_b-819","region":"gdpr"}},"viewport":{"width":1260,"height":0},"user":{}};
