Inside Madoff's Homes & Boats in NYC & Florida

CNN Money tours Bernie Madoff's Manhattan penthouse, Palm Beach property, and boats. All go on the market this week. Both residences are expected to fetch $7M.

Here are a few shots of the Manhattan penthouse.

As with the Montauk property we featured previously, this living room supplies more proof that he has boring taste in home furnishings:

The Palm Beach home (below) is likewise prety unremarkable in terms of decor, though we do like the vaulted ceilings and the simple main entry (bottom photo).

Go here for the article and plenty of photos.

Celebrity Home of the Week: Madoff's Beach House

On behalf of all the victims of Bernie Madoff, we declare his beach house our Celebrity Home of the Week.

It's not glamorous. In fact, it's a great fixer-upper, with a little character and a great view. Let's get it sold so that perhaps the victims can get some of their money back!

CHOW & Ciao!

Feds Prepare to Sell Bernie Madoff's Beach House in Montauk

Various news outlets report today that the U.S. Marshals are preparing to sell Bernie Madoff's Long Island beach house, located in Montauk, New York. The home was seized by the feds after Madoff was convicted of swindling investors out of billions of dollars. CNN reports that the feds hope to fetch about $7 million for the home, which CNN describes as unremarkable except for its views of the Atlantic Ocean.

So let's see if CNN is right:

Well, yeah, the living room decor (above) is indeed pretty tired. Judging from the taupe leather sofa "collection," it looks like the home was last updated in the 1980's. And too bad someone cut a giant hole for a TV into that beautiful stone fireplace. Guess it happened before the invention of flat screen TVs.

And, yeah, the kitchen (above) is dated too. Just look at those appliances. But after all, it is just a beach house. Casual is the goal.

Nevertheless, the circular dining room (above) with windows galore is simple, rustic, and frankly perfect for the setting.

Perhaps all the U.S. Marshals need to do is hire an interior designer (or at least a home stager) to bring out the best features of this beach house.

UPDATE: If you want to see a slideshow with additional, larger-sized photos, please go here.

Bernie Madoff's New Digs: The Big House

Starting today, after receiving a 150-year sentence for an illegal Ponzi scheme, Mr. Madoff will spend the rest of his life in this North Carolina federal prison. It's a long way from the New York penthouse he used to call home:

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Welcome to the Big House, Bernie! Make yourself at home!