Mark Madoff, Bernie's Son, Puts Nantucket Home Up For Sale (PHOTOS)

Want to own a tiny piece of Madoff family history? One of Bernie's two sons, Mark Madoff, has put his Nantucket home on the market, the New York Times reports.

Mark Madoff "bought the house for $6.5 million in 2008, the same year they sold a smaller one on Nantucket for $2.3 million," the paper notes.

The price? $7.5 million for the 6-bedroom, 6-bathroom beach bungalow that includes a pool, patio and guest quarters.

Check out photos of the home -- and check out the full listing at Killen Real Estate:

Killen Real Estate

Killen Real Estate

Killen Real Estate

Comments

[lldanj]

02:17 AM on 07/17/2010

In the interest of levity, I wrote a song about the Madoff scandal. Though it attempts at humor, it is not intended to belittle the seriousness. Rather, it is to spread awareness to the mainstream of the population of the dangers of the current dangerous lack of regulation in the financial markets. You can listen to the song here: http://www.reverbnation.com/eplay/artist_821811. Please let me know what you think and share it!

[amber15]

02:13 AM on 06/29/2010

so its time to liquidate eh? Wonder where they're running to?
another country perhaps where they'll need the cash?

[Takebackourmoney]

01:36 PM on 06/28/2010

Why does he still have a house.

[Lpeter]

07:44 AM on 06/28/2010

Their pleasure is now their pain and their worldly possesions now their bondage that suffocates them.

These grown men are so un-enlightened. Wake up. Money and Greed just blinds us. Peace.

[binksmom85]

12:31 AM on 06/28/2010

I love when business names or people's names are puns on their jobs. So the guys who made a killin Ponzi style are using the Killen real estate company

[Aripottah]

11:40 PM on 06/27/2010

Nice of Mark to sell the home so that partial restitution can be made to all those people swindled by Bernie and the "boys".

[hollybork]

05:41 PM on 06/27/2010

Well, how nice to know Madoff Jr. will make a profit on his little purchase. There always is a silver lining!

[ThoughtAboutIt]

02:09 PM on 06/27/2010

Before you talk seizure you should know how much equity is in the property. He may own it free and clear or owe $7M. The lien holders interests have to be recognized.

[FreedomAgain]

12:32 PM on 06/27/2010

Their whole family should be required to liquidate all assets and be left without any money at all. Why should they keep the profit from scamming a bunch of people?

[sunbeltvoter]

12:02 PM on 06/27/2010

So he buys the house at the peak of the bubble and wants to sell it for MORE?

Someone tell Mark the truth. 95% of those who used to be potential buyers for that house were his dad's clients---and thanks to daddy are now too broke to buy a doublewide trailer in Tampa.

[zeeke]

11:59 AM on 06/27/2010

Bernie's sons are rich but innocent...bull$h*t!

[MadamRoma]

11:57 AM on 06/27/2010

It's long past time to put those two boys in the welfare line.

[teachpeace]

11:28 AM on 06/27/2010

"There once was a crook from Nantucket..."

[bikelady1]

12:25 PM on 06/27/2010

"And he told the world to go f***k it"...

[Lpeter]

07:49 AM on 06/28/2010

And he said with a grin as he stole cash in sin

If they asked for it back I would tell them to suck it.

[NHBill]

10:53 AM on 06/27/2010

Sad to say if they had any against anyone other than Bernie they would be charged by now. Bernie seems to have been able to protect his family by taking the rap.

[DSOTM]

10:36 AM on 06/27/2010

The house should have been seized by Federal Marshals, its hard to imagine he didn't know where the money came from.