Bernard Madoff's Palm Beach Home Under Contract
The final price won't be disclosed until the sale closes, but the 8,753-square-foot home, which was originally listed for $8.5 million, was, as of a couple months ago, dropped to $6.5 million. The buyers' offer was reportedly more than $5 million.
"Obviously this is good news,'' Roland Ubaldo, supervisory deputy of the U.S. Marshals Service in the Southern District of New York told the Daily News. ``We are under contract for the Palm Beach property, but, as they say, `it's not sold till it's sold.' ''
Though, apparently it was love at first sight.
"They saw it only once,'' Sothebys' Mary Boykin, who worked with the buyers - a California couple paying cash - told the Daily News. "They fell in love with the place and didn't care about its provenance."
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