It's time! Bernie Madoff's Old Montauk Highway mansion will be up for sale this week, the first of his three properties to hit the market. The U.S. Marshals will select a broker sometime midweek and officially list the home before Labor Day. CNBC offered up a video tour of the Madoff residence this morning, complete with a Marshal vowing to not sell the home for anything less than its market value, no matter the market. That be-all-end-all price? $7 million, so it seems like the 4 bedroom house will be listed for closer to $8.75 million to get what the government is looking for. Elsewhere in the vid, take a look at the rather hideous pebble fireplace, a random assortment of bad furniture, and the occasional piece of gym equipment, most of which will be put up for auction in the near future.
· Bernie's Beach House [CNBC]