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BREAKING: Madoff House Listed on Corcoran's Website

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The wait is over! Beating expectations, Bernie Madoff's Montauk home was officially listed on Corcoran's website this morning. The 3,000 square footer is dubbed a 'Magnificent Montauk Oceanfront' in the listing, and, as expected, there is no mention of the tainted Madoff name. (Though the U.S. Marshals' house tour may make this the worst kept secret in Hamptons real estate history.) Photos of the $8.75 million house prominently feature the 182 feet of beach frontage, as well as that awful pebble fireplace seen 'round the world on yesterday's news.

Perched just above the dunes edge lies a once in a lifetime property spanning 182' along Montauk's Gold Coast, graced by the consummate shingled beach home. This extraordinarily rare offering, built in the early 80's, offers a dramatic great room with a soaring 2 story Montauk Stone fireplace framed by polished wide plank pine flooring. The easy open floor plan spills out to generous decking and pool with its own path to the most beautiful beach on the entire east end. Four bedrooms, three bathrooms and an office make this the perfect ocean retreat you've been dreaming about.

· Listing: 216 Old Montauk Highway [Corcoran]