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Panoramic View Bidding is Extended, But You'll Need Deep Pockets to Buy

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The federal government, which seized the beautiful Panoramic View resort in Montauk after its owners were convicted of running a Ponzi scheme, has extended the deadline for bidding for the property. If you're interested, you now have until Wednesday, August 12 to make an offer. (For more information, email We have it on good word, however, that an offer of $54.1M has already been refused by the government; hard to say what the property is worth now but $60M is probably the low end, given the ten acres of oceanfront land. Gossip is that NYC developer/real estate investor Lloyd Goldman is planning to outbid everyone else.
· All posts about the Panoramic View [CH]
· All posts about Lloyd Goldman [TRD]