In early January, the five-bedroom Palm Beach estate owned by Marion Madoff (wife of Bernie's brother Peter) hit the market for $6.5M, promising garden views of the bathroom and interiors that are “totally renovated and ready to move in." Well, despite the fact it's located in "the most desirable section of the island,” according to the listing agent, the property has languished for nearly four months and has just been price-chopped to $5.9M. The house sits directly under an airplane path, but we're assuming the reason it hasn't sold yet has a tad bit to do with something else entirely.
· Bernie Madoff's Brother's Wife Lists Lushly Landscaped Estate [Curbed National]
· Peter Madoff's Wife Cuts Price on Palm Beach Home [WSJ]