The Roths tapped designer Thierry Despont to oversee a massive renovation of the 3,000-square-foot home. Photo: Chris FosterA Montauk, N.Y., beach house formerly owned by disgraced financier Bernard Madoff is coming on the market for $21 million. The current owners, real-estate titan Steven Roth and his wife, Daryl, a theater producer, bought the property for $9.41 million in 2009, records show. The proceeds of the sale, which was handled by the U.S. Marshals Service, went toward restitution for the victims of Mr. Madoff’s notorious Ponzi scheme.

Source: Wall Street Journal April 11, 2018 14:40 UTC