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The Montauk beach house with 3,000 square feet of area sits on the one-and-a-half acre prime lot atop a bluff overlooking an ocean beach. It sits much better the water's edge than would be permitted today due to earlier more lax zoning regulations.

Well shaded by lots of large trees and an outsized second-floor veranda, the house sits just down the shore from a location where Madoff lured in many of his victims, the Palm Beach Country Club.

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