According to real estate site Zillow, the earnings from Madoff's properties will be split among his victims. The former stockbroker's houses are collectively worth an estimated $27 million. He reportedly stole $65 billion from his investors.
While Madoff's Montauk, N.Y. home was sold to real estate investor Steven Roth for $9.4 million, two other properties remain on the market.
Madoff's Palm Beach, Fla. and New York, N.Y. properties have been reduced in price to $7.9 million and $8.9 million respectively to facilitate the sale.
Madoff is currently serving a 150 year sentence after pleading guilty to 11 federal felonies.
For more information about the homes visit Zillow.