Cashed Out in Florida: Madoff Manse Under Contract

Bernie Madoff's last Florida home is under contract for roughly $5 million.

The 8,000-square-foot home near the Palm Beach Country Club was owned by Ruth Madoff, wife of the convicted ponzi schemer currently ensconced at Club Fed.

The Wall Street Journal reported that the California buyers paid roughly the 2010 valuation of $5.39 million. That's down from last year's original asking price of $8.49 million. Ah, times are tough all over.

U.S. marshals say to stay tuned for an auction of items seized from the home.