Out of Irving Picard's reach

Mark Madoff’s former house at 411 Stanwich Road, which he sold for $5.750 million back in 2001 as part of the divorce from his first wife, was further renovated and expanded by those buyers and put up for sale this past September for $13.750 million. Under contract by December, it sold yesterday for $11 million.

Buyers have a Palm Beach ZIP Code, but that’s no guarantee that they intend to make Greenwich their primary residence; in fact, given what’s being planned for Greenwich by the Hartford Democrats, they’d be fools to do do.