Gallerist Adam Lindemann Lists His Montauk House For $29.5 Million - 27 East

Real Estate News

Real Estate News / 1408867

Gallerist Adam Lindemann Lists His Montauk House For $29.5 Million

icon 4 Photos

Kerry Delrose interior

Kerry Delrose interior

author on Oct 27, 2015

With his eyes set on the former Andy Warhol estate known as “Eothen,” art collector and gallerist Adam Lindemann is listing his Montauk home, just a few doors down, for $29.5 million.

Almost two weeks ago, news broke that Mr. Lindemann, who owns a gallery on Madison Avenue in New York City, was in contract to purchase the iconic Warhol property on Old Montauk Highway.

Much like Eothen, Mr. Lindemann’s six-bed, 8.5 bath home is also set near the ocean. Designed by British architect David Adjaye, the 5,000-square-foot home features a built-in platform bed, an attached two-car garage with a one-car lift, another detached two-car garage, a home theater and a wine cellar. Other unique features include the kitchen, which has three deep sinks and a poured-concrete island. A heated pool and Jacuzzi are located near an outdoor dining area.

Mr. Lindemann, who has owned the 6-acre estate since around 2004, made headlines after installing some colossal sculptures on his oceanfront land, including a 23-foot-tall yellow teddy bear under a desk lamp, a bronze sculpture by artist Urs Fischer, which remains. He also installed a controversial 15-foot-high vertical pink sculpture by artist Franz West. Many were offended by its phallic appearance and it was later removed.

The listing photos show other colorful outdoor sculptures as well as artwork that is displayed throughout the house.

Mr. Lindemann told the New York Post recently that he had known Mr. Warhol in the 1980s. “I’m very lucky to have this opportunity to live out this dream,” he told Page Six about his impending home purchase. “It’s a work of art.”

The former Warhol estate is owned by Millard “Mickey” Drexler, CEO of the clothing and accessories store J.Crew, who bought the 5.6-acre oceanfront property, which includes six cottages, for $27 million in 2007. The cottages are arranged in a slight semi-circle and were renovated by architect Thierry Despont after Mr. Drexler purchased them.

In June, he put it up for sale along with an adjoining 22-acre horse pasture for $85 million. While the two properties were packaged together, the option to buy them separately was available, and the billionaire art enthusiast is only interested in the oceanside compound. The final sale price for Eothen has not yet been made public.

Without Eothen, the pasture could fetch anywhere from $25 million to $35 million, although that price has yet to be determined.

Mr. Lindemann’s property is listed with Ed and James Petrie of Compass. Ed Petrie had helped broker the sale of Eothen while he was still at Sotheby’s International Realty, along with Paul Brennan of Douglas Elliman.

You May Also Like:

Wyandanch Lane Residence Sells For $8.95 Million

A classic Southampton Village home on a Wyandanch Lane flag lot has sold for $8.95 ... 16 Jan 2020 by Staff Writer

Newly Built Little Plains Road Residence Sells For $11.35M

A newly built Southampton Village residence by Northport’s Schuttinger Building has sold for $11.35 million. ... 14 Jan 2020 by Staff Writer

CPF Revenue For First 11 Months Of 2019 Down 23 Percent

Revenues for the Peconic Bay Region Community Preservation Fund during the first 11 months of ... 10 Jan 2020 by Staff Writer

Normandy House On Southampton’s Lake Agawam Sells For $22 Million

The historic Normandy estate fronting Southampton Village’s Lake Agawam has changed hands for $22 million, ... 8 Jan 2020 by Staff Writer

Ellen Pompeo Sells Sag Harbor Home

Actress Ellen Pompeo’s modern farmhouse retreat on 8 acres in Noyac has sold, about six ... by Staff Writer

Water Mill Home That Previously Belonged To Mel Brooks, Anne Bancroft Sells For $11 Million

An oceanfront Water Mill beach house that once belonged to filmmakers Mel Brooks and Anne ... 7 Jan 2020 by Staff Writer

Hampton Bays Home Fronting Peconic Bay Sells For $3.9 Million

In Hampton Bays, 18 Cedar Point Road, located east of the Shinnecock Canal and fronting ... 6 Jan 2020 by Staff Writer

State Issues New Regulations In Response To Newsday’s Housing Discrimination Investigation

The New York State Board of Real Estate has approved new regulations to combat housing discrimination in response to a three-year Newsday investigation. The investigation and subsequent report, titled “Long Island Divided,” found widespread illegal discrimination against minority homebuyers. Newsday also found that the fair housing and anti-discrimination training classes that real estate agents are required to attend were, more often than not, inaccurate, confusing or incomplete. Governor Andrew Cuomo directed the Department of State to issue new regulations in light of Newsday’s report, which was published in November. On December 16, the State Board of Real Estate — which ... by Staff Writer

Water Mill Estate Sells After Last Asking $27.5M

A Water Mill estate that was last asking $27.5 million sold on December 20, slipping ... 2 Jan 2020 by Staff Writer

Bates And Masi Build In Sagaponack Sells For $14 Million

A new ultra-modern build in Sagaponack Village by East Hampton’s Bates + Masi Architects has ... by Staff Writer
logo

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported