Buyer of Andy Warhol’s Montauk Estate Lists Nearby Home for $29.5M

Though it may seem unlikely, there are some similarities between art and real estate, one of the biggest being that with big fish come big numbers. That’s definitely the case for billionaire art collector and gallery owner Adam Lindemann–buyer of Andy Warhol’s former Montauk estate, Eothen, which was listed for $85 million. The contemporary art world high-roller recently listed his nearby property at 406 Old Montauk Highway for $29.5 million.

The home was built in 2004; After he acquired it, Lindemann–who is married to gallerist Amalia Dayan, granddaughter of the late Israeli politician Moshe Dayan–hired British architect David Adjaye to take on a complete redesign. The 5,000- square-foot, six-bedroom home is now a unique residence in the far-east end of Long Island affectionately referred to as “the end of the world,” though the former fishing enclave has in recent years become a more-chill-than-the-Hamptons hip celebrity party spot.

This one-of-a-kind three-acre estate sits high on the Montauk bluffs and offers dramatic ocean views from every room. An exhaustive list of luxurious additions within the home’s infrastructure starts with an eight-zone geothermal heat system, central air conditioning, attached two-car garage with one-car lift, a detached two-car garage, home theater, wine cellar and playroom. And we can’t forget those ocean views…

The great room–like much of the home–is given warmth on all sides by rich polished wood and spaciousness from a wall of French doors. A massive two-sided fireplace divides the dining and living spaces.

The restaurant-grade kitchen means business (because the art world is famous for its parties), with three deep sinks, a poured-concrete island, a fridge that can hold an impressive collection of hors d’oeuvres and a six-burner Viking range.

Also on the main floor you’lll find a cozy study that opens onto the deck and patio area.

Five bedrooms and baths are found on the large second floor; the master suite features a built-in platform bed, concealed doors and those unstoppable ocean views.

To complete the beach-getaway picture of perfection, outdoor offerings include dining and seating areas on the deck and patio and a 22-by-40-foot gunite pool and Jacuzzi.

Part of the owner’s vast and valuable collection, “Lamp/Bear,” Urs Fischer‘s 25-foot-tall bright yellow teddy bear sculpture, has enjoyed pride of place on the back lawn.

With those ocean views, comes, of course, the ocean. The main draw of any Montauk property would undoubtedly be the beauty of unspoiled beaches, bluffs, grasses and rocky sand that has made this spot paradise for so many.

[Listing: 406 Old Montauk Highway, by Ed Petrie and James Petrie for Compass.]

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Images courtesy of Compass