The Real Deal New York

Art collector again relists Montauk oceanfront home for $25M

January 29, 2019 02:59PM

More than two years after art collector Adam Lindemann put a Montauk oceanfront home on the market for $25 million, the property at 404 and 406 Old Montauk Highway has hit the market again seeking $24.95 million, according to Curbed. Lindemann initially listed the six-acre plot on Montauk’s bluffs for nearly $30 million in late 2015, around the same time that he paid $50 million to buy Eothen, a Montauk estate owned for nearly two decades by the artist Andy Warhol. Curbed noted the two parcels that Lindemann paid a collective $21.5 million for in 2007 and 2008 now include a 7,500-square-foot home renovated by architect Sir David Adjaye with interiors by Bob Melet. Compass reportedly first had the listing for the six-bedroom and eight-and-a-half bathroom home, which is being offered fully furnished, but the Corcoran Group’s Gary DePersia now has the listing. The veteran Hamptons broker is also selling former talk show host Dick Cavett’s iconic oceanfront Montauk home, Vornado Realty Trust founder and chairman Steven Roth’s Montauk beach home and nightlife mogul Michael Hirtenstein’s Montauk party pad[Curbed]