Billionaire financier and art collector Adam Lindemann is reportedly in contract to purchase Andy Warhol’s former oceanfront estate in Montauk.
Originally built for the Churchs, the family behind Arm & Hammer baking soda, Eothen (also known as 16 Cliff Drive & 8 Old Montauk Highway) was purchased by Andy Warhol during the ’70s. While living in the Hamptons, the famed photographed hosted the likes of Mick Jagger, Jackie O., Liz Taylor, and John Lennon.
“[Adam] had no interest in the horse farm,” a source told Page Six, who says Lindemann is solely purchasing a parcel that’s the original Warhol property.
Currently owned by J. Crew CEO Mickey Drexler, who scooped up the estate in 2007, the 30-acre, oceanfront property includes 24 acres of horse pasture, accompanied by a 29-stall barn. The main living area features nine bedrooms and 11.5 bath. Surrounded by miles of riding trails and hundreds of acres of adjoining oceanfront reserve, Eothen’s unique location offers its owner a secluded spot to relax in the Hamptons.
The sprawling Montauk property is currently listed for $85 million.