406 Old Montauk Highway became expendable with purchase of Eothen

Adam Lindemann’s Montauk Property Soon To Sell?




At the end of Old Montauk Highway south of Deep Hollow Ranch in Montauk is a small enclave of oceanfront properties owned by a handful of men and women with enormous influence in the world of the arts. Among them are photographer Peter Beard and his wife, Nejma, iconic singer/songwriter Paul Simon, noted architect Fred Stelle, and Adam Lindemann and Amalia Dayan, an art collector and art dealer couple.

It is the latter couple whose properties — 404 and 406 Old Montauk Highway — have reportedly been on the market since 2015. They purchased them separately, one on 2007, the other in 2008, for a reported total of over $21 million.

Lindemann and Dayan are not leaving Montauk. In fact, 2015 was the year they doubled down on their oceanfront holdings when they purchased Eothen, a series of oceanfront cottages just west of the enclave. Eothen was once owned by Andy Warhol and his collaborator, Paul Morrisey. Guests who have stayed there include Jacqueline Kennedy Onassis, Elizabeth Taylor, and the Rolling Stones. The purchase price for Eothen was a cool $50 million, according to their attorney, Edward Burke Sr., who has worked with Lindemann for many years.

Burke said once the purchase was made, the former Warhol property became Lindemann’s main focus. The pair successfully applied to the East Hampton Town Zoning Board of Appeals to be allowed to install a swimming pool at Eothen.

But what to do about 406 Old Montauk Highway?

“It is a really beautiful property,” Burke said.

Realtor.com describes 406 Old Montauk Highway as a “fully-furnished Montauk Point ocean compound. The elegant residence, reigning over its own three-plus acres is traditional on the exterior, but modern and fresh within due to a recent interior renovation that has added significant furniture and important artwork, included in the sale of this fully-furnished six-bedroom, 7500-square-foot house.” It also has nine bathrooms.

It appears that a buyer may be waiting in the wings for the Old Montauk Highway property. Another of Lindemann’s representatives, Joel Halsey of Lighthouse Land Planning, made an application to the town’s ZBA seeking a permit to legalize work Lindemann had done on the property after he and his wife purchased it in 2008. Those additions include a trellis over a pool patio, another over some decking, a slate patio, a slate walkway, and a staircase down to the beach. Legalization of the changes is required before the East Hampton Town Building Department can issue a certificate of occupancy, which would be needed to close any sale.

Tyler Borsack of the town planning department told members of the ZBA during a public hearing on the application September 24 that most of the changes Lindemann has made would have been approved if they had been included when the previous owner obtained the original building permit for the property, with the one exception being the staircase to the beach. That staircase is wider than the original application called for, and is wider than what the board normally approves. Halsey said the width problem is being dealt with.

There was also overclearing on the property, Borsack said. Halsey agreed to work with the planning department to re-vegetate the needed square footage. The record was kept open for three weeks to allow Halsey to submit the re-vegetation plan.

t.e@indyeastend.com