Fashion designer Ralph Lauren is in contract to buy playwright Edward Albee’s former estate in Montauk, the Wall Street Journal reported on Thursday. The property had last been listed for $20 million, the first time on the market in 50 years, but the final sale price has not been confirmed. Located on 2.8 acres with 200 feet of Atlantic Ocean frontage, the four-bedroom home was first purchased in the 1960s by the “Who’s Afraid of Virginia Wolf” writer, who died in 2016. With this purchase, Lauren, who owns homes on either side of the property at 320 Old Montauk Highway, adds to his continuous strip of oceanfront real estate.
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Sited on 2.8 acres, with 200 feet of Atlantic Ocean frontage, the estate at 320 Old Montauk Highway in Montauk was purchased in the 1960s by the renowned “Who’s Afraid of Virginia Wolf” playwright, who died in 2016. The property is now for sale asking $20 million. Albee’s Tribeca loft is also on the market for $9 million. The legendary stage actress Uta Hagen reportedly convinced Albee to buy the Montauk property, which he proceeded to populate with a collection of native plants and trees. This is the first time it’s been on the market in more than 50 years.
Property in Montauk–where billionaires live in trailer parks–just isn’t like other places. For example, this windmill house was built in 1928 by Arthur W. B. Wood, an architect who was enamored of–you guessed it–windmills. Though the windmill that’s part of the six-bedroom home at 162 Fairview Avenue isn’t a real, functional windmill, it is the only windmill house in Montauk. And it’s currently on the market for $1.9 million.
Bernie Madoff’s former Montauk home, seized by authorities in 2009 after the disgraced investor’s Ponzi scheme fell apart, has hit the market for $21 million. The current owners of 216 Old Montauk Highway, Steven Roth, the chair of Vornado Realty Trust, and his wife Daryl, a producer for Broadway, picked up the 3,000-square-foot home in 2009 for $9.41 million. Tapping renowned designer Thierry Despont, the couple totally renovated the three-bedroom, ocean-front home, according to the Wall Street Journal. The house sits far from the road at the end of a long gated driveway and boasts a private path to the beach.
Lady Gaga–a.k.a. Stefani Germanotta–was recently spotted frolicking in the Hamptons with boyfriend/CAA-agent-to-the-pop-stars Christian Carino; the New York Post reports the pair were also seen touring a property in Montauk. The singer was apparently smitten enough with a $5.9 million three-bedroom unit at Gurney’s Residences oceanfront resort at 272 Old Montauk Highway to return for a second look.
The hot Hollywood couple may be downsizing as far as the number of bedrooms they’ll have, but they’re getting ocean views from everywhere in the house. As 6sqft reported, Watts and Schreiber put their stylish six-bedroom Amagansett cottage on the market for $6 million back in December. Now, 27East reports they’ve purchased a four-bedroom house further out on the Island in boho-trendy Montauk.
The 3,600-square-foot home, for which the award-winning actors paid $5.4 million, sits on a half-acre across the street from the beach and abuts a 100-acre nature preserve. Similar to their former retreat, there’s a heated gunite pool and pool house, a chef’s kitchen and garage parking.
This beach house, designed on the shores of Montauk by John Pawson, is anything but flashy. Instead, the goal was to blend the building with its surroundings–“to engage naturally with the flow of the dune,” as Pawson put it. It’s almost reminiscent of the Salk Institute, a complex designed by Louis Kahn in La Jolla, California that powerfully engages with the Pacific Ocean. Here, the home barely peeks above all the beachfront brush surrounding the Atlantic. And from the interior, numerous decks look like they’re extending naturally into the sand. This is the type of getaway that’ll really make you feel one with nature.
“I knew Andy in the early 1980s as a very young man, and I’m a collector of his work . . . I’m very lucky to have this opportunity to live out this dream. It’s a work of art.” This is what billionaire art collector and Upper East Side gallery owner Adam Lindemann told the Post regarding going into contract on Andy Warhol’s $85 million former Montauk estate and equestrian farm.
Warhol bought the 30-acre compound, known as “Eothen,” in 1972 along with filmmaker friend Paul Morrissey for a mere $225,000, putting Montauk on the map as an A-list retreat on par with the East End. As 6sqft reported when the listing hit the market in June, “For years, the artist used the compound as a city retreat, entertaining friends and luminaries that included Jackie Onassis, Mick Jagger, Elizabeth Taylor and John Lennon. Back then, guests of Warhol enjoyed 600 feet of private oceanfront and 24 acres on the bluffs overlooking the ocean.” And now Lindemann, whose fortune comes from his father George Lindemann‘s success in pharmaceuticals and pipeline companies, can try to relive these glory days.
According to Curbed Hamptons, Oscar-winning actress Julianne Moore has listed her charming, pond-front Montauk home for $3,495,000. The lovely and surprisingly understated compound comes complete with a 1,000-square-foot cottage, gunite pool and pool cabana, and .69 acres of landscaped property overlooking Fort Pond.
There is no shortage of colossal poolside palaces in the Hamptons — it is, after all, where many of New York’s rich and famous go to party and play during the dog days of summer. But for those who live in the area full-time — like the growing family of this Montauk lake house — they need homes that are as functional as they are pretty.