Photos by Jake Rajs

Billionaire art collector, investor and gallery owner Adam Lindemann has dropped the price of his listed Montauk estate to $15.5 million USD. Originally listed in 2015 for $29.5 million USD, the massive property is complete with a newly renovated main house, designed by architect David Adjaye. The house is a traditional wood-shingled 7,500-square-foot estate that is accompanied by a three-acre lot, heated pool and jacuzzi, several patios, a private staircase that leads to a secluded stretch of beach and two-car garage with a hydraulic lift.

The entirety of the house was designed by interior designer Bob Melet, and it is available to purchase as fully furnished. This is a huge selling point, as the place is full of beautiful and elegant furniture as well as some incredible contemporary art. The estate has six bedrooms and eight-and-a-half bathrooms, all seamlessly blending with one another in a rustic Hamptons style with a contemporary twist. Warm walnut walls and ceilings run throughout the house giving the space a chic yet homey feel.

The same year Lindemann purchased this property, he also bought the estate nearby that was previously owned by Andy Warhol. Lindemann is a huge fan of Warhol and is one of the biggest collectors of his work. This property is home to two large contemporary sculpture installations centered around the outdoor pool, Urs Fischer‘s “Lamp/Bear,” a 25-foot bright yellow teddy bear sculpture, and Franz West’s “The Ego and the Id.”