Big news in Montauk: It looks like Eothen, Andy Warhol’s former getaway, has finally snagged a buyer after five years. Sources say it’s been sold to J.Crew CEO Mickey Drexler (though he may have partners in the deal). Its windswept, sun-bleached houses (on 5.6 acres that front 600 feet of the ocean) are perfect for a catalogue shoot. Owner and onetime Warhol manager Paul Morrissey first put it on the market in 2001 for $50 million, which he later hacked down to $40 million. Word is Drexler is paying nowhere near that, and is likely to be offering under $30 million. For other aspiring land barons, Gosman’s, the legendary Montauk seafood enclave that spans eleven acres of waterfront property and encompasses a restaurant, clam bar, and market, is on the block at $55 million. It’s been owned and operated by the Gosman family for 65 years and is zoned for a “resort,” which likely means condos or a hotel. In East Hampton, the Maidstone Arms ($10.5 million), East Hampton Point ($55 million), and the James Lane Cafe ($5.6 million)—are all up for sale, as is the Deep Hollow ranch in Montauk ($17 million) and much of Shelter Island: the Ram’s Head Inn, Chequit Inn, and Island Marina
Email
Print
The Kubrick Masterpiece He Never Made
Bob Dylan, the New Bing Crosby
Edelstein on Brothers and
Up in the Air
Fela! Gets Broadway Audiences to Shake It
Review: New Mexican-Food Hot Spots 
Where to Shop for Last-Minute Gifts
An Interview With Todd English
The Look Book: The Yoga Instructor
How Obama Can Take Back the Presidency
Why the Abortion Wars Will Never End
Reverend Tim Keller and the Sins of Yuppiedom
Why the Yankees Need Matt Holliday 