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Deep Hollow Ranch in Montauk on market for $25M

Deep Hollow Ranch in Montauk with an 5,000-square-foot

Deep Hollow Ranch in Montauk with an 5,000-square-foot house and two barns with a total of 29 stalls is on the market in January 2016 for $25 million. This photo is from 2007. Credit: Newsday / J. Conrad Williams Jr.

A 24-acre horse farm that hosted the Back at the Ranch concert series in the 1990s, which J. Crew chief executive Mickey Drexler had put up for sale along with the oceanfront estate once owned by artist Andy Warhol, is now on the market separately. The equestrian property has been listed for $25 million.

It includes two barns built in the 1920s by Montauk developer Carl Fisher with a total of 29 stalls, and a 5,000-square-foot house built 10 years ago, says Paul Brennan of Douglas Elliman Real Estate, who is listing the property with Ronald White.

Known as Deep Hollow Ranch, the property hosted a concert series co-organized by singer-songwriter Paul Simon, Brennan says.

The former Warhol estate sold in December for $50 million to art collector Adam Lindemann, who chose not to purchase the horse farm. The two parcels had originally been listed together last summer for $85 million.

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