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The Cheapest House

For some, $199,000 will only go so far; perhaps to a marginally impressive Southampton rental? But for others, $199,000 will land 'em a two bedroom, one bathroom house in Westhampton, complete with a carport and .2 acres of land. The property might "need a lot of work"—it hasn't been touched in 30 years, says the broker—but it has a sort of unique history: the "attached housing [was] originally built in 1959 near Francis S. Gabreski Airport for members of the U.S. Air Force and their families." [Real LI]

Francis S. Gabreski Airport

150 Old Riverhead Road, Westhampton Beach, NY 11978