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A Three Bedroom In East Hampton For Less Than 400K

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With an ask of $399K, this home in The Springs is one of the least expensive listings on the Hamptons market. While it would be easy to think that anything with such a low, low, discount price would be a guaranteed teardown, this property's got a surprising amount going for it. Situated on more than half an acre, the 1600 sq. ft. modern boasts an open floor plan with sliding doors, expansive decks and a backyard waterfall and koi pond. Also included in the sale is a deeded boat slip for nearby 3 Mile Harbor. The 40-year-old home is in serious need of cosmetic work, but it's got some potential. The question is: what to do with it?

· Listing: 16 Saltmarsh Path [Corcoran]