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South Of The Highway In Ditch Plains for $765K

This three-bedroom looks to be in much better shape and is one block south of the last Ditch Plains house we featured, but has been looking for a buyer for more than a year and a half now. The 1500 sq. ft. cottage first hit the market in October '09 with an ask of $799k. Believe it or not, it is just now receiving its first pricechop in the amount of $34K. We were curious as to why the place had gone for so long without one?until we learned that the owner paid $737.5K in 2006. The listing says it has "a great rental history" so it might behoove them to hold out a little longer and do just that. Otherwise, it looks like they'll be taking a loss.

· Listing: 23 Hoppin Ave - Montauk [Douglas Elliman]