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What's That House Doing On This Incredible Piece of Property?

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Hitting the market for the first time since being built in 1996 is this 4000 sq. ft. contemporary on Sweet Briar Path in Southampton. The $7.5M listing describes the "fabulous summer rental" as having an "open floor plan [that] includes a cathedral living room, fireplaces, a kitchen*, screened-in porch, 6 bedrooms, 3.5 baths, and [an] attached 2-car garage." Though, looking through the house photos, the word "underwhelming" comes to mind.

However, it's not the residence that's going to sell the place...it's the property itself. The south-of-the-highway waterfront parcel weighs in at a hefty 4.20 acres and offers 460' directly on the Shinnecock Bay and about 770' on Far Pond. There's also a pool and tennis court which could most likely be incorporated to whatever design the new owner dreams up. We're a little concerned about the potential of flooding, but this looks like a great place to construct something truly fantastic. Thoughts?

· Listing: Spectacular Waterfront [Sotheby's]

*The inclusion of a kitchen is kind of expected.