This high ranch in the village of Sag Harbor only changed hands in July of 2011 and is already back on the market. After initially shelling out $455K, Herringbone Properties "completely renovated" the place and is looking to cash in on the investment by asking $1.199M. That $750K markup will land you a home that now offers a high-end kitchen, a re-shingled exterior, new windows, hickory hardwood flooring, and a mahogany deck overlooking a newly installed heated gunite pool. Don't know if the updates warrant the pricetag (that's for potential buyers to decide), but they're certainly an improvement. The 2000 square footer used to look like this.
· Listing: 20 Hamilton
Street Avenue - Sag Harbor Village [Prudential Douglas Elliman]