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Meadow Lane Oceanfront On Two+ Acres Asks $16M

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Curbed readers might be familiar with this five-bedroom on Meadow Lane as it was offered as a rental last season for a whopping $375K. Well, the owner has decided put the place up for sale. Asking price? $15.995M.

And what does $16M buy on Southampton's priciest street? As far as the house is concerned, not much. It offers 2300 sq. ft. of open living space, exposed beam ceilings, an oceanside deck, and a roof that might be in need of repairs. The real value's in the property, though. The 2+ acre parcel is large enough to fit both a pool and a tennis court. However, that might not be enough to convince potential homebuyers to overlook the adjacent parking lot. At least it's not next across the street from a heliport.
· Listing: Best Deal On Meadow Lane [The Global Group]