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A Fred Stelle-Designed Five-Bedroom In EH For $4.95M

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What we've got here is a great looking home with a truly abysmal location. As you might expect, the brokerbabble goes out of its way to hide that fact. South of the highway? Indeed it is, but just barely. Walking distance to the village? Yes, however that's not a good thing here. A hidden jewel? It better be, because it's located on one of East Hampton Village's worst streets: The Circle. Folks who have gotten turned around on Main Street/in the Chase parking lot will be driving by all summer long (and that includes us).

This residence's case of Terrible Locationitis is especially unfortunate as it has quite the pedigree. Designed by Fred Stelle Architects in corroboration with interior decorator Tony Ingrao and landscape architect Edmund Hollander, the home comes with a pretty stellar group of amenities:

"Venetian plaster walls, Ipe floors, Mahogany lift/slide doors, polished concrete floors, advanced lighting and a/v systems. In addition there is the highly efficient Geo-thermal heating and cooling systems throughout the 2.5 levels. The main house features living and dining rooms, fabulous kitchen, and a media/play room. The legal guest house is smashing with the same level of finishes as the main house...Outdoor lighting, outdoor fireplace with large mahogany decking and in ground swimming pool are the finishing touches."While living within walking distance of the village is always nice, we don't think that necessarily applies in this case. Thoughts? · Listing: 46 The Circle [Corcoran]