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Eight Bedrooms Just "Steps From Mecox Bay" For $11.95M

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If you're into the whole Gambrel look (and we know at least one reader who is), take a look at this "totally custom" 8500 sq. ft. "summer retreat" on Bay Lane in Water Mill. Set on three "sublime park-like acres", the residence offers the usual host of high-end Hamptons amenities: a pool with pool house, a theatre, sauna, steam room, covered porches and "guaranteed privacy".

Curiously, the brokerbabble also includes a sentence we just can't seem to parse:

"Two single and separate lots with room for guest house and tennis court, adding approx. $4 - $5 million in extra value for extra building lot already included in price!"We might be in need of more coffee this morning, but if anyone cares to explain that, feel free to make use of the comment box. And although the listing describes this as an "Incredible Value!!!", it's been on the market for more than a year and a half. Maybe the recent $1.045M pricechop will inspire someone to sign on the dotted line? · Listing: Sensational Water Mill Estate Just Steps From Mecox Bay [Corcoran]