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At $1.575M, Is This Water Mill Two-Bedroom Priced Correctly?

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Sitting on a little over one south-of-the-highway acre in Water Mill is this three-bedroom "post modern". Weighing in with 2100 sq. ft. of living space, the home offers a double-height entry, double-sized living room with fireplace, a kitchen that opens to the dining room and wide-plank flooring throughout. Two of its bedrooms are on the first floor, while the master (as well as a loft) are on the second. Expansive decking out back overlooks the pool and landscaping.

At $1.575M, it's definitely cheap for south of the highway, although it's not exactly within walking distance of the ocean. The home might also benefit from a renovation...the kitchen especially is looking a wee bit dated. The ask could probably stand to come down a little more, but we thought we'd throw it out to the readers at home...

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· Listing: 108 Osprey Way [Corcoran]