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A South-Of-The-Highway Waterfront For $999K In Southampton

Like another property we recently featured, this 1500 sq. ft. cottage may share the Southampton zip code, but it's clearly in Shinnecock Hills?not that's there's anything wrong with that. Unlike that other listing, though, this one is not only in impeccable condition, but is actually on the water. It's been on the market since the beginning of last year, but after a series of pricechops it is only now eligible for admission into our Under $1M club.

Set on .3 acres, the home offers three bedrooms, a detached studio (with its own bathroom), hardwood or tile flooring, an eat-in-kitchen, a pair of living rooms (one with a wood-burning fireplace) and nice little deck out back. While the house does look to be in the turnkey condition mentioned in the brokerbabble, the biggest selling point is its frontage on Middle Pond. It's got 70 feet of bulkheading and a dock making it "perfect for boating, paddle boarding, swimming, and jet skiing." Any takers?

· Waterfront Charmer [Sotheby's]