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Is This Hither Hills Two-Bedroom Priced Right At $949K?

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The brokerbabble describes this two-bedroom home in Montauk as "one with great potential." Set on 1.1 wood acres, the 1800 sq. ft. home offers two bedrooms (with possibility for a third), a wood burning fireplace and some pretty expansive decking. It first hit the market almost two years ago asking $1.195M. But, with no buyer in sight, the home has seen its price chopped a total of three times?the most recent occurring earlier this week?for a total of $246K off of the original ask. Will the new $949K pricetag be enough to finally sell the place or is it still too high? You tell us.

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Listing: 15 Elm Street in Montauk [Corcoran]