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A One-Bedroom South-Of-The-Highway Waterfront For $450K

Located just up the street from another Shinnecock Hills listing we recently featured is this one-bedroom cottage on Middle Pond. It's been on the market for more than four years and experienced five pricechops in that time, but the $450K ask (down from $735K) is starting to seem a little more palatable.

Make no mistake, it's definitely a fixer-upper?the brokerbabble even says as much. It weighs in at a minuscule 480 sq. ft., but the .28 south-of-the-highway acres and bulkheading might be perfect for someone looking for a weekend retreat, especially if they're handy. At least you won't run the risk of a neighbor spoiling the view (and you can still say your place is "south of the highway").

· Listing: 43 Little Neck Road [Corcoran]