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A Four-Bedroom Cottage In East Hampton North For $499K

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Finally...an Under 500K home in East Hampton that's not located in Springs. This particular four-bedroom is found on 3 Mile Harbor, about a 10 - 15 minute walk to the village.

Referred to in the brokerbabble as having "wonderful investment potential", the 1600 sq. ft. residence is set back from the street on .83 acres of "beautiful landscaping" (sadly, this isn't visible in the listing photos) and includes a detached garage with a second floor for storage. It doesn't offer much else in the way of amenities, but a renovation and installation of a pool could easily rectify that. Worth putting a little money into the place or does this get a big ol' PASS?

· Listing: Village Fringe [Town & Country]