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Renovated Ranch in East Hampton for $1.8M

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The brokerbabble for this listing says it is new construction—uh, no. That is a 60s ranch with a converted garage. It has been renovated very nicely, though. The ceilings have been opened up and vaulted; the kitchen is beautiful, and we love the wall with the fireplace and built-in bookcases. There are four bedrooms and three and a half baths and over 2450sf of living space. Outside, there is a small (18x36) gunite pool on .4 acre. What do you think of the price?
· East Hampton Village Fringe New Construction [Elliman]