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It Doesn't Get Much Cheaper Than This $200k Hamptons House

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What does $200k get you in the Hamptons these days? It's the cost of sending a kid to the Ross School for 4 years. Or it's how much you'd pay for 2,500 pounds of Loaves & Fishes lobster salad. Or it's the price of this 3 bedroom, 3 bathroom house in Sag Harbor. Who says there aren't any bargains left on the East End?

The 1989-era home even includes hardwood floors, a detached garage, and nearly an acre of land. But, as predicted, this is a short sale, so it'll require lots of patience, imagination, and manual labor to make it work.

· 705 Route 114, Sag Harbor [Icon Properties]